Third World Bank Green Bond Issue Raises USD 130 Million from
Institutional Investors
(Thomson Reuters ONE) - The World Bank (International Bank for Reconstruction andDevelopment, rated Aaa/AAA) announced today that its third green bondissue successfully raised USD 130 million. World Bank green bondssupport projects in client countries that meet specific criteria forlow-carbon development. These bonds are an example of public andprivate-sector efforts to raise funds for projects seeking tomitigate the rise in greenhouse gas emissions or help people indeveloping countries affected by climate change.The transaction was lead managed by SEB. Among the investors whopurchased the bonds were institutions in the US such as theCalifornia State Teachers' Retirement System (CalSTRS), and inSweden, the Swedish life insurance provider SEB Trygg Liv, andSwedish National Pension Funds - AP2 and AP3. The United NationsJoint Staff Pension Fund (UNJSPF), which had participated in theinaugural World Bank green bond last year, also invested in thelatest World Bank green bond."For us as long-term investors, it is important to find responsibleinvestments targeted at the global climate challenges. The greenprojects supported by the World Bank green bond are an important stepin that direction", says Christina Kusoffsky Hillesöy, Head ofCommunication and Sustainable Investments at AP3 (Third SwedishNational Pension Fund).The World Bank issued its first green bonds in November 2008 for anamount of SEK 2,325 million. That issue marked the first time theWorld Bank had offered bonds to raise funds identified to a specificWorld Bank program. Since then the SEK issue has been increased twicewith new investors participating. The World Bank launched its secondgreen bond issue in April 2009, placing USD 300 million with theState of California Treasurer's office.This third green bond transaction brings the total amount raisedthrough World Bank green bonds to an equivalent of almost USD 800million. Warren Evans, Director of the Environment Department at the WorldBank, said "climate action in developing countries - specifically,mitigation and adaptation initiatives - will require importantfinancing by the international community, from both public andprivate sources. We're pleased to see continued investor support towhat the World Bank is carrying out in conjunction with our countrypartners; it's an indication that investors fully understand theinextricable link between development and climate change. Helping oneclearly helps the other.""The amounts involved in the negotiations on official climatefinancing are very small compared to the investment needs in emergingmarkets. Consequently, private financial flows must play the leadrole. But for that to happen, investments must be profitable. TheWorld Bank green bond provides a good investment and safe return,while offering investors the opportunity to actually help combatclimate change," said Klas Eklund, senior economist, SEB.Summary TermsAmount: USD 130,000,000Settlement Date: December 4, 2009Maturity date: December 4, 2013Issue price: 100.114%Redemption Amount: 100%Coupon: 2% per annumDenomination: USD 1,000Clearing systems: Euroclear, Clearstream, DTC, LuxembourgLead Manager: SEB acting through SEB Enskilda Inc N.Y.Co-lead manager: Credit Suisse AGFor more information on SEB and the World Bank Green Bonds, pleasevisit http://www.sebgroup.com andhttp://treasury.worldbank.org/cmd/htm/WorldBankGreenBonds.html.This press release is not an offer for sale of Notes of theInternational Bank for Reconstruction and Development ("IBRD"), alsoknown in the capital markets as "World Bank". Any offering of theNotes will be made only by means of a prospectus containing detailedinformation that will made available through SEB, the lead manager ofthe notes, and Credit Suisse AG, the co-lead manager of the notes,and is subject to restrictions under the laws of several countries.Securities may not be offered or sold except in compliance with allsuch laws.SEB is a Northern European financial group serving some 400,000corporate customers and institutions and five million privateindividuals. SEB offers universal banking services in Sweden, Germanyand the three Baltic countries - Estonia, Latvia and Lithuania. Italso has a local presence in the other Nordic countries, Ukraine andRussia and a global presence through its international network inleading financial centres. On September 30, 2009, the Group's totalassets amounted to SEK 2,233 billion and its assets under managementtotalled SEK 1,295 billion. The SEB Group has about 20,000 employees.Read more about SEB at www.sebgroup.com.The World Bank is a global development cooperative owned by itsmember countries. Its purpose is to help its members achieveequitable and sustainable economic growth in their economies and tofind solutions to regional and global problems in economicdevelopment and environmental sustainability, all with a view toreducing poverty and improving standards of living. The InternationalBank for Reconstruction and Development (IBRD), rated Aaa/AAA(Moody's/S&P) is owned by 186 countries. It is the oldest and largestentity in the World Bank Group and provides its members withfinancing, risk management products, and other financing services, aswell as specialized expertise and strategic and convening servicesrequested by its member countries. To fund this activity, IBRD hasbeen issuing World Bank bonds in the international capital marketsfor 60 years. The World Bank is one of the most recognized andinnovative borrowers in the international capital markets. Moreinformation about the World Bank and its activities in the capitalmarkets is available on the web at: www.worldbank.org/debtsecurities._____________________________________________For further information, please contact:SEBChristopher Flensborg, Coordinator, Capital Markets, SEB, +46 (0)85062 31 38, christopher.flensborg(at)seb.seElisabeth Lennhede, Press Officer, SEB +46 (0)8 763 9916, +46(0)70 763 99 16, elisabeth.lennhede(at)seb.seThe World BankJeff Brez, Communications, Sustainable Development, +1 202 458 7628,jbrez(at)worldbank.orghttp://hugin.info/1208/R/1359040/331132.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 03.12.2009 - 15:34 Uhr
Sprache: Deutsch
News-ID 9232
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