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London, July 8, 2026 – The International Finance Corporation (IFC, Aaa/AAA), a member of the World Bank Group, today priced its inaugural EUR benchmark bond, a EUR 1 billion 7-year green bond. The landmark transaction marks IFC’s first-ever benchmark issuance in the EUR market.
The transaction generated strong interest from 56 investors, with the orderbook reaching EUR 2.7 billion and demonstrating robust demand for EUR-denominated green bonds. It represents a significant step in the evolution of IFC’s funding program, further diversifying its investor base among investors seeking liquid EUR-denominated bonds while mobilizing capital for private sector projects that drive economic growth, job creation, and positive environmental outcomes in developing countries.
Joint Lead Managers for the transaction were Barclays, BNP Paribas, Credit Agricole CIB, and TD Securities. The bond carries a semi-annual coupon of 3.125%, priced at +24.7 basis points over the reference DBR 2.3% February 2033 benchmark, and will be listed on the Luxembourg Stock Exchange.
“This inaugural EUR benchmark expands IFC’s access to investors in Europe seeking high-quality, liquid, sustainable-labeled bonds denominated in euro,” said Jorge Familiar, Vice President and Treasurer, World Bank Group. “By raising capital efficiently across global markets, we are expanding financing for private sector projects that create jobs, foster sustainable growth, and generate positive environmental outcomes in developing economies.”
Investor Distribution by Type
Central Banks/Official Institutions: 70%
Banks/Bank Treasuries/Corporates: 17%
Asset Managers/Insurance/Pension Funds: 13%
Investor Distribution by Geography
Europe and Middle East/Africa (EMEA): 69%
Asia: 23%
United Kingdom: 8%
The transaction follows two highly successful benchmark bond issuances earlier this fiscal year—a USD 2 billion 5-year green bond and a AUD 1.5 billion 5.5-year bond, IFC's largest-ever Australian dollar issuance. Together, these transactions demonstrate IFC's continued ability to access diverse global investor bases.
With this landmark EUR benchmark, IFC continues to build on its position as a leading multilateral green bond issuer, connecting global investors with sustainable investment opportunities in developing countries.
The new issuance is IFC's second transaction under its updated Green Bond Framework, published in July 2026. The framework received a Second Party Opinion from S&P Global Ratings, which confirmed its full alignment with the Green Bond Principles published by the International Capital Market Association.
Proceeds from IFC’s green bonds support the financing of projects that address a diverse range of environmental objectives, including adaptation and resilience, biodiversity and nature, ocean and water protection, climate change mitigation, and a circular economy. The updated framework highlights outcomes such as quality jobs, resilient livelihoods, and inclusive economic participation as integral components of climate-smart business.
“This highly successful inaugural EUR 1 billion 7-year green bond is a great result for the IFC team. Achieving a high-quality orderbook from a diverse range of investors in a competitive and volatile market environment is a powerful endorsement of IFC's credit strength, its updated Green Bond Framework and the growing investor appetite for high-quality sustainable investments. As IFC's debut EUR benchmark, this landmark transaction broadens the institution's funding platform and investor base, further enhancing its ability to mobilize capital for projects that support sustainable development. Barclays is proud to have partnered with IFC on this significant milestone,” said Alex Paterson, Managing Director, Head of SSA DCM, Barclays.
“Congratulations to the IFC funding team on its debut benchmark issuance in EUR. The strategic expansion into this market enhances IFC’s ability to secure attractive, large-scale funding while further diversifying its investor base. IFC’s robust credit fundamentals, green credentials and established capital markets presence — bolstered by strong marketing efforts — were clearly reflected in the substantial order book, driven primarily by high-quality accounts but also with a wide range of investor types. BNP Paribas is delighted to have supported IFC in this important milestone,” said Jamie Stirling, Managing Director, Global Head SSA DCM, BNP Paribas.
“After extensive work with EUR investors as well as Sustainable Finance analysts, IFC has been able to launch a very successful inaugural EUR 1 billion 7-year green transaction. Receiving a solid oversubscription as well as large orders from leading investors looking for labelled bonds in Europe in a very volatile market is a strong statement and positions IFC well for future EUR issuances. We would like to congratulate the IFC team for this great outcome and are very proud to have assisted the issuer as a joint lead manager," said Benjamin Moulle, Managing Director, Global Head of SSA DCM, Credit Agricole.
“We congratulate the IFC team on a successful EUR debut. This milestone transaction demonstrates IFC’s global investor appeal and marks the beginning of its EUR funding journey. TD is delighted to have partnered on the trade,” said Paul Eustace, Managing Director, Global Head of SSA, TD Securities.
IFC Inaugural EUR Benchmark Terms
| Issuer: | International Finance Corporation (IFC) |
| Issuer rating: | Aaa / AAA (Moody’s / S&P) |
| Amount: | EUR 1 billion |
| Pricing Date: | July 8, 2026 |
| Settlement date: | July 15, 2026 |
| Maturity date: | August 15, 2033 |
| Issue price: | 99.952% |
| Issue yield: | 3.132% |
| Coupon: | 3.125% |
| ISIN: | XS3440163569 |
| Listing: | Luxembourg Stock Exchange |
| Clearing system: | Euroclear / Clearstream |
| Lead Managers | Barclays, BNP Paribas, Credit Agricole CIB, TD Securities |
IFC complements its public issuance by accessing a variety of different markets, including through private placements and thematic bonds, such as green bonds to support climate-smart business, and social bonds that fund IFC projects to help underserved people in developing countries with limited access to essential services. IFC also issues local-currency bonds to develop local capital markets and to fund local-currency investments.
About IFCIFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. IFC provides financing to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet.
For more information, visit www.ifc.org.
DisclaimerThis press release is not an offer for sale of securities of the International Finance Corporation ("IFC"). Any offering of IFC 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 IFC or on behalf of IFC, and is subject to restrictions under the laws of several countries, including the laws of the European Union. Securities issued by IFC may not be offered or sold except in compliance with all such laws. None of the information set forth herein are part of, or incorporated by reference into, the offering documentation.
Under no circumstances shall IFC or its affiliates be liable for any loss, damage, liability, or expense incurred or suffered which is claimed to have resulted from use of this material, including without limitation any direct, indirect, special, or consequential damages, even if IFC has been advised of the possibility of such damages.
For additional information concerning IFC, please refer to IFC’s current “Information Statement”, financial statements and other relevant information available at www.ifc.org/investors.
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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