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WASHINGTON, D.C., August 26, 2026 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 6.3-year British pound sterling (GBP) benchmark maturing in November 2032. The Sustainable Development Bond raised GBP 1.25 billion from investors globally to support the financing of the World Bank’s sustainable development activities in member countries.
The bond offers an annual coupon of 4.750% and an annual yield of 4.766%. It was priced at +9.9 basis points over the 4.250% UK Gilt due June 2032. Barclays, Citi, and Santander are joint lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.
“The reception from sterling investors for this Sustainable Development Bond has been exceptional, complementing the World Bank's benchmark transactions in USD, EUR this month," said Jorge Familiar, Vice President and Treasurer, World Bank Group. "The confidence that private investors place in the World Bank translates into resources that support the programs and projects that improve lives, expand opportunity, and build a more resilient future for people."
Investor Breakdown by Type
| By Geography | By Investor Type | ||
| United Kingdom | 89% | Banks/Bank Treasuries/Corporates | 78% |
| Europe/Middle East/Africa | 6% | Asset Managers/Insurance/Pension Funds | 20% |
| Americas | 5% | Central Banks/Official Institutions | 2% |
Lead Manager Quotes
“Congratulations to the World Bank for once again delivering a highly successful transaction. Demand in excess of GBP 1.9 billion supported a GBP 1.25 billion print. At +9.9 basis points over the June 2032 Gilt, this represented IBRD's tightest ever GBP fixed rate spread on both measures, affirming IBRD's leading position in the Sovereign, Supranational and Agency (SSA) market and continuous support from the global investor base for its development mission. Barclays was honored to have been able to support this transaction and the critical work of the World Bank,” said Alex Paterson, Managing Director, Head of SSA DCM, Barclays.
“On behalf of Citi, congratulations to the World Bank on a successful sterling benchmark outing, marking the first Tier 1 SSA issuer to reopen the GBP market following the summer break. The strong, high-quality orderbook and broad investor participation underscore the market's continued confidence in IBRD's credit and its mission to finance sustainable development across emerging economies," said Ebba Wexler, Head of SSA DCM, Citi.
“Santander congratulates the World Bank on a highly successful return to the sterling market and a strong start to its new funding year. The robust and diverse investor demand further reinforces IBRD’s GBP curve and underscores the depth of demand of support World Bank enjoys in this market. Santander was delighted to have been involved," said Sean Taor, Head of EMEA DCM and Syndicate at Santander.
Transaction Summary
| Issuer: | World Bank (International Bank for Reconstruction and Development, IBRD) |
| Issuer rating: | Aaa /AAA |
| Amount: | GBP 1,250,000,000 |
| Settlement date: | September 4, 2026 |
| Maturity date: | November 15, 2032 |
| Issue price: | 99.933% |
| Issue yield: | 4.766% annual |
| Denomination: | GBP 1,000 |
| Coupon: | 4.750% annually |
| Coupon payment dates: | Annually on November 15 |
| ISIN: | XS3487947957 |
| Listing: | Luxembourg Stock Exchange |
| Clearing system: | Euroclear / Clearstream |
| Lead managers: | Barclays Bank PLC, Citigroup Global Markets Limited, and Banco Santander, S.A. |
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.
Investor Relations, Ratings, and Sustainable Finance, World Bank Group Treasury
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