World Bank prices sustainable development bond

The World Bank has priced a C$1.5 billion ($ 1.1 billion) global benchmark bond maturing on 2 July 2025. The five-year issue pays a semi-annual coupon of 0.75% and has an issue price of 99.788% % and a final spread of 40.9bp over the 0.5% CAN September 2025 reference bond, offering investors a semi-annual yield of 0.793%.  

The issue supports the World Bank's Covid-19 response for its member countries. The notes garnered orders from 55 investors made up of central banks, bank treasuries, asset managers, official institutions, pension funds, and insurance funds. BofA Securities, RBC Capital Markets, Scotiabank, and TD Securities were joint lead arrangers.