Skip to Main Navigation

IDA Funding Program

Press Releases

IDA’s Prices Euro 600 Million Sustainable Development Bond – Its Longest Benchmark

WASHINGTON, D.C., November 3, 2023 - The International Development Association (IDA, Aaa/AAA) priced its first EUR transaction of 2023 with a 30-year Sustainable Development Bond that raised EUR 600 million. This transaction marks IDA’s longest maturity bond in any currency and extends IDA’s Euro benchmark curve to 30 years.

Transaction Summary


International Development Association (IDA)

Issuer rating:



EUR 600,000,000


Reg S - Registered Notes

Settlement date:

November 3, 2023

Maturity date:

November 3, 2053


3.800% per annum

Coupon payment dates:

Annually, every November 3 up to and including the Maturity Date

Clearing systems:



EUR 1,000


Luxembourg Stock Exchange

Lead managers:

BofA Securities, Commerzbank AG, and J.P. Morgan Securities Plc



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 particular project or program.

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


Heike Reichelt,
World Bank Treasury
+1 202 477 2880