Today, the World Bank announced a USD 1.5 billion increase to its October 2030 bond linked to the Secured Overnight Financing Rate (SOFR) Index. This addition brings the total outstanding amount of the bond to USD 2.25 billion. Initially issued in September 2023 at USD 500 million, it was previously increased in May 2025 to USD 750 million.
The reopening is indicative of strong investor demand for high-quality, liquid assets and highlights IBRD's ongoing commitment to the floating rate market associated with SOFR. The bond will mature on October 4, 2030, and offers a coupon of Compounded SOFR + 46 basis points, resetting daily and paid quarterly. BMO Capital Markets, CIBC Capital Markets, and Scotiabank were joint lead managers for this transaction.
Investor distribution by geography showed Europe, Middle East, and Asia at 49%, Americas at 38%, and Asia at 13%. By type, Banks/Bank Treasuries/Corporates made up 91%, Asset Managers/Insurance/Pension Funds accounted for 6%, and Central Banks/Official Institutions comprised 3%.
The World Bank (International Bank for Reconstruction and Development) operates as a global development cooperative owned by member nations. It provides financial products and services aimed at ending extreme poverty and promoting shared prosperity. The organization has been issuing bonds internationally for over seven decades to support programs with positive impacts aligned with Sustainability Bond Guidelines.
For further details or inquiries regarding this announcement, interested parties can contact Investor Relations and Sustainable Finance at World Bank Treasury via email: debtsecurities@worldbank.org.