World Bank Prices CAD 600 Million Sustainable Development Bond

Washington – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 5-year CAD 600 million Sustainable Development Bond that matures on July 22, 2026. World Bank bonds support the financing of a combination of green and social projects, programs, and activities for sustainable development in IBRD member countries. Each project is designed intentionally to achieve positive social and environmental impacts in line with the World Bank’s goals of eliminating extreme poverty and promoting shared prosperity.

The 5-year benchmark transaction pays a semi-annual coupon of 1.200% p.a. and has an issue price of 99.792% and a final spread of +29.90 bps over the 0.250% CAN March 2026 reference bond, offering investors a yield of 1.243% (semi-annual). Joint lead managers for this transaction are BMO Capital Markets, RBC Capital Markets, Scotiabank, and TD Securities.

Jingdong Hua, Vice President and Treasurer, World Bank, said: “We are pleased to be back in the Canadian market early in our fiscal year. This funding is critical as we continue to support countries to strengthen health systems, access and deploy vaccines, protect the poor and vulnerable, and restore economic growth. We thank Canadian investors for their ongoing support.”