World Bank in the news

  • World Bank EUR2.5bn 0% Feb 30

    • 14 Feb 2020
  • World Bank GBP1.75bn 1% Dec 29

    • 14 Feb 2020
  • World Bank shows off sterling credentials with super 10 year

    World Bank cemented its status as one of the leading sterling issuers in the public sector bond market with a record-breaking 10 year deal on Thursday.

    • 13 Feb 2020
  • World Bank to bring super-rare sterling 10 year

    World Bank mandated banks for a 10 year sterling deal on Wednesday — an extremely rare trade from a non-UK public sector borrower, but in line with the trend of issuers going out longer in the sterling curve.

    • 12 Feb 2020
  • Big demand for new World Bank Kauri

    The World Bank on Tuesday brought a new five year Kauri bond — the largest since August — at a “pretty aggressive” level to its Australian dollar curve.

    • 11 Feb 2020
  • World Bank comes to market with new five year Kauri

    The World Bank is looking to New Zealand for a new five year. The deal will be its first bond in the Kauri market since January 2019.

    • 10 Feb 2020
  • SSA secondary pricing update: Big fat Greek rally

    Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, February 3. The source for secondary trading levels is ICE Data Services.

    • 04 Feb 2020
  • World Bank sparkles with super sterling sale

    World Bank hit a number of landmarks on size, demand and pricing with its first sterling benchmark of the year. It used a maturity that has become the new sweet spot for SSAs in the currency as issuers seek more attractive funding levels versus euros and dollars.

    • 30 Jan 2020
  • World Bank bags records in sterling with ‘best of both worlds’ maturity

    World Bank broke its size and order book record in the sterling bond market on Tuesday with a maturity that has become the new sweet spot in the currency for SSA borrowers.

    • 28 Jan 2020
  • World Bank joins seven year sterling party

    World Bank appointed banks for a December 2026 sterling bond on Monday. The issuer will be the third public sector borrower in the last week to access this part of the sterling curve in order to achieve a more attractive funding cost versus euros and dollars.

    • 27 Jan 2020
  • Danish investors get green fingers

    A pair of supranationals have reopened Danish krone green bonds. Domestic interest in SSA paper has grown over the last year, with green issuance a primary driver.

    • 21 Jan 2020
  • World Bank debuts in Rwandan franc

    The World Bank made its first visit to the Rwandan franc market last week, place what Dealogic indicates is the first deal in the currency since 2015.

    • 20 Jan 2020
  • World Bank USD3.5bn 1.625% Jan 25

    • 09 Jan 2020
  • Supras and agencies notch big wins despite unrest

    The public sector debt market has had a superb start to 2020, breaking records right and left in defiance of geopolitical tensions that, in previous years, would have scuppered the market as it left the dock, writes Lewis McLellan.

    • 09 Jan 2020
  • World Bank’s cat bonds a win for all, says analyst

    Catastrophe bonds issued by the World Bank have been positive for both investors and the countries receiving protection from the securities, according to one market veteran. The organisation’s activity in insurance-linked securities has been highly innovative but has also received criticism from some quarters.

    • 09 Jan 2020
  • Maple market opens with green shoots

    A pair of supranationals opened the Maple market with sustainability bonds this week. The Canadian green market is “going through a growth phase” as more and more domestic investors show interest in the product, according to bankers.

    • 09 Jan 2020
  • EIB breaks euro book record, World Bank prints joint-biggest size

    The European Investment Bank and World Bank kept the strong momentum flowing in the euro public sector bond market on Thursday, hitting the sweet spot with 10 and seven year benchmarks, respectively.

    • 09 Jan 2020
  • Record debt pile leaves emerging markets ‘vulnerable’ to shock

    Emerging market borrowers’ growing appetite for capital market debt has increased the risks of a shock triggering a financial crisis, the World Bank has warned.

    • 09 Jan 2020
  • SSAs fly in euros from five to 100 years

    Investors piled into the euro public sector bond market on Wednesday, allowing borrowers to achieve well subscribed order books and minimal new issue concessions for a range of maturities.

    • 08 Jan 2020
  • World Bank readies sustainable Maple deal

    The World Bank hit screens on Monday with a mandate for a new five year sustainable development Maple bond — its first public Canadian dollar issue since September.

    • 06 Jan 2020

Sources: World Bank, Dealogic

Credit rating Aaa/AAA/AAA
Basel II risk weighting
0%
Headquarters
1818 H Street, NW,
Washington, DC 20433 USA

See Funding scorecard: supranationals for World Bank's funding progress this year.

 

World Bank

Dealer League Table World Bank

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 TD Securities Inc 2.40 10 13.21%
2 JPMorgan 2.34 5 12.85%
3 Barclays 1.94 6 10.68%
4 Citi 1.55 6 8.52%
5 NatWest Markets 1.24 3 6.82%


Key
officials

Jingdong Hua: treasurer
George Richardson: director, capital markets
Michael Bennett: head of derivatives and structured finance
Heike Reichelt: head of investor relations and new products
Ownership
structure
The World Bank (International Bank for Reconstruction and Development, or IBRD) is an international organization created in 1944 and owned by its member countries.
The five largest of its 187 shareholders are:
US (with 17.58% of the total voting power);
Japan (7.58%);
China (4.88%);
Germany (4.42%);
France (4.14%);
UK (4.14%).
Capital
(end June 30,
2019)
Paid-in capital $17.1bn 
Callable capital $262.9bn
Subscribed capital $280.0bn

European Sovereign Bonds

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 10.53 15 13.17%
2 Citi 7.29 9 9.12%
3 Goldman Sachs 6.07 9 7.60%
4 SG Corporate & Investment Banking 5.99 6 7.50%
5 BNP Paribas 5.58 9 6.99%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 Citi 11.58 21 12.76%
2 JPMorgan 8.31 15 9.15%
3 BofA Securities 6.29 19 6.92%
4 TD Securities Inc 6.21 12 6.84%
5 Goldman Sachs 5.78 14 6.37%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17.15 25 10.98%
2 HSBC 11.44 27 7.32%
3 BNP Paribas 11.39 20 7.29%
4 SG Corporate & Investment Banking 10.56 15 6.76%
5 BofA Securities 10.00 23 6.40%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $bn No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28.34 64 9.03%
2 Citi 23.13 51 7.37%
3 HSBC 19.70 60 6.28%
4 BofA Securities 18.29 54 5.83%
5 Goldman Sachs 17.20 35 5.48%