WASHINGTON, D.C., May 13, 2026 - The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 6 billion benchmark bond that matures in May 2036. The World Bank's US dollar bond drew a record number and volume of orders from investors worldwide, the highest of any of its offerings.
With more than 255 investor orders, the transaction attracted over USD 24 billion in high-quality investor orders, primarily driven by bank treasuries, central banks/official institutions, and asset managers.
The lead managers are BMO Capital Markets, BNP Paribas, HSBC and Wells Fargo. The bond pays a semi-annual coupon of 4.50% and will be listed on the Luxembourg Stock Exchange.
"The record depth and breadth of demand for this 10-year bond reflects the strong trust global investors place in the World Bank's credit and our mission," Jorge Familiar, Vice President and Treasurer, World Bank Group. "As the World Bank returns to the USD benchmark market, this extraordinary level of support helps mobilize financing and helps countries create the conditions for more jobs, so people can build stable livelihoods."
Investor Breakdown by Type
Central Banks/Official Institutions |
50% |
Banks/Bank Treasuries/Corporates |
34% |
Asset Managers/Insurance/Pension Funds |
16% |
Investor Breakdown by Geography
Europe/Middle East/Africa (EMEA) |
48% |
Americas |
32% |
Asia |
20% |
Lead Manager Quotes
"The World Bank's record orderbook resulted in the largest 10-year bond the USD Sovereign, Supranational and Agency (SSA) market has ever seen. Investor demand for positive impact through high quality liquid assets combined to generate $24 billion in demand from over 255 orders. BMO is thrilled to have partnered with the World Bank and global investors on this milestone transaction," said Sean Hayes, Managing Director & Global Head of Syndicate, BMO Capital Markets.
"Congratulations to the World Bank for their successful return to the US dollar market with a strong 6 billion 10-year Sustainable Development Bond. Once again, the World Bank was able to gather quality demand and strong momentum from the outset, enabling the team to achieve a record orderbook of USD 24 billion, their largest ever. This is a testament to the issuer's name, strong investor following and ability to easily navigate difficult market environments. BNP Paribas is proud to have supported the World Bank for this transaction," said Lars Humble, Head of SSA Syndicate, BNP Paribas.
"Congratulations to the World Bank team on a remarkable return to the USD market, printing the largest USD 10-year SSA benchmark. The exceptional demand marks the World Bank's largest ever orderbook and underscores the consistent investor support it receives globally. HSBC is delighted to have been involved," said Asif Sherani, Head of DCM Syndicate and Head of Public Sector DCM, HSBC.
"Wells Fargo Securities is honored to have partnered with the World Bank on this highly successful transaction. The record breaking orderbook, the largest ever achieved for a World Bank bond, underscores the depth and quality of demand, reflects the issuer's strong following across global investor accounts, and highlights the supportive technical backdrop amid relatively limited SSA supply year to date. We congratulate the World Bank team for executing this trade smoothly, against a volatile and complex market environment, successfully identifying the optimal tenor and issuance window to deliver such an outstanding outcome," said Carlos Perezgrovas, Head of SSA Origination, Wells Fargo Securities, LLC.
Transaction Summary
10-Year Bond |
|
Issuer: |
World Bank (International Bank for Reconstruction and Development, IBRD) |
Issuer rating: |
Aaa /AAA |
Amount: |
USD 6 billion |
Settlement date: |
May 20, 2026 |
Maturity date: |
May 20, 2036 |
Issue price: |
99.904% |
Issue yield: |
4.512%, semi-annual |
Denomination: |
USD 1,000 |
Coupon: |
4.50% per annum, payable semi-annually |
ISIN: |
US45906M6U09 |
Listing: |
Luxembourg Stock Exchange |
Clearing system: |
Fedwire, Clearstream, Euroclear |
Lead managers: |
BMO Capital Markets Corp., BNP PARIBAS, HSBC Bank plc, Wells Fargo Securities, LLC |
Senior co-lead managers: |
CastleOak Securities, L.P., Daiwa Capital Markets Europe Limited, J.P. Morgan Securities plc, National Bank of Canada Financial Inc., The Bank of Nova Scotia, London Branch |
About the World Bank