WASHINGTON, D.C., August 26, 2025 - The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced its first benchmark bond denominated in Hong Kong dollar (HKD), settling locally through the Central Moneymarkets Unit (CMU). The 5-year Sustainable Development Bond raised HKD 7 billion - the largest supranational deal in the HKD market. Funds will be used to support the financing of the World Bank's sustainable development activities in its member countries.
The bond offers an annual coupon of 3.012% and was priced at par. Standard Chartered and HSBC acted as the lead managers. The bond will be listed on the Luxembourg Stock Exchange.
The transaction attracted an orderbook of over HKD 11 billion - the largest orderbook for any supranational issuer HKD. The bonds were primarily placed with bank treasuries (88%), with the remainder placed with asset managers and other investor groups.
"We are pleased by the strong investor demand that enabled us to price the largest supranational Hong Kong dollar transaction. Our global funding strategy allows us to raise funds efficiently for development by offering investors a high-quality, liquid product in a variety of currencies," said Jorge Familiar, Vice President and Treasurer of the World Bank.
Transaction Summary
Issuer: |
World Bank (International Bank for Reconstruction and Development, IBRD) |
Issuer rating: |
Aaa /AAA (Moody's/S&P) |
Amount: |
HKD 7,000,000,000 |
Settlement date: |
September 5, 2025 |
Maturity date: |
September 5, 2030 |
Issue price: |
100% |
Denomination: |
HKD 1,000,000 and integral multiples of HKD 500,000 in excess thereof |
Coupon: |
3.012% p.a., payable annually in arrear |
Listing: |
Luxembourg Stock Exchange |
ISIN: |
HK0001186011 |
Clearing system: |
CMU with links to Euroclear / Clearstream |
Joint lead managers: |
Standard Chartered Bank, HSBC |
About the World Bank
