World Bank in the news

  • Fed to spoil SSAs’ Xmas dollar feast

    SSA bankers looking to get their Christmas shopping in early were in a state of shock on Tuesday, as the World Bank brought a dollar deal to follow the Province of New Brunswick’s return to the currency after a six year hiatus. But that could be it for 2017 as issuance is unlikely next week, which is bisected by a Federal Open Market Committee meeting.

    • 07 Dec 2017
  • Do they know it’s Christmas? World Bank lines up as New Brunswick returns

    SSA bankers looking to get their Christmas shopping in early were in a slight state of shock on Tuesday, as World Bank lined up a dollar deal to follow a Canadian province’s return to the currency after a six year hiatus.

    • 05 Dec 2017
  • Turkish lira hits record low, MTNs to benefit

    The Turkish lira’s value has been battered by a chaotic political and economic backdrop but, with yields at their highest level since 2007, some MTN investors are opting to take the plunge.

    • 23 Nov 2017
  • World Bank USD2bn 2.5% Nov 27

    • 16 Nov 2017
  • World Bank goes super-tight in dollar 10s as EDC tipped for trade

    World Bank capped off a series of 10 year dollar benchmarks from SSA issuers, on Tuesday, with the tightest spread to mid-swaps and US Treasuries in the tenor for at least two years. But further benchmark issuance in the currency — other than a rumoured Canadian deal — is unlikely, with issuers well-funded and investors winding down for the year.

    • 16 Nov 2017
  • World Bank brings tightest 10 year dollar deal of 2017

    World Bank on Tuesday added to a spate of 10 year dollar benchmark issuance over the last few weeks and set a new pricing marker in the tenor as it printed at the tightest spread of the year.

    • 14 Nov 2017
  • World Bank out in dollar 10s amid hopes for jumbo comeback

    World Bank will bring the latest test for a wall of dollars waiting to tumble into the SSA bond market, after mandating banks on Monday to bring a 10 year global benchmark. The trade could be the first jumbo 10 year dollar deal from an SSA in well over two years — and bankers away from the deal expect it to fly.

    • 13 Nov 2017
  • EIB taps South African rand twice in a week

    The European Investment Bank (EIB) tapped South African rand twice this week, amid rising yields in the currency. Elsewhere, the International Finance Corporation (IFC) and World Bank both sold three lots of offshore renminbi, and Nordic Investment Bank (NIB) returned to Hong Kong dollars.

    • 09 Nov 2017
  • Funding scorecard: supranationals

    This week's scorecard looks at the funding progress various supranationals have made in their programmes as the end of the year approaches.

    • 27 Oct 2017
  • Debt relief talks for Caribbean are real, says Branson

    Sir Richard Branson spoke with GlobalCapital’s Lucien Chauvin on Wednesday, after meeting Caribbean heads of government and leaders of the World Bank and International Monetary Fund in Washington. Branson is pushing for a Marshall Plan to help the Caribbean cope with the relentless onslaught of hurricanes, exacerbated by climate change.

    • 19 Oct 2017
  • World Bank’s Kim eyes debt-for-resilience swaps

    World Bank president Jim Yong Kim has told Caribbean leaders it is time to think creatively about ways to deal with the region's debt, low growth and the vulnerabilities posed by climate change-provoked disasters. By Lucien Chauvin, Oliver West and Virginia Furness.

    • 19 Oct 2017
  • KenGen to launch $300m loan

    Kenya’s largest power producer Kenya Electricity Generating Company (KenGen) is looking to raise $300m in the loan market, which the World Bank is providing a $180m guarantee for.

    • 18 Oct 2017
  • Call to capital markets to aid in rebuilding nations after disaster

    The World Bank is achieving success in using the capital markets to put together financial facilities to help hurricane-afflicted Caribbean countries receive swift aid to deal with the aftermath, its Treasurer Arunma Oteh tells GlobalMarkets

    • 15 Oct 2017
  • Dealing with the Trump squeeze: World Bank focuses on agility and innovation

    Facing a squeeze on funding from the Trump administration for its work in middle income countries, the World Bank is looking at innovative ways to fulfil its mission to end poverty and inequality

    • 13 Oct 2017
  • WB's Oteh expects IDA bond to be 'phenomenal'

    The World Bank’s head of treasury tells GlobalMarkets she has high hopes for the International Development Bank’s debut in the international bond markets and thinks it will make a big difference to the effectiveness of the institution

    • 13 Oct 2017
  • Refugee bonds in play as Bangladesh succumbs to Rohingya crisis

    The World Bank is working on new refugee bonds, GlobalMarkets can reveal, as Bangladesh put in a request for financial support to cope with the burdens of the influx of Rohingya Muslim migrants from Myanmar

    • 12 Oct 2017
  • Out Of The Woods diary column

    Seen and heard in the corridors of the Annual Meetings

    • 12 Oct 2017
  • Kim confident of landing extra funding to turn 'billions into trillions'

    The World Bank's president, Jim Kim, will push rich countries' finance ministers to agree to a capital increase that will enable him to leverage trillions of dollars of private capital

    • 12 Oct 2017
  • Exotix extends hiring spree

    Investment bank and research firm Exotix made two senior hires this week.

    • 09 Oct 2017
  • Supras widen niche horizons with MTNs

    Supranationals have delivered a spurt of niche currency medium term notes, returning to old favourites like South African rand as well as making use of demand for more exotic currencies, particularly in Latin America.

    • 05 Oct 2017

Sources: World Bank, Dealogic

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World Bank

Dealer League Table World Bank

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 5,454.86 160 14.77%
2 TD Securities Inc 5,432.53 43 14.71%
3 Deutsche Bank 3,055.74 20 8.27%
4 Citi 2,375.69 45 6.43%
5 Barclays 2,297.12 19 6.22%


Key
officials

Arunma Oteh: 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,
2016)
Paid-in capital $15.8bn 
Callable capital $247.5bn
Subscribed capital $263.3bn

European Sovereign Bonds

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 18,481.15 26 8.79%
2 HSBC 16,094.53 24 7.65%
3 BNP Paribas 15,919.65 22 7.57%
4 Barclays 15,870.51 25 7.55%
5 Goldman Sachs 14,733.99 25 7.01%

Dollar Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 53,463.63 126 11.62%
2 Citi 52,833.87 135 11.48%
3 HSBC 35,802.36 90 7.78%
4 Bank of America Merrill Lynch 34,298.88 106 7.45%
5 Deutsche Bank 31,295.15 75 6.80%

Bookrunners of Euro Denominated SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 34,793.50 122 7.24%
2 HSBC 34,778.70 117 7.24%
3 Barclays 32,929.25 80 6.85%
4 Goldman Sachs 31,906.26 88 6.64%
5 BNP Paribas 31,635.81 68 6.58%

Bookrunners of Global SSA (Excl US Agency)

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,819.56 331 7.32%
2 JPMorgan 94,013.25 550 7.18%
3 HSBC 82,038.18 300 6.26%
4 Barclays 67,249.07 214 5.13%
5 Bank of America Merrill Lynch 66,702.63 219 5.09%