World Bank Raises GBP 700 Million in 10-Year Sustainable Development Bond to Support Global Initiatives

On October 15, 2024, the World Bank issued a 10-year GBP-denominated benchmark bond, raising £700 million for sustainable development, with a 4.25% annual coupon and a yield of 4.321%. Strong demand from investors led to an increase in the bond’s size from £500 million, reflecting robust interest, particularly from central banks. The bond was priced at +11.3 basis points over the 4.5% UK Gilt, marking a competitive position in the market. This successful issuance highlights investor confidence in the World Bank’s mission to combat extreme poverty and support inclusive growth in its member countries. Resources: https://esgnews.com/world-bank-raises-gbp-700-million-in-10-year-sustainable-development-bond-to-support-global-initiatives/