By Lisa Kerner
Charlotte, N.C., March 1 - The World Bank's International Bank for Reconstruction and Development placed $50 million of fixed-rate Green bonds, primarily with the New York State Common Retirement Fund, on Thursday, according to a press release.
The bonds have a 0.92% coupon and mature on June 30, 2015. They are extendable by the issuer to Dec. 20, 2017.
SEB is the underwriter.
To date, the World Bank has issued more than $3 billion equivalent of Green bonds through 47 transactions in 17 currencies.
The international financial institution aids developing countries and is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development
|
| Issue: | Fixed-rated notes
|
| Amount: | $50 million
|
| Maturity: | June 30, 2015
|
| Coupon: | 0.92%
|
| Lead manager: | SEB
|
| Lead investor: | New York State Common Retirement Fund
|
| Settlement date: | March 1
|
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