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The World Bank, on 20 August 2024, priced a EUR 2.5 billion 7-year euro-denominated benchmark bond maturing in August 2031.  

The transaction attracted over 75 orders totalling almost EUR 4 billion, from European and global investors seeking safe and liquid investment opportunities that have a positive impact on sustainable development.

BofA Securities, Deutsche Bank, Goldman Sachs International and Natixis are the joint lead managers for the transaction. The bond will be listed on the Luxembourg Stock Exchange.

The bond priced with a final spread to euro mid-swaps of +16 basis points and an equivalent annual yield of 2.604%. This equates to a spread vs. the reference Bund of +50.6 basis points.

“Our first euro-denominated deal of fiscal year 2025 has generated very strong demand from investors across the globe,” said Jorge Familiar, Vice President and Treasurer, World Bank. “With this successful issuance, we are raising EUR 2.5 billion towards impactful projects that align with our goals of reducing poverty and fostering shared prosperity on a liveable planet.”