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WASHINGTON, D.C., July 16, 2026 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.5 billion Sustainable Development Bond linked to the Secured Overnight Financing Rate (SOFR Index), maturing on July 27, 2033.
The transaction attracted 70 orders with an order book of over USD 3.5 billion from a diverse set of investors seeking a high credit quality investment while supporting sustainable development. The 7-year SOFR-index linked note pays a coupon of Compounded SOFR +38 basis points (bps).
BofA Securities, National Bank of Canada Financial Inc, Scotiabank, and TD Securities are the lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.
"The strong investor response to this SOFR benchmark is a great start to the World Bank’s US dollar benchmark issuance for the fiscal year," said Jorge Familiar, Vice President and Treasurer, World Bank Group. "The broad investor demand for this floating rate benchmark reflects their recognition of the World Bank Group's mission to drive sustainable development, while also offering them a broad range of opportunities at multiple points along the yield curve."
| Investor Breakdown by Type | |
| Banks/Bank Treasuries/Corporates | 90% |
| Asset Managers/Insurance/Pension Funds | 6% |
| Central Banks/Official Institutions | 4% |
| Investor Breakdown by Geography | |
| Americas | 34% |
| Europe/Middle East/Africa | 40% |
| Asia | 26% |
Lead Manager Quotes
“Congratulations to the World Bank team on another successful Floating Rate Note (FRN) outing. The World Bank's regular and diverse issuance across such an extensive maturity spectrum has established its name as a key benchmark for both investors and issuing peers. BofA was delighted to be part of this transaction that attracted such high-quality demand,” said Adrien de Naurois, Co-head of EMEA DCM, BofA Securities, Merrill Lynch International.
“Congratulations to the World Bank on the successful execution of its most recent USD 7-year SOFR-linked FRN, which attracted strong international demand. The World Bank continues to be a market leader, and the transaction was well received by investors seeking assets with sustainable development positive impact. The NBF team was thrilled to partner with the World Bank on this exceptional transaction,” said Scott Graham, Managing Director & Head, International Government Finance, NBC Paris.
“Scotiabank congratulates the World Bank on the successful execution of its USD 1.5 billion 7-year SOFR-Linked FRN, the first benchmark USD transaction of its new fiscal year. The high-quality, globally diversified orderbook underscores the World Bank’s exceptional credit strength and the strong support that it has from investors worldwide. We were pleased to support this important transaction,” said Gary Israel, Managing Director, Sovereign, Supranational, and Agency (SSA) Debt Capital Markets (DCM), Scotiabank.
“The World Bank has once again demonstrated its ability to execute successfully in a unique segment of the SOFR curve. Achieving this level of demand and pricing performance is a significant accomplishment, and TD is pleased to have joint led the transaction,” said Paul Eustace, Global Head of SSAs, TD Securities.
| Transaction Summary | |
| Issuer: | World Bank (International Bank for Reconstruction and Development) |
| Issuer rating: | Aaa / AAA (Moody’s/S&P) |
| Amount: | USD 1,500,000,000 |
| Settlement date: | July 27, 2026 |
| Maturity date: | July 27, 2033 |
| Coupon: | Compounded SOFR + 38 bps |
| Coupon payment dates: | January 27, April 27, July 27 and October 27 in each year |
| Issue Price: | 100.00% |
| Denomination: | USD 1,000 |
| ISIN: | US459058MB69 |
| Clearing systems: | Fedwire, Euroclear, Clearstream |
| Listing | Luxembourg Stock Exchange |
| Joint lead managers: | BofA Securities, National Bank Canada Financial Inc, Scotiabank, and TD Securities |
| Co-lead manager: | Castle Oak Securities |
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 in line with its mission to end extreme poverty and boost 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 about World Bank Sustainable Development Bonds is available on the World Bank investor website and also in the World Bank’s Sustainable Development Bond Framework and Impact Report.
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 investor website, the World Bank Sustainable Development Bond Framework, the World Bank 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, Ratings, and Sustainable Finance, World Bank Group Treasury
debtsecurities@worldbank.org
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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