By Marisa Wong and Cristal Cody
Los Angeles, Jan. 13 – The International Bank for Reconstruction and Development, or World Bank, priced $3 billion of floating-rate sustainable development bonds in two tranches on Wednesday, according to a market source.
IBRD priced $1 billion of bonds due June 15, 2026 at SOFR plus 18 basis points. The 4.5-year bonds were talked with a yield in the SOFR plus 19 bps area.
IBRD also priced $2 billion of bonds due Jan. 24, 2029 at SOFR plus 30 bps. The seven-year bonds were talked to yield in the SOFR plus 30 bps area.
Orders of over $3.8 billion were placed from investors, with several investors placing orders in both tranches, according to a press release.
BMO Capital Markets Corp., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC are the bookrunners of the benchmark deal.
The global development financing cooperative is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development (World Bank)
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| Amount: | $3 billion
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| Issue: | Floating-rate sustainable development bonds
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| Bookrunners: | BMO Capital Markets Corp., Scotia Capital (USA) Inc. and Wells Fargo Securities LLC
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| Pricing date: | Jan. 12
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| 2026 notes
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| Amount: | $1 billion
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| Maturity: | June 15, 2026
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| Coupon: | SOFR plus 18 bps
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| Price talk: | SOFR plus 19 bps area
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|
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| 2029 notes
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| Amount: | $2 billion
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| Maturity: | Jan. 24, 2029
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| Coupon: | SOFR plus 30 bps
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| Price talk: | SOFR plus 30 bps area
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