World Bank raises €3 bln with 10-year sustainable development bond
The World Bank raised €3 billion through a 10-year euro-denominated Sustainable Development Bond maturing in ...
World Bank raises €3 bln with 10-year sustainable development bond
The World Bank raised €3 billion through a 10-year euro-denominated Sustainable Development Bond maturing in September 2036, drawing more than €6 billion in orders from over 115 investors.
The bond priced at an annual yield of 3.477%, equivalent to a 25.5-basis-point spread over the reference German Bund.
Credit Agricole, Citi, J.P. Morgan and Goldman Sachs acted as lead managers. The bond will be listed on the Luxembourg Stock Exchange.
Strong investor demand:
The transaction marks the World Bank’s return to the euro market with a 10-year Sustainable Development Bond and its first euro benchmark since July 2025.
“Returning to the euro market with a 10-year Sustainable Development Bond is a milestone that reflects the enduring confidence investors place in the World Bank’s mission and long-term financial strength,” said Jorge Familiar, Vice President and Treasurer of the World Bank Group.
He added that the more than €6 billion order book reflects investors’ recognition of the “positive, lasting impact” supported by the programs financed through the bank’s bonds.
Bankers point to market strength:
Citi’s Ebba Wexler said the transaction was “a resounding success,” noting that it was the first euro-denominated 10-year SSA benchmark issued after the summer break and attracted one of the World Bank’s strongest euro order books.
Credit Agricole’s Benjamin Moulle highlighted the transaction’s performance despite a “tense geopolitical context and highly volatile yield environment,” saying the bank secured a large and well-diversified order book with limited concession.
Goldman Sachs’ Dorothee Amar said the transaction demonstrated the World Bank’s “strategic prowess in the EUR market” and supported its global mission to finance sustainable development.
J.P. Morgan’s Sarah Lovedee said the deal established a “new liquid 10-year point” on the World Bank’s euro curve, with demand exceeding €6 billion from a diverse investor base.
Backing sustainable development:
The World Bank, through the International Bank for Reconstruction and Development (IBRD), uses proceeds from its Sustainable Development Bonds to support development programs and projects in member countries.
The latest transaction strengthens the bank’s euro funding position while tapping deep investor demand for highly rated supranational debt and securities linked to sustainable development.
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