By Lisa Kerner
Charlotte, N.C., July 21 – World Bank (International Bank for Reconstruction and Development) (Aaa/AAA) issued two new sustainable five-year development bonds to retail investors in Italy.
The bank is offering 2.5% bonds in denominations of RMB 10,000 and 5.8% bonds in denominations of Rs. 150,000, according to a news release.
Settlement is expected to occur on July 22.
The bonds are being listed on EuroMOT of Borsa Italiana, the Italian Stock Exchange.
BNP Paribas Securities Corp. is the dealer.
The issuer is based in Washington, D.C.
| Issuer: | World Bank (International Bank for Reconstruction and Development)
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| Description: | Sustainable bonds
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| Maturity: | July 22, 2021
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| Dealer: | BNP Paribas Securities Corp.
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| Settlement date: | July 22
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Denomination: | RMB 10,000
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| Coupon: | 2.5%
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| Denomination: | Rs. 150,000
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| Coupon: | 5.8%
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