World Bank
World Bank’s 10-Year EUR Sustainable Development Bond Attracts Strong Demand from Diverse Investors
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 10-year euro-denominated benchmark bond maturing in February 2034, raising EUR 3 billion.
The transaction attracted over 100 orders totaling EUR 4.7 billion, appealing to European and global investors seeking high credit quality and an investment that supports sustainable development at the longer end of the EUR curve.
BNP Paribas, NatWest Markets, Nomura, and TD Securities are the lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.
The bond priced with a final spread to euro mid-swaps of +23 basis points and an equivalent annual yield of 2.932%. This equates to a spread vs. the reference Bund of +60.8 basis points.
“The World Bank is delighted with the outstanding response from European and international investors for our 10-year Euro bond,” said Jorge Familiar, Vice President and Treasurer, World Bank. “Investors’ keen interest in a safe and liquid investment product combined with their interest in positive impact makes World Bank Sustainable Development Bonds an exceptional fit for their portfolios.”