This significant move is part of the World Bank's strategy to raise funds for sustainable development initiatives within its member countries, aiming to generate GBP 1.5 billion from global investors.
The Sustainable Development Bond features an annual coupon of 3.875 percent and an annual yield of 3.889 percent. Notably, the bond was priced at a spread of +31 basis points over the 1.625 percent UK gilt due in October 2028. The issuance was overseen by joint lead managers, including Citigroup, NatWest Markets, Santander, and TD Securities. Following its successful launch, the bond is set to be listed on the Luxembourg Stock Exchange.
Jorge Familiar, Vice President and Treasurer of the World Bank, expressed his satisfaction with the strong start to the new year. He emphasized the significance of the diverse range of currencies and tenors in bonds that support the World Bank's sustainable development mandate.
هذه القصة مأخوذة من طبعة January 06, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة January 06, 2024 من The Business Guardian.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
CJI PERMITS VIRTUAL HEARINGS, RULES OUT FULL ONLINE SHIFT
However, CJI did not allow top court to go fully online, affirms lawyers' option to appear virtually.
At 78.67 lakh, Metro records highesther dailyltidership
Metro recorded its highest-ever daily ridership, with an impressive 78.67 lakh passenger journeys, according to official data. This surpassed the previous record of 77.49 lakh passengers set on August 20 of this year.
BJP youth wing stages protest
The BJP Youth Wing held a protest at Anand Vihar Chowk, near Delhi's border, to highlight the alarming pollution levels in the capital.
Gopal Rai seeks PM's help on pollution
The AAP government in Delhi has urged the Prime Minister to expedite the process of implementing artificial rain in the capital.
SC dismisses bail petition after adjournment sought for 4th time
The Supreme Court in the case Nilesh Dnyaneshwar Desale Versus The State Of Maharashtra observed and has dismissed the petition filed seeking bail after adjournment was sought on the fourth occasion.
RAJASTHAN HIGH COURT IMPLEADS THEN JODHPUR COLLECTOR, SDO, TEHSILDAR IN ENCROACHMENT CASE; WARNS OF JAIL SENTENCE IF ORDERS ARE NOT FOLLOWED
The Jodhpur bench of Rajasthan High Court in the case Mahesh Kumar Pal v Mr. T. Ravikanth & Ors observed and has directed the petitioner to implead the then concerned Collector, Subdivisional Officer and Tehsildar to seek their stand, warning them of punishment which includes \"jail sentence\" if they don't pay heed to court orders.
Delhi air pollution: Supreme Court advises use of masks amid *severe*, air quality In Delhi-NCR
The Supreme Court in the case has issued strict adherence to preventive health measures, which includes wearing masks, as air quality in Delhi-NCR continues to deteriorate.
SC: Labour Court's factual finding should not be disturbed by Writ Court without a compelling reason
The Supreme Court in the case Ganapati Bhikarao Naik Versus Nuclear Power Corporation Of India Limited observed that the factual findings of a Labour Court should not be normally disturbed by a Writ Court without a compelling reason.
CASTE CENSUS: BRIDGING INEQUALITY OR DIVIDING INDIA?
The concept of a caste census is not new. Historically, the idea of enumerating castes has been intertwined with India's governance and social structures.
Calcutta High Court: Govt office is public property, any political party ransacking it must be appropriately charged
The Calcutta High Court in the case Amiruddin Versus The State Of West Bengal And Ors observed and took a strong objection wherein the petition is filed highlighting the alleged ransacking of a panchayat office by workers of a certain political party.
