India, Aug. 22 -- WASHINGTON, D.C. August 21, 2025 - The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a new 3-year CAD $1.5 billion Sustainable Development Bond that matures in September 2028.
The 3-year benchmark transaction pays a semi-annual coupon of 2.90% p.a. and has an issue price of 99.946% and a final spread of 9.8 bps over the CAN 3.25% September 2028 reference bond, offering investors a yield of 2.919% (semi-annual). Joint lead managers for this transaction are BMO Capital Markets, CIBC, National Bank Financial and Scotiabank.
"It has been a dynamic start to the new fiscal year for the World Bank, as we conclude successful transactions for the World Bank in two different curren...