WASHINGTON, D.C., July 10, 2025 – Today, the World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced its first USD transaction of the of the 2026 fiscal year, adding USD 1.5 billion to its October 2030 bond referencing the Secured Overnight Financing Rate (SOFR) Index, bringing the total outstanding amount to USD 2.25 billion. The original SOFR-linked transaction was USD 500 million, issued in September 2023, and was increased in May 2025 to USD 750 million.
This reopening reflects strong investor demand for high-quality, liquid assets and underscores IBRD’s ongoing commitment to the floating rate market linked to SOFR. SOFR is a rate based on transactions in the U.S. Treasury repurchase market and an alternative reference rate to USD LIBOR.
The bond matures on October 4, 2030, and pays a coupon of Compounded SOFR + 46 basis points (resetting daily and paid quarterly). BMO Capital Markets, CIBC Capital Markets, and Scotiabank acted as joint lead managers of the transaction.
Investor Breakdown by Type
By Geography |
| By Investor Type |
|
Europe, Middle East, Asia | 49% | Banks/Bank Treasuries/Corporates | 91% |
Americas | 38% | Asset Managers/Insurance/Pension Funds | 6% |
Asia | 13% | Central Banks/Official Institutions | 3% |
Transaction Summary
Issuer: | World Bank (International Bank for Reconstruction and Development, IBRD) |
Issuer rating: | Aaa /AAA |
Notional amount: | USD 1,500,000,000 (new outstanding amount USD 2,250,000,000) |
Settlement date: | July 17, 2025 |
Maturity date: | October 4, 2030 |
Issue price: | 100.145% |
Coupon: | Compounded SOFR + 46 bps |
Coupon Payment Dates: | January 4, April 4, July 4, October 4 |
Re-Offer Spread: | SOFR + 43 bps |
ISIN: | US459058KX08 |
Listing: | Luxembourg Stock Exchange |
Clearing system: | Fedwire, Euroclear, Clearstream |
Lead managers: | BMO Capital Markets, CIBC Capital Markets, Scotiabank |
About the World Bank
The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization. Created in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to end extreme poverty and promote shared prosperity on a livable planet. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing bonds in the international capital markets for over 75 years to fund programs and activities that achieve a positive impact. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association. More information on the World Bank’s Sustainable Development bonds is available at www.worldbank.org/debtsecurities and in the World Bank’s Sustainable Development Bond Impact Report that describes how the World Bank engages with investors and raises awareness for specific development challenges.
Disclaimers
This press release is not an offer for sale of securities of the International Bank for Reconstruction and Development ("IBRD"), also known in the capital markets as "World Bank". Any offering of World Bank securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries. World Bank securities may not be offered or sold except in compliance with all such laws. The World Bank Sustainable Development Bond Framework, the World Bank’s Sustainable Development Bond Impact Report, and the information set forth therein are not a part of, or incorporated by reference into, the offering documentation.
Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the bonds described herein are not funded by any project or program.
Contact
Investor Relations and Sustainable Finance, World Bank Treasury, debtsecurities@worldbank.org
