World Bank | World Bank’s USD 7-Year Sustainable Development Bond Meets Strong Demand from High-Quality Investors

WASHINGTON, D.C., August 18, 2026 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 4 billion benchmark bond that matures in August 2033.

With more than 150 investor orders, the transaction attracted over USD 11 billion in high-quality investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers.

The lead managers are Bank of America, Morgan Stanley, Nomura, and TD Securities. The bond pays a semi-annual coupon of 4.50%, offers a spread of 3.9 basis points versus the reference US Treasury. It will be listed on the Luxembourg Stock Exchange.

“This 7-year Sustainable Development Bond demonstrates the confidence that high-quality investors place in the World Bank’s mission and its ability to mobilize capital for sustainable development,” said Jorge Familiar, Vice President and Treasurer, World Bank Group. “The quality of the orderbook reflects investors’ recognition of the World Bank’s financial strength and the positive impact of the programs these bonds support.”

Investor Breakdown by Type

Investor Breakdown by Geography

Lead Manager Quotes

“Congratulations to the World Bank on an impressive return to the USD market and its first USD benchmark of the new fiscal year. The USD 4 billion print was met with strong investor demand, highlighting the enduring strength of the World Bank’s relationship with its global investor base and the market’s continued support for its sustainable development mandate. Bank of America is delighted to have played a role in the successful execution of this landmark transaction,” said Kamini Sumra, Managing Director, BofA Securities.

“We congratulate the World Bank team on a highly successful return to the USD market for a   a stellar USD 4 billion 7-year trade. Again, the World Bank has demonstrated its strength with a high-quality diversified orderbook with strong demand from the outset that kept growing throughout the transaction. The deal is a true reflection of the issuer’s standing amongst the investor community. Morgan Stanley was honoured to have supported the World Bank in this syndication,” said Ben Adubi, Head of Sovereign, Supranational and Agency (SSA), Morgan Stanley.

“The World Bank has once again demonstrated true market leadership, opening the post summer markets.  Investors and issuers always take comfort in the capital markets when the World Bank demonstrates the strength of the market,” said Spencer Dove, Managing Director, Head of SSA Debt Capital Markets, Nomura.

“Another outstanding benchmark transaction from the World Bank – and its second fixed-rate USD offering of 2026. Reopening the USD primary markets after the summer break highlights the continued global appeal of the World Bank name, especially for duration tenors,” said Paul Eustace, Global Head of SSA, TD Securities.

Transaction Summary

About the World Bank Group

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.

Compliments of the World Bank