The World Bank Group’s International Finance Corporation priced a GBP 500 million, long five-year floating rate note at SONIA plus 30 basis points, marking its first SONIA linked issuance since 2019. The Aaa/AAA rated bond was issued at 100% and will mature on Dec. 15, 2031. Banks and bank treasuries received 77% of the allocation, followed by asset managers, insurers and pension funds with 18%, and central banks and official institutions with 5%. UK investors accounted for 64% of the transaction, with 21% allocated to the Americas and 15% to Europe, the Middle East and Africa. Settlement is scheduled for Sept. 30, 2026, and the bond will be listed on the London Stock Exchange.
2026-09-21World Bank
World Bank Group’s International Finance Corporation prices GBP 500 million SONIA linked floating rate note
The World Bank Group’s International Finance Corporation priced a GBP 500 million floating rate note at SONIA plus 30 basis points, its first SONIA linked issuance since 2019. The bond matures on Dec. 15, 2031, with banks and bank treasuries receiving 77% of the allocation.