Accessing private investors and adding scale to tangible impact investing motivated World Bank to bring its new sustainable growth bond. The issuer and its lead say the deal presented a unique opportunity to engage new investors on the UN sustainable development goals (SDGs) and World Bank’s bond issuance.
In the next step in the evolution of applying blockchain technology to debt capital markets, it is now possible to trade World Bank’s Bond-i on the blockchain platform. Participants say interest in the platform has only continued to accelerate since the deal was introduced in August 2018, and that further development is still ongoing.
On 15 May, World Bank priced a A$800 million (US$553 million) increase to its February 2024 Kangaroo bond, bringing the total outstanding in the line to A$2.1 billion. The tap was led by Deutsche Bank, Nomura and TD Securities and is the largest Australian dollar deal from a supranational, sovereign and agency (SSA) borrower since World Bank introduced the line in February with a A$1.3 billion deal.
World Bank (AAA/Aaa) launched a minimum A$300 million (US$208.6 million) increase to its February 2024 Kangaroo bond, on 14 May. The forthcoming transaction has indicative price guidance of 34 basis points area over semi-quarterly swap and 46.75 basis points area over Australian Commonwealth government bond.
The KangaNews Sustainable Debt Summit 2019 took place in Sydney on 18 March with a record number of delegates in attendance. The tone of discussion at the event has evolved in recent years, with the emphasis now much more clearly on delivery – the ‘how’ and ‘what’ as opposed to the ‘why’ of sustainable finance.