9%
Sean Hayes, Head of US Syndicate & Credit Sales, BMO Capital Markets, said: “World Bank continues to demonstrate unwavering commitment to Canadian dollar primary markets to start its new fiscal year, with this deal representing its tenth consecutive fiscal year issuing a benchmark-sized CAD transaction. The World Bank’s presence has cultivated growth across high-grade capital markets for sustainable investment in Canada and continues to draw strong domestic and international support. BMO is a proud partner”.
Cesare Roselli, Global Head of SSA (Sovereign, Supranational, and Agency) Origination, Scotiabank, said: “Scotiabank is proud to have acted as bookrunner in the World Bank’s 5-year CAD 600 million Sustainable Development Bond, its first CAD-denominated transaction of the 2022 fiscal year, issued to support the financing of a combination of green and social projects, programs, and activities in member countries. The transaction resulted in strong involvement of the domestic ESG investment community in Canada and underscored the exceptional support that the World Bank enjoys in that jurisdiction”.