World Bank plans to issue up to $1bn in hybrid note following AfDB, G20 encouragement for hybrid financing.
The World Bank plans to issue up to $1bn in its debut hybrid note on capital markets this year, following the African Development Bank's (AfDB) sale of a hybrid capital note in January. The G20 group of major economies has urged multilateral lenders to explore hybrid financing structures to boost balance sheets and fund developing economies in crisis, such as climate change. The World Bank will become the second multilateral lender to issue such an instrument, aiming for a potential pilot transaction this year.
April 02, 2024
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