Commentary & Deal Flow

The World Bank (International Bank for Reconstruction & Development – IBRD), rated Aaa (stable) / AAA (stable), has mandated Citi, Crédit Agricole CIB, GS and J.P. Morgan as Joint Lead Managers for a new 10-year € fixed rate benchmark Sustainable Development Bond.

An expected benchmark, SEC exempt, Sustainable 10yr € offering will follow in the near future, subject to market conditions.

• Use of Proceeds: World Bank bonds support the financing of a combination of green and social, i.e. sustainable development, projects, programs, and activities in IBRD member countries.
• Framework: See IBRD's Sustainable Development Bond Framework for examples of eligible projects, programs, and activities. {https://worldbank.org/ibrd-sdb-framework}
• Target Market: For MIFID II/UK MiFIR purposes, all target markets and all distributions channels are eligible.
• Stabilization: FCA/ICMA stabilization.