World Bank prices £1.75bn 10-year bond

Region:

Europe

The World Bank has priced a ten-year GBP global benchmark bond, raising £1.75 billion from investors around the globe to support the financing of its sustainable development activities.

This is the World Bank’s second GBP global bond of 2020, following its £1.5 billion seven-year global bond issued in January. It was priced at 36 basis points over the 0.0875% UK Gilt due October 2029. Barclays, J.P. Morgan, and TD Securities were joint lead managers for this transaction.

The order book exceeded £2.8 billion and attracted over 100 investors. The bond offers an annual coupon of 1.000% and a semi-annual yield of 0.999%.

Investor distribution by region was UK 54%, Europe (excluding UK) and Middle East 17%, Americas 22%, Asia 7%.

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