By Susanna Moon
Chicago, April 9 – World Bank (International Bank for Reconstruction and Development) is offering TRY 80 million of five-year sustainable development bonds in three tranches to Japanese retail investors.
Daiwa Securities Group Inc. is the dealer.
Proceeds will be used to support the financing of sustainable development projects and programs in the bank’s member countries supporting various sectors including agriculture, education, energy, finance/trade/industry, health and social services, transportation, water/sanitation, gender equality and environment, according to a press release.
The coupon is 11.76% to TRY 40 million, 11.916% to TRY 20 million and 0% for TRY 20 million.
The global development financing cooperative is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development (World Bank)
|
| Issue: | Sustainable development bonds
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| Amount: | TRY 80 million
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| Maturity: | Five years
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| Coupon: | 11.76% for TRY 40 million, 11.916% for TRY 20 million and 0% for TRY 20 million
|
| Distribution: | Japanese retail investors
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| Announcement date: | April 9
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| Dealer: | Daiwa Securities Group Inc.
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