World Bank Launched AUD 340 Million Australian Dollar Bond While Highlighting Biodiversity and Sustainable Development
he World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) launched a 10-year AUD 340 million Australian Dollar Bond due 21 April 2033 while engaging with investors on the World Bank’s strategy, projects, and programs that support developing countries in the sustainable management of biodiversity and ecosystem services and integrating nature in development.
The deal was placed with asset managers, banks, bank treasuries, and official institutions in Asia. ANZ acted as lead manager for the transaction.
Biodiversity is critical to sustainable development, climate resilience, and human well-being. Animal, plant, and marine biodiversity comprise the “natural capital” that keeps our ecosystems functional and economies productive. Half of the world’s GDP depends on biodiversity and ecosystem services which include things like fresh water and timber, carbon storage and sequestration, natural landscapes that support tourism, and soil formation. With a steep decline in natural capital in the last 50 years, at least one million species are threatened with extinction. An estimated US$700 billion/year is needed to reverse the loss of biodiversity and ecosystem services by 2030.
The World Bank is helping countries place nature at the core of development through investment in conservation, policy dialogue, analytical work, and capacity to convene partners and additional funding. World Bank projects are helping countries integrate nature-based solutions in transport and urban development, agriculture, forestry, and fisheries; and in a variety of projects like watershed management, integrated coastal management, and protected areas that maintain or enhance ecosystem services while helping countries achieve their development goals and climate change commitments.
Transaction Summary
Issuer:
World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating:
Aaa /AAA (Moody’s/S&P)
Amount:
AUD 340 million
Settlement date:
21 April 2023
Maturity date:
21 April 2033
Issue price:
99.96 %
Denomination:
The minimum consideration payable when issued in Australia will be
AUD 500,000 with denominations of AUD 1,000 thereafter
Coupon:
4.20% per annum payable semi-annually in arrear
ISIN:
AU3CB0298545 / 261098563
Clearing system:
Austraclear / Euroclear / Clearstream
Lead manager:
ANZ
Deutsche Bank partners with the United Nations Decade of Ocean Science for Sustainable Development in Germany
Deutsche Bank announced it has become the first German bank to become an official network partner for the German Ocean Decade Committee, after signing a memorandum of understanding to actively support the United Nations Decade of Ocean Science and Sustainable Development (UN Ocean Decade) in Germany.
The partnership with the German Ocean Decade Committee aims to promote ocean literacy in Germany, raise awareness of the ten challenges outlined by the UN Ocean Decade and to act as a link between German and international Ocean Decade activities.
This is the latest partnership for Deutsche Bank in support of the ocean. Last year Deutsche Bank became the first bank to join the Ocean Risk and Resilience Action Alliance (ORRAA) as a full member. In February this year Deutsche Bank’s International Private Bank (IPB) opened its new Deutsche Bank Ocean Resilience Philanthropy Fund for global contributions.
Global Head of the IPB and CEO EMEA, Claudio de Sanctis, said: “Home to 80 percent of all life on earth, the ocean is the planet’s greatest carbon sink and absorbs 90 percent of the excess heat generated by greenhouse gas emissions. A healthy ocean is vital for a healthy planet. Like our partnership with ORRAA, Deutsche Bank is pleased to partner with the German Ocean Decade Committee to raise awareness about the ecological importance of the ocean and promote ocean conservation.”
Deutsche Bank’s IPB has made the ocean a strategic priority in its Environmental, Social and Governance (ESG) strategy, and the Private Bank’s Chief Investment Office prioritises research into the ocean and biodiversity loss.
Global Head of the Private Bank’s Chief Investment Office, Markus Müller, said: “Marked by rising sea levels, pollution and biodiversity loss, the ocean and its biosphere are under severe threat. As the first German banking partner for the German Ocean Decade Committee, Deutsche Bank welcomes the opportunity to take an active role in developing ocean literacy.”
Partnering with the German Ocean Decade Committee will see Deutsche Bank and its Chief Investment Office participate in forums and share insight into the economic and investment implications of ocean health. In March, Markus Müller participated in an online forum on ocean literacy for the finance sector, hosted by UNESCO, the Intergovernmental Oceanographic Commission, and the Swedish Government as part of the Ocean Decade.
“Our clients tell us they want to create positive change in the world, as they create a legacy for the future. Partnering with the Ocean Decade is our commitment to supporting ocean sustainability, and helping to preserve the ocean and its biosphere for future generations,” added Claudio de Sanctis.
Source: www.db.com / Photographs courtesy of Pedro Carrillo-Montero from the IPB in Spain