World Bank Raises AUD 1.5 Billion with Dual Tap of 3-Year and 10-Year Sustainable Development Bonds

WASHINGTON, D.C., September 10, 2025 - The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA, Moody's/S&P) today increased the size of its August 2028 and February 2035 Sustainable Development Bonds by AUD 800 million and AUD 700 million, respectively, raising a total of AUD 1.5 billion.

The transactions drew a combined order book of over AUD 3 billion. Investor demand was led by bank treasuries and central banks/official institutions in Asia and Australia. The new outstanding amounts for the August 2028 and February 2035 Sustainable Development Bonds are AUD 1.7 billion and AUD 1.3 billion, respectively.*

The 3-year tap of the 3.30% August 2028s priced at ASW +35 bps (equivalent to ACGB May 2028 +31.5 bps). The 10-year tap of the 4.95% February 2035s priced at ASW +65 bps (equivalent to ACGB December 2034 +40 bps).

"We are focused on providing high-quality investment opportunities for investors and are thrilled to be able to tap these two lines to meet demand of Australian dollar investors at both the short and long ends," said Andrea Dore, Global Head of Funding, World Bank. "The continued confidence from investors enables us to efficiently deliver on our mission to end extreme poverty and boost shared prosperity on a livable planet."

Transaction Summary

*The 2028 line was originally issued on February 14, 2018, with an issuance price of 99.846% to yield of 3.3175% (semi-annual) equal to a spread of 48.75 basis points over the 2.25% Australian Commonwealth Government Benchmark (ACGB) due May 2028. The 2035 line was originally issued on February 5, 2025, with an issuance price of 99.688% to yield of 4.99 % (semi-annual) equal to a spread of 53.2 basis points over the 3.5% ACGB due Dec 2034.

Lead Manger Quotes

"Daiwa is honored to be part of this well-received AUD tap, which once again highlights IBRD's excellent reputation in the Australian dollar market," said Manshun Chan, Head of AUD Syndicate, Daiwa Capital Markets. "Investor demand across Asia and Australia has been especially strong, reflecting confidence in the World Bank's credit and its leadership in sustainable development financing. The size and quality of demand affirm IBRD's enduring appeal in the Kangaroo curve."

"RBC is proud to have supported IBRD on its highly successful AUD 1.5 billion dual-tranche Kangaroo bond transaction," said Harald Eikeland, Head of APAC Syndicate. "This represented IBRD's third syndicated transaction in Australian dollars in 2025, and was again met with exceptional demand with final orderbooks in excess of AUD 3billion from more than 35 accounts, highlighting IBRD's status as the premier issuer in the Australian dollar SSA market. We are honored to have played a role in delivering this outstanding result and congratulate the World Bank on another milestone transaction."

"Congratulations to the World Bank on the latest Australian dollar offering," said Apoorva Tandon, Head of Asia Origination & Syndicate, TD Securities. "The orderbook composition across this dual tranche 3- and 10-year re-opening is a testament to the strong investor following for IBRD in the Kangaroo bond market. TD Securities is honored to have partnered with the World Bank team on this transaction."

"Congratulations to the World Bank on executing the largest-ever Kangaroo SSA tap transaction at AUD 1.5 billion across two tranches for IBRD," said, Cameron Lofstedt, Co-head of SSA DCM, UBS. "The final combined orderbook of over AUD 3 billion, as well as the balance of distribution across both geography and investor type talk to the significant investor support for World Bank's mission in the Australian dollar market. UBS is delighted to have been involved."

About the World Bank The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody's/S&P), is an international organization. Created in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to end extreme poverty and promote shared prosperity on a livable planet. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing bonds in the international capital markets for over 75 years to fund programs and activities that achieve a positive impact. World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association. More information on the World Bank's Sustainable Development bonds is available at https://www.worldbank.org/debtsecurities and in the World Bank's Sustainable Development Bond Impact Report that describes how the World Bank engages with investors and raises awareness for specific development challenges.

Disclaimers
This press release is not an offer for sale of securities of the International Bank for Reconstruction and Development ("IBRD"), also known in the capital markets as "World Bank". Any offering of World Bank securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries, including the laws of New South Wales. World Bank securities may not be offered or sold except in compliance with all such laws. The World Bank Sustainable Development Bond Framework, the World Bank's Sustainable Development Bond Impact Report, and the information set forth therein are not a part of, or incorporated by reference into, the offering documentation.

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

Contact
Investor Relations and Sustainable Finance, World Bank Treasury
[email protected]