The World Bank has priced an AUD 2 billion 5.5-year Sustainable Development Bond due November 14, 2031. The fixed-rate bond carries a 5.00% annual coupon and was priced at a spread of 34.75 basis points over the Australian government bond due November 2031, with a re-offer yield of 5.016%. Proceeds support the financing of eligible sustainable development activities under the World Bank’s framework, although they are not earmarked to specific projects or programs. The orderbook exceeded AUD 6.5 billion across more than 80 orders from bank treasuries, asset managers and central banks or other official institutions. Allocations were 43% to banks and bank treasuries, 38% to asset managers, insurance companies and pension funds, and 19% to central banks and official institutions. By geography, 38% was allocated to Australia, 35% to Europe, the Middle East, Africa and the Americas, and 27% to Asia. Settlement is scheduled for May 14, 2026, the bond will be listed on the Luxembourg Stock Exchange, and the joint lead managers are Commonwealth Bank of Australia, Deutsche Bank, RBC Capital Markets and TD Securities.
World Bank 2026-05-07
World Bank prices AUD 2 billion 5.5 year Sustainable Development Bond due November 2031 on over AUD 6.5 billion orders
The World Bank has priced an AUD 2 billion 5.5-year Sustainable Development Bond due November 14, 2031, with a 5.00% fixed coupon and a spread of 34.75 basis points over the November 2031 Australian government bond, yielding 5.016%. Proceeds will finance eligible sustainable development activities under the World Bank’s framework, with demand reflected in an orderbook exceeding AUD 6.5 billion from bank treasuries, asset managers and official institutions. The bond will settle on May 14, 2026, be listed on the Luxembourg Stock Exchange, and is jointly led by Commonwealth Bank of Australia, Deutsche Bank, RBC Capital Markets and TD Securities.