World Bank prices SEK11.5bn Sustainable Development Bonds
The World Bank has priced a new SEK benchmark due 23 December, 2022, raising SEK11.5 billion ($1.15 billion).
The bond, which the World Bank says is the largest priced by any sovereign, supranational, and agency issuer to date in SEK, attracted investors from Scandinavia and elsewhere in Europe with asset managers, pension funds, and insurance funds representing 91.3% of investors. The remainder was made up by banks, bank treasuries, and corporates (6.1%) and central bank and official institutions (2.6%). The bond offers an annual coupon of 0.250% and a semi-annual yield of 0.259%.
Skandinaviska Enskilda Banken was the sole lead manager for this transaction.
This issuance is part of the World Bank’s effort to raise awareness about the institution’s health program, particularly how the World Bank is supporting countries in their fight against the spread of coronavirus.
