World Bank in the news

  • SSAs satisfy niche currency demand

    SSA issuers turned towards niche currencies this week to meet a range of demand across the Australian and Canadian dollar curves. KfW and the Asian Development Bank started the week printing in Australian dollars, before the World Bank joined them in the currency while also returning to the Maple market.

    • 12 Sep 2019
  • Supranational sterling flurry starts September

    A trio of supranationals harnessed a lack of sterling supply to reopen the market this week. The World Bank brought the first fixed rate supranational deal since August, while the Asian Development Bank and European Investment Bank both reopened Sonia-linked notes.

    • 12 Sep 2019
  • ADB and World Bank join syndicated sterling flurry

    The Asian Development Bank joined the syndicated sterling issuance run started by the European Investment Bank earlier this week, pricing a £300m tap of its March 2024 Sonia-linked note on Wednesday. The World Bank looks set to follow with a fixed rate tap on Thursday that bankers feel could give a good indication of the market’s appetite for the format amid volatility.

    • 11 Sep 2019
  • MTNs slip through as public market resumes

    Issuance is starting to resume after the summer break; however, this week a booming public market drew away investor and issuer attention from MTNs. Despite this, a range of established SSA, FIG and corporate borrowers have slipped in, with deals across core, niche and EM currencies.

    • 30 Aug 2019
  • Further developments eyed for bond–i

    The World Bank is planning to add fully digital cash settlement, multiple currencies and more nodes to its ‘bond–i’ platform, according to a banker involved in developing the blockchain system. Earlier this month, the supranational added tap functionality, as it raised A$50m ($33.7m) of capital.

    • 29 Aug 2019
  • World Bank USD3.5bn 1.5% Aug 24

    • 22 Aug 2019
  • Georgieva looks shoo-in for IMF job amid no-show by rivals

    Europe’s candidate to take over as the next head of the International Monetary Fund received a boost this week after the body’s executive board called for the age limit to be raised and hopes receded of a rival candidate stepping forward.

    • 22 Aug 2019
  • SSA dollar names pile into topsy-turvy market

    The World Bank was one of a bevy of SSA dollar issuers raising a total of $8.4bn this week, with most of the trades indicating that investors coming back from the summer were having to decipher a completely different market to the one they left.

    • 21 Aug 2019
  • World Bank eyes first dollar benchmark of fiscal year

    The World Bank has mandated for its first dollar benchmark of its fiscal year, as the issuer starts hacking away at its up to $60bn funding programme for the year.

    • 20 Aug 2019
  • World Bank eyes 'further advancement' of innovative blockchain bond

    The World Bank is preparing to reopen its 'blockchain offered new debt instrument', or bond-i for short, as it looks to market the Australian dollar deal to a more international audience.

    • 02 Aug 2019
  • World Bank already eyeing market return

    The World Bank has kicked off its up to $60bn funding programme for the year, and the issuer is expecting to be in the market again soon.

    • 01 Aug 2019
  • World Bank USD500m FRN Aug 24

    • 01 Aug 2019
  • World Bank trade puts Sofr standardisation within grasp

    The World Bank has printed the longest ever bond with a coupon linked to the Secured Overnight Financing Rate (Sofr), edging the market towards settling the debate about how to calculate coupons based on the benchmark rate.

    • 01 Aug 2019
  • World Bank trade inches Sofr towards coupon standard

    The World Bank has printed the longest ever bond with a coupon linked to the Secured Overnight Financing Rate (Sofr), with the market finally seeming to find a consensus on how to work out the coupon for the dollar Libor replacement benchmark.

    • 29 Jul 2019
  • World Bank floats in Hong Kong dollars for the first time since 2009

    The World Bank placed its first Hong Kong dollar deal of its 2019/2020 funding year last week. The supranational chose to link the private placement to the Hibor benchmark, a now little seen structure that was likely the result of a "very specific enquiry", according to one MTN banker away from the deal.

    • 29 Jul 2019
  • Funding scorecard: supranationals

    This week’s funding scorecard looks at the progress supranationals have made in their funding programmes towards the end of July

    • 26 Jul 2019
  • NIB goes long in euros

    Investors have looked towards structured and long dated notes in their hunt for yield as the summer break creeps closer.

    • 25 Jul 2019
  • World Bank sets out 2019/20 funding plans

    The World Bank is targeting $50bn-$60bn of funding for its 2019/20 funding year, which began on July 1, and will keep busy during the summer.

    • 25 Jul 2019
  • MTN investors opt for the ‘familiar’

    A cavalcade of “familiar names” have come to the market over the last week. SSAs, corporates and FIG issuers printed across the euro curve, while a trio of supranationals were also active in emerging market currencies.

    • 23 Jul 2019
  • SSA trio hit niche with more to come

    A trio of supranational and agency names headed out into niche currencies this week, as other SSA names say non-core currencies will be their focus for the rest of the year.

    • 18 Jul 2019

Sources: World Bank, Dealogic

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

 

World Bank

Dealer League Table World Bank

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 8,410.54 87 21.79%
2 Citi 5,605.29 30 14.52%
3 TD Securities Inc 4,149.72 29 10.75%
4 Nomura 2,166.67 29 5.61%
5 BMO Capital Markets 2,065.55 4 5.35%


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 €m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 17,683.39 29 10.65%
2 Citi 13,595.38 21 8.19%
3 Goldman Sachs 12,302.04 22 7.41%
4 HSBC 12,224.45 15 7.36%
5 BNP Paribas 11,306.61 19 6.81%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,540.14 76 11.44%
2 JPMorgan 29,467.48 78 11.03%
3 HSBC 18,945.39 48 7.09%
4 Barclays 17,883.71 42 6.70%
5 Bank of America Merrill Lynch 16,273.57 62 6.09%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 35,538.44 83 9.26%
2 BNP Paribas 25,289.20 63 6.59%
3 Credit Agricole CIB 25,128.79 67 6.55%
4 Goldman Sachs 24,003.84 53 6.26%
5 UniCredit 23,929.00 71 6.24%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,506.93 362 7.86%
2 Citi 58,306.28 185 6.15%
3 HSBC 55,518.86 225 5.85%
4 Barclays 49,814.97 174 5.25%
5 Bank of America Merrill Lynch 42,458.79 153 4.48%