The World Bank announced that it has priced a USD 4 billion benchmark bond maturing in August 2033 and a EUR 3 billion benchmark bond maturing in September 2036. The World Bank’s sustainable development bonds support the financing of sustainable development projects and programs that aim to end extreme poverty and boost shared prosperity on a livable planet, accelerate the SDGs, and enable positive social and environmental outcomes in countries.

The World Bank reported robust demand for the USD bond, with more than 150 investor orders amounting to over USD 11 billion. The investor orders are “primarily driven by bank treasuries, central banks/official institutions, and asset managers,” according to a press release. At 43%, these make up the largest share. Central banks and official institutions account for 30% of investor orders, followed by asset managers, insurance, and pension funds (27%).

In terms of geographical distribution, the largest group of investors comes from Europe/Middle East/Africa (EMEA) (42%), followed by the Americas (38%) and Asia (20%).

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The bond’s lead managers are Bank of America, Morgan Stanley, Nomura, and TD Securities. The bond pays a semi-annual coupon of 4.5% and offers a spread of 3.9 basis points versus the reference US Treasury. It will be listed on the Luxembourg Stock Exchange.

“This 7-year Sustainable Development Bond demonstrates the confidence that high-quality investors place in the World Bank’s mission and its ability to mobilize capital for sustainable development,” said Jorge Familiar, Vice President and Treasurer, World Bank Group. “The quality of the orderbook reflects investors’ recognition of the World Bank’s financial strength and the positive impact of the programs these bonds support,” he underscored.

Shortly after the USD 4 billion bond issuance, the World Bank priced another, euro-denominated benchmark bond. The investor makeup is similar to the USD bond, with the largest group being banks, bank treasuries, and corporates (55%), followed by central banks and official institutions (29%) and asset managers, insurance, and pension funds (16%).

Most of investors in the euro-bond are from Europe (81%), with one-tenth coming from the Americas and 9% from Asia.

“An order book of over EUR 6 billion speaks to investors’ recognition of the positive, lasting impact the programs these bonds support deliver for people around the world,” said Familiar, highlighting the issuance of the Euro bond as a milestone.

The World Bank announced the pricing of the USD bond on 18 August and of the Euro bond on 25 August 2026. [World Bank Press Release on USD Bond] [World Bank Press Release on Euro Bond] [World Bank Bonds]