The World Bank’s $5 Billion 7-Year Sustainable Development Bond will mature in September 2028. The bond has attracted nearly 150 orders, including various central banks and bank treasuries, asset managers, and corporates. Its orderbook has reached a record for the maturity period for the World Bank, at over $10.2 billion. 

The transaction was managed by Deutsche Bank, J.P. Morgan, Morgan Stanley, and RBC Capital Markets.  

“This is a tremendous outcome for the first USD fixed rate benchmark of the World Bank’s new fiscal year and first public trade after the summer break,” says Jingdong Hua, VP and Treasurer, World Bank. “The robust demand that made this deal so successful also gives a strong signal of momentum for the market as a whole.”