By Angela McDaniels
Tacoma, Wash., June 19 – The World Bank (International Bank for Reconstruction and Development) priced $50 million of 0% green bonds due July 3, 2025 linked to the iStoxx Europe ESG Select 30 index, according to a bank news release.
The bonds are being offered to institutional investors in Europe.
The payout at maturity will be par plus a supplemental payment amount linked to the performance of the index multiplied by a participation rate.
Further details were not disclosed.
Proceeds will be used for projects seeking to mitigate climate change or help affected people adapt to it.
The issuer is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
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| Issue: | Green bonds
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| Underlying index: | iStoxx Europe ESG Select 30 index
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| Amount: | $50 million
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| Maturity: | July 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus supplemental payment amount linked to performance of index multiplied by participation rate
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| Pricing date: | June 18
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| Settlement date: | July 3
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| Lead manager: | J.P. Morgan Securities plc
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| Listing: | Luxembourg Stock Exchange
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