Targeting its anti-poverty efforts the World Bank, last year, issued a $6.5 billion dual tranche sustainable development bond to support projects that promoting shared prosperity on a liveable planet.

Projects supported are designed to achieve positive social and environmental impacts and outcomes, says the issuer. They include; climate mitigation and adaption, holistic water management, biodiversity conservation, support for countries transitioning away from coal to cleaner energy sources, access to affordable housing and education, food security, nutrition, childhood development and healthcare among others.

One tranche comprises of a $3 billion two-year tenor, with the second being a $3.5 billion 10-year benchmark. The deal attracted an orderbook of $22.7 billion the largest ever obtained by the World Bank.

The bond was issued under the World Bank's Sustainable Development Bond Framework, which aims to; serve clients in low- and middle-income countries, mobilise finance for development, and expand the use of private sector solutions, lead on global issues; and improve the ways it does business.