World Bank Prices Swiss Franc 300 Million Issuance
United States, March 13 -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 6-year Swiss Franc (CHF) denominated benchmark bond maturing in April 2032. The Sustainable Development Bond raised CHF 300 million from investors to support the financing of the World Bank's sustainable development activities in its member countries. This transaction marks the largest IBRD CHF trade since April 2009.The bond offers an annual coupon of 0.5925% and was priced at par. Deutsche Bank acted as the lead manager and Basellandschaftliche Kantonalbank (BLKB) acted as the co-lead manager. The bond will be listed on the SIX Swiss Exchange.The transaction attracted orders from 43 investors. The bonds were primarily ...
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