Commentary & Deal Flow

The International Development Association (IDAWBG), a member of the World Bank Group, rated Aaa/AAA (Moody's/S&P), has mandated DZ BANK, LBBW, Natixis, and NatWest as joint lead managers for a new 15-year EUR fixed rate benchmark Sustainable Development Bond (SEC exempt).

The issue is expected to be launched and priced in the near future, subject to market conditions.

• Notes: FCA/ICMA stabilisation. For MIFID II/UK MiFIR purposes, all target markets and all distributions channels are eligible.
• Use of Proceeds: IDA bonds support the financing of a combination of green and social, i.e. sustainable development, projects, programs, and activities in IDA member countries. See IDA's Sustainable Development Bond Framework for examples of such eligible projects, programs, and activities and other information: https://worldbank.org/ida-sdb-framework