Commentary & Deal Flow

The International Development Association (IDA), a member of the World Bank Group, rated Aaa/AAA (both stable), has mandated BNP Paribas, Deutsche Bank and DZ BANK as joint lead managers.

An expected benchmark, SEC exempt, Sustainable Development Bond 30yr € offering will follow, subject to market conditions.

• Target Market: For MIFID II purposes, all target markets and all distribution channels are eligible. For MIFID II/UK MiFIR purposes, all target markets and all distributions channels are eligible.
• Stabilisation: FCA/ICMA
• 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.
• Framework: 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