The World Bank’s International Development Association priced a EUR 1 billion sustainable development bond maturing on Oct. 16, 2056. The transaction is IDA’s first euro issuance of the fiscal year, its first 30-year euro bond in global benchmark format and its largest 30-year issuance, matching its longest maturity achieved in 2023. The bond carries a 4.300% annual coupon and was priced to yield 4.339%, equivalent to 42.8 basis points over the reference German government bond. It attracted 28 orders, with investors in Germany receiving 76% of the allocation. Public banks, agencies and institutions accounted for 55%, while asset managers, insurers and pension funds received 43% and central banks 2%. Settlement is scheduled for Oct. 16, 2026, and the bond will be listed on the Luxembourg Stock Exchange. Proceeds will support sustainable development projects and programs in IDA eligible countries.
World Bank’s International Development Association prices record EUR 1 billion 30-year sustainable development bond
The World Bank’s International Development Association priced a record EUR 1 billion 30-year sustainable development bond yielding 4.339%. The transaction is IDA’s first 30-year euro global benchmark and extends its euro curve to October 2056. Proceeds will support sustainable development projects and programs in IDA eligible countries.