The World Bank has announced the pricing of a 7-year benchmark bond denominated in Swiss Francs, maturing in June 2032. This Sustainable Development Bond, amounting to CHF 225 million, aims to support the World Bank's sustainable development activities in its member countries. It represents the largest supranational trade in the Swiss Franc market since 2014.
The bond offers an annual coupon rate of 0.485% and was priced at par. Deutsche Bank and BNP Paribas served as joint lead managers for this transaction. The bonds will be listed on the SIX Swiss Exchange.
According to the World Bank, "the transaction attracted orders from 35 investors." The majority of these bonds were placed with bank treasuries (88%), while asset managers and other investor groups took up the remaining portion.
Key details of the transaction include:
- Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
- Issuer rating: Aaa/AAA (Moody's/S&P)
- Amount: CHF 225,000,000
- Settlement date: June 17, 2025
- Maturity date: June 17, 2032
- Issue price: 100%
- Issue yield: 0.485% annually
- Denomination: CHF 100,000
- Coupon: 0.485% per annum, payable annually
- Listing: SIX Swiss Exchange
- ISIN: CH1452360691
- Clearing system: SIX SIS Ltd.
The World Bank is an international organization established in 1944 and is part of the World Bank Group. It provides financial products and services aimed at reducing poverty and promoting prosperity globally. Its bonds are aligned with Sustainability Bond Guidelines published by the International Capital Market Association.
For more information on their Sustainable Development Bonds or related reports, visit www.worldbank.org/debtsecurities.