The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has successfully priced a 10-year EUR benchmark bond maturing in July 2035. The Sustainable Development Bond raised EUR 3 billion from global investors to support the financing of sustainable development initiatives in World Bank member countries.
The bond was priced at a spread of mid-swaps +38 basis points, resulting in an annual yield of 3.037%. In relation to the reference Bund, the spread equates to +34.4 basis points. Barclays, Goldman Sachs, LBBW, and Morgan Stanley acted as joint lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.
This issuance marks the largest order book ever recorded for a EUR-denominated IBRD benchmark bond. It also contributes to the World Bank’s broader financing strategy, which has already mobilized over USD 8 billion in various markets early in the new fiscal year to support sustainable development efforts.
