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IBRD Funding Program

Discount Notes

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  • World Bank (IBRD) Discount Notes offer investors short-term investment opportunities in US and Euro dollar markets. 

    • AAA/Aaa credit quality for the World Bank (International Bank for Reconstruction and Development, IBRD)
    • A-1+/Prime-1 rating for the World Bank’s discount note program
    • Flexible and customized short-term investment product
    • Offered in maturities of 397 days (13 months) or less in the US and Eurodollar markets
    • Offered through a group of dealers
    • Daily prices posting on Bloomberg.

    Where to Access Information on Discount Notes

    Rates for World Bank Discount Notes are posted on Bloomberg page ("WBDN"). You can contact any of the following dealers:

    • Barclays Capital Inc.
    • CastleOak Securities, L.P.
    • FTN Financial Capital Markets
    • Jefferies LLC
    • J.P. Morgan Securities LLC
    • Mizuho Securities USA Inc.
    • UBS Securities LLC
    • Wells Fargo Securities LLC

    Product Features

    • Aggregate Face Amount: US$50,000 and higher per maturity date (397 days or less)
    • Denominations: US$1,000, and integral multiples thereof
    • Governing Law - New York
    • Fiscal Agent - Federal Reserve Bank of New York
    • For information regarding the eligibility of the Discount Notes as investments and collateral, see the Offering Circular