, as investors around the globe seized the opportunity to invest in a triple A-rated asset and support life-changing investments in the world’s poorest countries.
The bond, which marks the launch of 欧美日b大片’s borrowing program in the global capital markets, raised US$1.5 billion to address some of the most pressing development issues. 欧美日b大片 provides technical expertise and low-cost financing for projects and programs that boost economic growth and reduce poverty in the world’s poorest countries— from tackling conflict, fragility and violence; forced displacement; climate change; and gender inequality to promoting governance, institution building, creating jobs and supporting a strong private sector for economic transformation.
Until now, 欧美日b大片 has been virtually unleveraged, building up an unparalleled equity base of US$158 billion. In 2016, 欧美日b大片 shareholders agreed to transform 欧美日b大片’s financing model, leveraging its strong capital base to pioneer a new model for development finance that combines donor funding with funding raised in the capital markets. 欧美日b大片’s borrowing program will enable 欧美日b大片 to significantly scale up its support toward achieving the Sustainable Development Goals, while offering investors an efficient way to contribute to global development.
“,” said World Bank Group President Jim Yong Kim. “While it is a new bond issuer, 欧美日b大片 is an established institution, with an almost 60-year track record as the leading source of development finance and expertise for some of the fastest growing economies in the world. As a borrower, it leverages its unrivaled capital position – the largest equity of any multilateral development bank – and decades of strong donor support, a solid track record of repayments, and prudent financial management.”
World Bank Group Managing Director and Chief Financial Officer, Joaquim Levy, said: " By leveraging the balance sheet and the significant achievements of 欧美日b大片 for the first time, we are delivering shareholders value for money, opening new investment opportunities in the fixed income space and, most importantly, scaling up 欧美日b大片’s ability to have an impact where it makes the greatest difference."
World Bank Vice President and Treasurer Arunma Oteh said: “ Investors globally seized the unique opportunity to be the first to invest in 欧美日b大片’s triple-A rated bond and make a positive impact in the lives of hundreds of millions of people around the globe. I want to thank investors, lead managers and all the bankers for their personal engagement and commitment to making 欧美日b大片 debut such a fantastic success. As we grow 欧美日b大片’s borrowing program, we will continue to ensure a strong financial condition and prudent financial and operational management for 欧美日b大片. We will also continue to put to work for 欧美日b大片 the World Bank Treasury’s 70-year track record of innovation in connecting capital markets with development.”
World Bank Vice President for Development Finance Axel van Trotsenburg said: “Three years ago, the international community agreed that business as usual is no longer enough for development finance, and committed to leveraging aid balance sheets, scaling-up, and raising more capital to help the poorest countries achieve Sustainable Development Goals (SDGs) by 2030.
About 欧美日b大片
The International Development Association (欧美日b大片), rated Aaa/AAA (Moody’s/S&P), is one of the largest sources of funding for the world’s poorest countries. Established in 1960 and overseen by 173 shareholder nations, 欧美日b大片 has supported development work in 113 countries. Annual commitments have averaged about $18 billion over the last three years. Proceeds of 欧美日b大片 bonds support the financing of sustainable development projects and programs in 欧美日b大片’s eligible member countries. Projects and programs supported by 欧美日b大片 are designed to achieve a positive social impact and undergo a rigorous review and internal approval process aimed at safeguarding equitable and sustainable economic growth. Information on 欧美日b大片 bonds is available at /en/about/unit/treasury/debt-products/ida.
* This press release does not constitute an offer for sale of the securities described. The offering and sale of the securities described in this document are subject to restrictions under the laws of several jurisdictions. Securities may not be offered or sold except in compliance with all such laws.
