WASHINGTON D.C., September 4, 2025 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 5 billion Norwegian krone-denominated floating rate Sustainable Development Bond that matures on December 16, 2030.
The bond offers a quarterly coupon of 3-month NIBOR + 20 bps and was priced at 100%. Nordea and SEB acted as lead managers for the transaction.
The bonds were placed with investors in Scandinavia with bank treasuries accounting for 75% and asset managers with 25%.
"Today’s NOK 5 billion benchmark underscores the strong confidence investors place in World Bank bonds and our development mandate. We value our long-standing partnership with Nordic investors and are pleased to continue diversifying our funding in the Norwegian krone market to support the financing of sustainable development in our member countries,” said Andrea Dore, Head of Funding, World Bank Treasury.
Lead Manager Quotes
“Congratulations to the World Bank team on another fantastic NOK Sustainable Development Bond benchmark transaction! This is IBRD’s second NOK 5 billion benchmark transaction in 2025 – following a long 5-year transaction in January – and is another testament to broad and increasing investor demand for IBRD and sustainable bonds in the NOK market. Nordea is honoured to have served as a lead manager on this landmark transaction,” said Marcus Viitamäki, Head of SSA DCM, Nordea.
“Another stellar outing from the World Bank in Norwegian krone, taking the total issued amount in 2025 to NOK 10 billion, split over two transactions. This latest NOK 5 billion 5.25-year Sustainable Development Bond was met with strong demand from a broad range of investors, highlighting both the World Bank’s strong position in the Norwegian market and the growing appeal of high-quality sustainable investments. SEB is proud to have acted as joint lead manager on this landmark transaction,” said Anna Sjulander, Head of SSA DCM, SEB.
Transaction Summary
Issuer: | World Bank (International Bank for Reconstruction and Development, IBRD) |
Issuer rating: | Aaa/AAA (Moody's/S&P) |
Currency: | NOK |
Amount: | NOK 5,000,000,000 |
Settlement date: | September 16, 2025 |
Maturity date: | December 16, 2030 |
Issue price: | 100% |
Issue yield: | 3-month NIBOR + 20 bps |
Denomination: | NOK 10,000 |
Coupon: | 3-month NIBOR + 20 bps |
Listing: | Luxembourg Stock Exchange |
ISIN: | XS3178769041 |
Clearing system: | Euroclear/Clearstream |
Lead manager: | Nordea and SEB |
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 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 project or program.
Contact
Investor Relations and Sustainable Finance, World Bank Treasury
debtsecurities@worldbank.org
