By Lisa Kerner
Charlotte, N.C., April 20 – International Bank for Reconstruction and Development (World Bank) said it priced $280 million of 1.005% 2.5-year green bonds (Aaa/AAA) at par on Monday under its global debt issuance facility.
J.P. Morgan Securities plc was the dealer.
The California State Treasurer’s Office provided the lead order for the transaction, and other investors included Calvert Investments, according to a news release.
An amount equal to the net proceeds of the issue will be credited to a special account that will support World Bank’s lending for eligible projects. These projects may include those that mitigate climate change, including investments in low-carbon and clean technology programs, such as energy efficiency and renewable energy programs and projects.
World Bank is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development (World Bank)
|
| Amount: | $280 million
|
| Description: | Green bonds
|
| Maturity: | Oct. 1, 2018
|
| Bookrunner: | J.P. Morgan Securities plc
|
| Coupon: | 1.005%
|
| Price: | Par
|
| Yield: | 1.005%
|
| Call: | Non-callable
|
| Trade date: | April 18
|
| Settlement date: | April 21
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
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