Citi Private Bank has acted as the sole structurer and arranger on the World Bank’s (International Bank for Reconstruction and Development or IBRD) $100 million 5-year bond.

The bond will support both the IBRD’s ongoing sustainable development and Covid-19 activities. It adds a new feature to support similar efforts by the United Nations Children’s Fund (UNICEF).

As countries confront the economic challenges of the pandemic, which has affected millions of children worldwide, the issuance will give an amount equivalent to half of the total proceeds, $50 million, to UNICEF.

This frontloading of financing t...