THE World Bank's USD 2.5 billion five-year Sustainable Development Bond maturing in July, 2026, attracted more than 75 orders an order book reaching over USD 3.1 billion with strong demand from central banks and official institutions.

Investors included those integrating Environmental, Social and Governance (ESG) criteria in their investment process, as well as those seeking to achieve positive impact through the selection of issuers, like the World Bank, that incorporate climate action and sustainability throughout their operations.

"We are grateful to the investors in today's issue, and all who support the World Bank's mission through the purchase of its bonds," said Mr Jingdong Hua, Vice President and Treasurer, World Bank. "Their investment leverages World Bank shareholders' capital to mobilise financing in support of sustainable development to achieve positive environmental and social impact, including critical COVID-19 response projects and programmes."

Against a market tightening backdrop, the bond priced at a spread vs. the reference US Treasury of 13.55 basis points, resulting in an equivalent annual yield of 0.963 per cent.

BofA Securities, Citi, J.P. Morgan, and Nomura are the lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.