The World Bank plans to issue bonds denominated in the IMF's Special Drawing Rights (SDRs) this week in China, Bloomberg reported on August 23. The notes will be priced on Wednesday, it said, citing anonymous sources.
The People's Bank of China, China's central bank, has approved the issue, which would be the first of its kind for the World Bank, according to a statement posted on the lender's website on August 12. The size of the issue will be 2 billion SDRs ($2.8 billion), according to the statement.
