A hand pointing to a screen with data on it

BMO helps World Bank raise $8 billion for global pandemic response


With BMO Capital Markets acting as joint lead manager, the World Bank has issued a landmark USD $8 billion dollar, five-year sustainable development bond. It is the largest-ever U.S. dollar-denominated bond issued by a supranational organization – an international body with regulatory authority over its member states.

Capital from the bond sale will help fund the World Bank’s global coronavirus response, with a focus on:

  • Strengthening healthcare systems in developing countries
  • Supporting local COVID-19 communication campaigns
  • Reducing the economic impact of the pandemic by protecting the poor and vulnerable, supporting local businesses and building economic resilience

Dan Barclay, CEO and Group Head, BMO Capital Markets, called global investor response “overwhelming,” and expressed BMO’s pride in contributing to the record-breaking transaction. “During this unprecedented time, it is an honour to work with the World Bank again on another influential transaction,” said Dan. “Strengthening existing health systems in developing countries is part of the World Bank’s fast track approach and is aligned with our priorities and purpose at BMO for community involvement during the COVID-19 pandemic. We are proud to be a part of this global solution.”

Read about our earlier collaborations on World Bank bonds here and here.

Read more about the relationship between COVID-19 and sustainable finance.

Learn more about sustainable finance at BMO.

BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. (member FDIC), Bank of Montreal Europe p.l.c, and Bank of Montreal (China) Co. Ltd and the institutional broker dealer businesses of BMO Capital Markets Corp. (Member FINRA and SIPC) in the U.S., BMO Nesbitt Burns Inc. (Member Investment Industry Regulatory Organization of Canada and Member Canadian Investor Protection Fund) in Canada and Asia, Bank of Montreal Europe p.l.c. (authorised and regulated by the Central Bank of Ireland) in Europe and BMO Capital Markets Limited (authorised and regulated by the Financial Conduct Authority) in the UK and Australia.

 

 



Related Insights



Green space with cityscape in the background BMO named to the top ten of Corporate Knights’ 2020 Canada’s Best 50 Corporate Citizens list
Corporate social responsibility, Environmental stewardship

BMO has been named to the top ten of Corporate Knights’ 2020 Canada’s Best 50 Corporate Citizens list. Ranked first among the major banks and ninth overall, BMO was recognized for its sizable portfolio of sustainable loans, as well as its enterprise-wide commitment to creating a sustainable future throughout its operations. Learn more by visiting […]

A healthcare worker with a mask is putting on gloves Sunnybrook COVID-19 treatment clinical trial supported by donors including BMO
Community giving, Response

Sunnybrook’s community of donors has come together to quickly raise over $1 million for a promising pan-Canadian COVID-19 clinical trial being coordinated by a research team at Sunnybrook Health Sciences Centre in Toronto. BMO Financial Group is the lead financial services donor to Sunnybrook’s CONCOR-1 efforts. The Convalescent Plasma for COVID-19 Research (CONCOR-1) trial is […]

BMO and Bloomberg partner to host Sustainable Finance Week
Corporate social responsibility, Sustainable finance

BMO is proud to be the exclusive Canadian sponsor of the upcoming Bloomberg Sustainable Finance Week (SFW), which runs from December 2 to 6. The event brings together market-moving players across the world to discuss emerging trends and visionary ideas for this growing industry. In the last 10 years alone, sustainable assets under management grew […]