World Bank Launches $1.75 Billion Sustainable Development Bond

The World Bank has issued a $1.75 billion sustainable development bond linked to the Secured Overnight Financing Rate Index. This bond is set to mature on September 23, 2032, marking a significant step towards financing projects that contribute to global sustainability goals.

The World Bank has announced the pricing of a $1.75 billion sustainable development bond, aligning with global financial standards by linking it to the Secured Overnight Financing Rate (SOFR) Index.

This move demonstrates the World Bank's commitment to supporting sustainable projects globally, with the bond set to mature on September 23, 2032.

This financial tool is part of wider efforts to achieve sustainability targets, attracting investors keen on backing environmentally and socially responsible initiatives.