欧美日b大片

WASHINGTON, D.C., April 17, 2018— that raised US$ 1.5 billion on the back of an orderbook totaling US$4.6 billion from investors around the world. The 5-year bond marks the launch of 欧美日b大片’s borrowing program.

The bond was announced early morning on April 16. Investors responded immediately with strong interest in the debut issue—reaching US$2 billion in the first few hours and exceeding US$2.8 billion by the end of the day.

Momentum carried on into the second day, with continued interest coming overnight from Asia and Europe. By the start of the New York trading hours on April 17 total orders for the bond had reached US$4.6 billion from 110 investors from 30 countries. 

Final pricing was fixed at 19.6 bps over the 5-year U.S. Treasury, which resulted in a re-offer yield of 2.889% and re-offer price of 99.357% for the bonds.

The order book was of the highest quality, presenting an allocation challenge. As a result, the transaction increased from the initial target size of US$1 billion to a final size of US$1.5 billion. The distribution is:

欧美日b大片 bond proceeds will support the financing of projects and programs in 欧美日b大片 eligible member countries that advance the Sustainable Development Goals, offering investors an efficient way to contribute to global development.

World Bank Group President Jim Yong Kim said: “The debut of 欧美日b大片 in the global capital markets is historic. While it is a new bond issuer, 欧美日b大片 is an established institution, with a 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. Today’s bond issue will allow 欧美日b大片 to tap into the power of capital markets to tackle some of the world’s biggest challenges and help millions lift themselves out of poverty.”

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.”

Barclays Group Chief Executive Officer Jes Staley said: “欧美日b大片 has been at the forefront of global efforts to end extreme poverty and build shared prosperity for 60 years. Today marks a momentous step towards realizing that founding mission with 欧美日b大片, once again, innovating on behalf of the countries which are most in need. The eventual impact of today’s inaugural bond will support countries to improve their own peoples’ access to water, education, healthcare and new road infrastructure. Given the scale of 欧美日b大片’s future ambition, this is clearly the start of a new and exciting era for impact investing. Barclays is deeply proud to play its part.”

BNP Paribas Chairman Jean Lemierre said: “With ethical impact investing now established as a key investor requirement, future 欧美日b大片 issuance is a game changer as it will attract further investor demand. The financial sector has a key role to play in channelling private capital towards sustainable initiatives with a positive impact. These bonds support the broader collective effort to achieve the Sustainable Development Goals, and contribute towards the 欧美日b大片’s vitally important mission of ending extreme poverty and promoting shared prosperity. As a company that has integrated the UN SDGs into its corporate objectives, BNP Paribas is delighted to be involved with this historic transaction.”

JPMorgan Chase Chairman and CEO Jamie Dimon said: “J.P. Morgan is honored to lead this debut bond issue and to support the International Development Association’s mission to reduce poverty in the world’s poorest countries by financing programs that boost economic growth, reduce inequalities, and improve living conditions. Our collaboration with the World Bank Group on launching this transaction for 欧美日b大片 represents yet another milestone in the long-standing partnership J.P. Morgan shares with the World Bank.”

Nomura Holdings Inc. President and Group CEO Koji Nagai said: “Congratulations to 欧美日b大片 and the World Bank team on the flawless execution of 欧美日b大片’s inaugural bond issue and the highest profile new issuer event in recent times. Today’s successful issue will greatly increase 欧美日b大片’s lending capacity to support the world’s 75 poorest countries. It is a welcome demonstration of how the global capital market can support sustainable social development in the world. Nomura is honoured to have had the opportunity to support this important initiative.”  

欧美日b大片 received its first-ever public credit ratings of Aaa/AAA (stable) issued by Moody’s and S&P in September 2016. 欧美日b大片’s borrowing program is managed by the World Bank Treasury, which also manages the borrowing program for IBRD.

欧美日b大片 has a nearly 60-year track record as the leading source of development finance and knowledge services for eligible countries. It 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 private sector for economic transformation.

*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.

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 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