Financing

Scotiabank: Joint Lead Manager on C$1Billion World Bank debt offering to benefit Women and Youth

August 2, 2018

 

On July 26, 2018 Scotiabank proudly served as one of three joint lead managers on a C$1 billion Sustainable Development Bond issued by the World Bank. This offering helps to further develop the market for Socially Responsible Investments (SRIs) in Canada, as issuers respond to the growing needs of investors in this sector.

 

This new issue was well oversubscribed by investors, with strong ‘global’ representation from North America, Europe, and Asia. The bond will provide developmental opportunities for women and youth – two of the Bank’s priority areas – and support them in building more prosperous futures.

 

The five-year benchmark bond stems from the World Bank’s initiative to raise awareness about the importance of investing in the health and nutrition of women, adolescents and children. This initiative is strongly aligned with Scotiabank’s commitment to create a better life for the people that we serve around the world.

 

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