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Add to Preferred SourcesThe World Bank priced its first benchmark bond of the calendar year, a CAD 1.5 billion Sustainable Development bond. This is the largest bond issued by an SSA in the Canadian market.
The Sustainable Development bond raises awareness for the long-lasting benefits of investing in the health and nutrition of women, children, and adolescents. These priorities are addressed under the Sustainable Development Goals, specifically SDG 3—ensure healthy lives and promote wellbeing for all at all ages—and SDG 5—achieve gender equality and empower all women and girls.
Jingdong Hua, World Bank Vice President and Treasurer, said: “This is a fantastic transaction to kick off our 2019 benchmark program. The warm welcome from investors signals the deepening demand for high-quality assets that combine financial and development returns. It is also a vote of confidence in our strategy to engage with investors and highlight the powerful role of capital markets in achieving the Sustainable Development Goals.”
This Sustainable Development Bond is part of a World Bank initiative to engage investors on the importance of investing in the health and nutrition of women, children and adolescents. Since the initiative was launched in June 2018, the World Bank has raised nearly US$2 billion from institutional and retail investors focused on highlighting these issues.
Original source: World Bank
Published on 8 January 2019