- International Bank for Reconstruction and Development (IBRD), a constituent of the World Bank has priced a new USD 600 million 10-year benchmark bond linked to the SOFR index. This issuance marks a milestone for the SOFR transition process
- The bond will be used to finance the World Bank’s sustainable development activities, including the response to the overall impact of the COVID-19 pandemic
- http://www.worldbank.org/en/news/press-release/2021/02/04/in-milestone-for-sofr-market-world-bank-prices-longest-floating-rate-benchmark
