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WASHINGTON, DC, August 20, 2025 - The International Development Association (IDA, Aaa/AAA) today made its debut in Australian dollar, with a 5-year Sustainable Development Bond that raised AUD 1.75 billion. The bond matures on August 29, 2030.
The bond has an annual coupon of 4% and an issue price of 99.978%. It was priced at +45.95 basis points over the 2.5% Australian government bond due May 2030, offering investors an annual yield of 4.005%. The lead managers are ANZ, Nomura, RBC, and TD.
“IDA’s inaugural Australian dollar transaction allows us to expand IDA’s investor base by reaching new markets and meeting the demand of global investors. IDA supports development projects in IDA member countries to eradicate extreme poverty and boost shared prosperity on a livable planet. We are helping member countries create jobs, expand access to electricity, improve health services, strengthen safety nets, and build resilience,” said Jorge Familiar, Vice President and Treasurer, World Bank.
Investor Distribution
| Distribution by Geography | Distribution by Investor Type | ||
| Europe / Middle East / Africa (EMEA) | 38% | Asset Managers / Insurances / Pension Funds | 44% |
| Australia | 37% | Banks / Bank Treasuries / Corporates | 32% |
| Asia | 24% | Central Banks / Official Institutions | 24% |
| Other | 1% |
Lead Manager Quotes
“IDA has priced their inaugural AUD 1.75 billion Kangaroo benchmark Sustainable Development Bond today, responding to demand from a diverse array of global investors, supporting IDA’s mission to end extreme poverty and boost shared prosperity on a livable planet. ANZ is proud to have been a joint lead manager for the transaction and congratulates the IDA team on this successful Kangaroo bond issue," said Darren Sloane, Executive Director Debt Syndicate, ANZ.
"IDA’s inaugural Kangaroo transaction marked the start to its benchmark funding program for the fiscal year 2026 and is supporting the institution’s mandate to end extreme poverty and boost shared prosperity in some of the poorest countries in the world. Nomura is proud to have been a part of this transaction and would like to congratulate the IDA team on their work to introduce IDA to a new market," said Mark Yeomans, Managing Director, Nomura.
"It was a pleasure and an honor to help facilitate IDA’s inaugural Kangaroo bond supporting some of the poorest countries in the world. It is clear that the World Bank Treasury’s funding and investor relations teams’ introduction of IDA to investors resonated with Australian dollar investors," said Harald Eikeland Head of APAC Syndicate, RBC.
"Congratulations to the IDA team on this inaugural foray to the Australian dollar market with a 5-year transaction demonstrating IDA's growing presence in capital markets and investors’ interest in supporting its mandate. We are honored to have worked on this transaction," said Apoorva Tandon, Head of Asia Origination & Syndicate, TD Securities.
Transaction Summary
| Issuer: | International Development Association (IDA) |
| Issuer rating: | Aaa/AAA |
| Format | Reg S – Registered Note |
| Amount: | AUD 1,750,000,000 |
| Settlement date: | August 29, 2025 |
| Maturity date: | August 29, 2030 |
| Issue price: | 99.978% |
| Issue yield: | 4.005% p.a. (semi-annual) |
| Coupon: | 4.000% p.a. payable semi-annually |
| Denomination: | AUD 1,000. The minimum consideration payable when offered or sold in Australia: AUD 500,000 |
| Listing: | Luxembourg Stock Exchange |
| Clearing systems | Austraclear / Euroclear / Clearstream |
| Lead managers: | ANZ, Nomura, RBC, and TD |
| ISIN: | AU3CB0325223 |
This press release does not constitute or form part of and should not be construed as an offer for sale or issue or the solicitation of an offer to buy or acquire the securities described in any jurisdiction or an inducement to enter into investment activity. No part of this press release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The offering and sale of the securities described in this document are subject to restrictions under the laws of several jurisdictions, including under the laws of Australia. Securities may not be offered or sold except in compliance with all such laws.
Net proceeds of the securities described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the securities described herein are not funded by any projects or programs.
About IDA
The International Development Association (IDA), rated Aaa/P-1 and AAA/A-1+ (Moody’s/S&P), is one of the largest sources of funding for fighting extreme poverty in the world’s poorest countries. Since its establishment in 1960, IDA has provided about USD400 billion for investments in over 100 countries. As an institution of the World Bank Group, IDA combines global expertise with an exclusive focus on reducing poverty and boosting prosperity. Proceeds of IDA bonds support sustainable development projects and programs in IDA eligible countries. Projects and programs supported by IDA are designed to achieve a positive social impact and undergo a rigorous review and internal approval process aimed at safeguarding equitable and sustainable economic growth. Information on IDA bonds is available at https://treasury.worldbank.org/IDAfunding
Contact
Heike Reichelt, Head of Investor Relations and Sustainable Finance, World Bank Treasury,
mailto: IDAInvestorRelations@worldbank.org
+1 202 477 2880
About The World Bank
The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global challenges. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.
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