IDA Funding Program

WASHINGTON, DC, September 8, 2025 - The International Development Association (IDA, Aaa/AAA) priced a GBP 1 billion 5-year Sustainable Development Bond that matures on October 22, 2030.

The bond offers an annual coupon of 4.125% and an issue price of 99.728%. The bond’s spread over the SONIA reference rate of +44 basis points equates to a spread of +22.3 basis points over the 0.375% October 2030 Gilt reference bond, offering investors an annual yield of 4.187%.

“Investors’ support for IDA in a variety of currencies, including British pounds, helps IDA maximize financing and the development impact for member countries,” said Jorge Familiar, Vice President and Treasurer, World Bank.

Investor Distribution

Lead Manager Quotes

“Congratulations to the IDA Team on a successful return to the primary sterling market. Today’s GBP 1 billion transaction demonstrates the support from the investor community for  IDA and its sustainable development mandate. We are delighted to have been involved”, said Kamini Sumra, Managing Director, SSA Origination, BofA Securities

"Congratulations to IDA, on behalf of the Citi team, for its successful return to the sterling market. This transaction underscores the investor engagement  in IDA's expanding development initiatives and its noble mission to support low-income countries. Citi is delighted to have partnered on this important issuance”, said Ebba Wexler, Head of SSA DCM, Citi.

“Huge congratulations to IDA on its successful return to the sterling market since April 2024. The new 5-year once again demonstrates investor's commitment to IDA's mission to support low-income countries. HSBC is extremely proud to have been involved", said Asif Sherani, Head of DCM Syndicate and Head of Public Sector DCM, HSBC.

"Many congratulations to the IDA team on this strong return to the GBP market, with today’s transaction marking IDA’s first GBP transaction since April 2024. This transaction marks IDA’s largest GBP benchmark in four years. RBC was delighted to have been involved in this transaction. Congratulations again", said James Taunton, Head of Public Sector Origination Europe, RBC Capital Markets.

Transaction Summary

This press release does not constitute or form part of and should not be construed as an offer for sale or issue or the solicitation of an offer to buy or acquire the securities described in any jurisdiction or an inducement to enter into investment activity. No part of this press release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The offering and sale of the securities described in this document are subject to restrictions under the laws of several jurisdictions. Securities may not be offered or sold except in compliance with all such laws.

Net proceeds of the securities described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the securities described herein are not funded by any projects or programs.

About IDA
The International Development Association (IDA), rated Aaa/P-1 and AAA/A-1+ (Moody’s/S&P), is one of the largest sources of funding for fighting extreme poverty in the world’s poorest countries. Since its establishment in 1960, IDA has provided about USD400 billion for investments in over 100 countries. As an institution of the World Bank Group, IDA combines global expertise with an exclusive focus on reducing poverty and boosting prosperity. Proceeds of IDA bonds support sustainable development projects and programs in IDA eligible countries. Projects and programs supported by IDA are designed to achieve a positive social impact and undergo a rigorous review and internal approval process aimed at safeguarding equitable and sustainable economic growth. Information on IDA bonds is available at https://treasury.worldbank.org/IDAfunding

Contact
World Bank Treasury
IDAInvestorRelations@worldbank.org