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World Bank Issues Sustainable Development Bond in Chinese Yuan and Raises Awareness for Food Loss and Waste


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WASHINGTON: The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 2-year Sustainable Development Bond raising CNH 500 million (approximately US$ 77 million equivalent) while engaging with investors to raise awareness for the importance of combatting food loss and waste. These challenges are outlined by Sustainable Development Goal 12.3: halving food waste by 2030. The bond was placed with investors committed to highlighting the importance of this theme, with Gavekal Capital Limited as the lead investor. HSBC Bank plc acted as sole lead manager for the transaction.
Jingdong Hua, Vice President and Treasurer, World Bank, said, “Supporting countries to address the climate and social impacts of food loss and waste is a key priority for the World Bank particularly as the COVID pandemic has exposed both supply chain vulnerabilities and may add up to 130 million undernourished people in the world. We thank investors who participate ....

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World Bank Prices CAD 600 Million Sustainable Development Bond


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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 involvemen ....

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