Question
The International Bank for Reconstruction and
Development (IBRD), has successfully priced a 5-year bond in Great British Pound sterling (GBP) set to mature in October 2028 which aims to raise GBP ________ from investors, contributing to financing sustainable development initiatives in World Bank member countries.Solution
The International Bank for Reconstruction and Development (IBRD), representing the World Bank, has successfully priced a 5-year bond in Great British Pound sterling (GBP) set to mature in October 2028. The Sustainable Development Bond aims to raise GBP 1.5 billion from investors, contributing to financing sustainable development initiatives in World Bank member countries.
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