World Bank Prices CAD 900 Million Tap of January 2028 Sustainable Development Bond

WASHINGTON  – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a CAD 900 million tap of its 5-year benchmark that matures on January 18, 2028, bringing the total amount to CAD 1.9 billion. World Bank Sustainable Development Bonds support the financing of projects in member countries in line with its mission to eradicate extreme poverty and boost shared prosperity in a sustainable manner.

The bond pays a semi-annual coupon of 3.70% p.a., has an issue price of 101.014%, and a final spread of 38.8 bps over the CAN 3.50% March 2028 reference bond, offering investors a yield of 3.465% (semi-annual). Joint lead managers for this transaction are BMO Capital Markets, CIBC Capital Markets, and Scotiabank.

Jorge Familiar, World Bank Vice President and Treasurer, said, “We are very happy to be back in the market so soon after re-opening the Sovereign, Supranational, and Agency (SSA) Canadian dollar primary markets with a benchmark transaction at the beginning of the year. The size of this tap shows that investors value liquid, triple-A rated products for their portfolios, and that they are keen to support the World Bank’s sustainable development activities.”