Menu

The World Bank has announced that it, on 19 August 2025, priced a $5 billion benchmark bond that matures in August 2035. It said the bond attracted its largest-ever 10-year order book with investors from around the world.  

According to the global financier, the transaction attracted over $13 billion from more than 180 investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers. 

The lead managers are BMO Capital Markets, HSBC, JP Morgan, and Wells Fargo. The bond pays a semi-annual coupon of 4.375%, offers a spread of 8.98 basis points versus the reference US Treasury and will be listed on the Luxembourg Stock Exchange.   

An analysis provided by the Bank shows banks/bank treasuries/corporates accounted for 35% of the orders, central banks/official institutions (35%), and asset managers/insurance/pension funds (30%). By geography, investors from the Americas accounted for 44% of the orders, Europe/Middle East/Africa (37%), and Asia (19%).