WASHINGTON, DC, April 10, 2026 - The World Bank (International Bank for Reconstruction and Development, IBRD rated Aaa/AAA) has successfully priced a New Zealand dollar ("NZD") 1.3 billion 7-year 4.50% fixed-rate bond due April 22, 2033.

This transaction marks the first issuance in the Kauri market for 2026 and stands as the largest 7-year bond ever issued in that market.

The deal offers a spread versus mid-swaps of +40 basis points, equivalent to a spread of 10 basis points over the New Zealand Government Bond due April 2033 and has a semi-annual yield of 4.545%. The joint-lead managers for the transaction are ANZ, Commonwealth Bank of Australia, and Westpac.

"We are pleased to return to the Kauri market with a transaction that speaks to the enduring trust global investors place in the World Bank. The New Zealand dollar market is an important part of our diversified funding program. Investor engagement supports our efforts in the financing of development projects that build resilience, generate jobs, and advance shared prosperity in our member countries," said Jorge Familiar, Vice President and Treasurer, World Bank Group.

Investor Breakdown by Type

Lead Manager Quotes

"The World Bank has once again revitalized the Kauri market, with today's transaction marking the second largest Kauri issuance on record. The World Bank continues to hold the top spot following its NZD1.5 billion landmark issuance in 2021. It is pleasing to see the World Bank's ongoing commitment to the Kauri market and its New Zealand focused investor engagement recognized through today's transaction, which reinforces its leadership position in the market," said Hamish Turley, ANZ Syndicate, ANZ.

"Congratulations to the World Bank for successfully opening the Kauri market for 2026. The World Bank acted swiftly and took the opportunity to launch their transaction during a period of rare stability in financial markets. The book build attracted a strong and diverse order book, with good investor participation, achieving the largest ever 7-year Kauri transaction printed in the New Zealand market. At NZD1.3 billion, the final print size reflects the robust investor appetite for high grade issuance in New Zealand dollars and the diversity this adds to portfolios, especially given the scarcity of recent Kauri supply. The transaction continues our close work with the World Bank and we are proud to act as joint lead manager on this important transaction," said Desmond Fennell, Head of Capital Markets and Syndicate, Commonwealth Bank of Australia.

"Congratulations to the World Bank on another exceptional outcome in the Kauri market. Notably, this was the largest 7-year Kauri transaction to date and the second largest ever printed, after the World Bank's NZD1.5 billion 5-year in November 2021. The transaction drew strong demand from a broad and diversified investor base" said Mat Carter, Head of DCM & Syndicate, Westpac Banking Corporation, New Zealand.

Transaction Summary

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 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 under the laws of New Zealand. 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 World Bank projects or programs. Payments on the bonds described herein are not funded by any World Bank project or program.

Contact
Investor Relations, Ratings, Sustainable Finance, World Bank Group Treasury

[email protected]