WASHINGTON D.C., September 4, 2025 - The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 5 billion Norwegian krone-denominated floating rate Sustainable Development Bond that matures on December 16, 2030.
The bond offers a quarterly coupon of 3-month NIBOR + 20 bps and was priced at 100%. Nordea and SEB acted as lead managers for the transaction.
The bonds were placed with investors in Scandinavia with bank treasuries accounting for 75% and asset managers with 25%.
"Today's NOK 5 billion benchmark underscores the strong confidence investors place in World Bank bonds and our development mandate. We value our long-standing partnership with Nordic investors and are pleased to continue diversifying our funding in the Norwegian krone market to support the financing of sustainable development in our member countries," said Andrea Dore, Head of Funding, World Bank Treasury.
Lead Manager Quotes
"Congratulations to the World Bank team on another fantastic NOK Sustainable Development Bond benchmark transaction! This is IBRD's second NOK 5 billion benchmark transaction in 2025 - following a long 5-year transaction in January - and is another testament to broad and increasing investor demand for IBRD and sustainable bonds in the NOK market. Nordea is honoured to have served as a lead manager on this landmark transaction," said Marcus Viitamäki, Head of SSA DCM, Nordea.
"Another stellar outing from the World Bank in Norwegian krone, taking the total issued amount in 2025 to NOK 10 billion, split over two transactions. This latest NOK 5 billion 5.25-year Sustainable Development Bond was met with strong demand from a broad range of investors, highlighting both the World Bank's strong position in the Norwegian market and the growing appeal of high-quality sustainable investments. SEB is proud to have acted as joint lead manager on this landmark transaction," said Anna Sjulander, Head of SSA DCM, SEB.
Transaction Summary
Issuer: |
World Bank (International Bank for Reconstruction and Development, IBRD) |
Issuer rating: |
Aaa/AAA (Moody's/S&P) |
Currency: |
NOK |
Amount: |
NOK 5,000,000,000 |
Settlement date: |
September 16, 2025 |
Maturity date: |
December 16, 2030 |
Issue price: |
100% |
Issue yield: |
3-month NIBOR + 20 bps |
Denomination: |
NOK 10,000 |
Coupon: |
3-month NIBOR + 20 bps |
Listing: |
Luxembourg Stock Exchange |
ISIN: |
XS3178769041 |
Clearing system: |
Euroclear/Clearstream |
Lead manager: |
Nordea and SEB |
About the World Bank
