WASHINGTON, DC, October 22, 2025 - The International Development Association (IDA, Aaa/AAA) priced a EUR 2 billion 25-year Sustainable Development Bond that matures on 28 October, 2050.
The bond offers an annual coupon of 3.625% and an issue price of 99.498%. It was priced at 54.9 basis points over the German Bund reference bond, offering investors an annual yield of 3.656%. The lead managers are Credit Agricole CIB, Deutsche Bank, J.P. Morgan Securities plc and Merrill Lynch International.
“IDA's 25-year benchmark bond demonstrates our commitment to mobilizing private capital for the world’s poorest countries. By connecting global investors with IDA’s mission, we help finance long-term development programs that are country-driven and focused on reducing poverty, fostering economic growth, and improving lives,” said Jorge Familiar, Vice President and Treasurer, World Bank.
Investor Distribution
By Investor Type |
| ||
Europe, Middle East, & Africa | 86% | Asset Managers/ Insurance/Pension Funds | 82% |
Americas
| 10% | Central Banks / Official Institutions | 13% |
Asia | 4% | Banks/ Bank Treasuries/ Corporates | 5% |
Lead Manager Quotes
“This transaction, the first 25-year EUR benchmark, enabled IDA to establish a new liquid point on its euro curve. The size and granularity of the orderbook is a testament to the ongoing support for IDA’s sustained commitment to reduce poverty and create more prosperous communities around the world. Congratulations to the IDA team on this outcome,” said Kamini Sumra, Managing Director, Merrill Lynch International.
“Credit Agricole CIB would like to congratulate the IDA team for yet another trade in the ultra long part of the curve, launching their second longest reference after their 30-year back in 2023. We were proud to assist the IDA team in this transaction and thank them for their trust,” said Benjamin Moulle, Global Head of SSA DCM, Credit Agricole CIB.
"Congratulations to the IDA team for the return to the long-end of the EUR market. The new EUR 25-year Sustainable Development Bond fills a gap on IDA's curve. Deutsche Bank is proud to have supported IDA's sustainable development activities in its member countries by participating in this transaction as a lead manager,” said Katrin Wehle, Head of SSA DCM, Deutsche Bank.
“J.P. Morgan is delighted to have supported IDA’s EUR 2 billion 25-year transaction, the issuer's longest syndicated maturity to date. The trade allowed IDA to print its joint-largest deal size in the currency, and to continue building out its EUR curve with a new liquid reference point.” said Matthieu Batard, Head of SSA Syndicate, J.P. Morgan Securities plc.
Transaction Summary
International Development Association (IDA) | |
Issuer rating: | Aaa/AAA |
Amount: | EUR 2,000,000,000 |
Format | Reg S - Registered Notes |
Settlement date: | 30 October, 2025 |
Maturity date: | 28 October, 2050 |
Issue price: | 99.498% |
Issue yield: | 3.656% per annum |
Coupon: | 3.625 % per annum |
Coupon payment dates: | Annually on 28 October each year |
Denomination: | EUR 1,000 |
Listing: | Luxembourg Stock Exchange |
Clearing systems | Euroclear, Clearstream, Luxembourg |
Lead managers: | Crédit Agricole CIB, Deutsche Bank AG, J.P. Morgan Securities plc, Merrill Lynch International |
ISIN: | XS3218787417 |
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