World Bank's Malpass says IBRD got capital infusion from U.S., bond issue

World Bank's Malpass says IBRD got capital infusion from U.S., bond issue
Representative Image Image Credit: www.worldbank.org
  • Country:
  • United States

World Bank President David Malpass on Thursday said the bank's main lending arm for middle-income countries has received nearly $9.8 billion in capital from the United States and sold $8 billion worth of 5-year global benchmark bonds.

Malpass said the bond issue by the International Bank for Reconstruction and Development, yielding 0.7%, was the largest-ever U.S. dollar denominated bond issued by a supranational entity, with an order book that reached $12.5 billion from 190 investors.

Give Feedback

Use this form for editorial or site feedback. We usually reply within 2 to 3 working days.

By submitting, you agree that we may use your email address to respond.