Reoffer: SARON MS+18 / 100 / 0.5925%
Benchmark: Govt + 33.5
Launched: CHF 300m @ SARON MS+18
IPTs: SARON MS+18a
Issuer: International Bank for Reconstruction and Development (Ticker: IBRD)
Issuer Domicile: Supranational
Domestic / Foreign: Foreign
Format: Public Fixed-Rate Sustainable Development Notes
Ranking: Senior unsecured debt
Issuer Rating: Aaa/AAA (Moody's/S&P)
Instrument Rating (exp): Aaa/AAA (Moody's/S&P)
Issue Size: CHF 300m
Settlement Date: 20-Apr-26
Maturity Date: 20-Apr-32 (6 years)
Coupon: 0.5925% p.a. (30/360, following unadj.)
Reoffer Spread/Yield: SARON MS +18.0 // YTM 0.5925% // Govt + 33.5
Issue Price: 100
ISIN / Valor: CH1544708642 / 154.470.864
Lead Manager(s): Deutsche Bank
Co-Manager(s): BLKB
SNB Repo-eligibility: At the discretion of the SNB, expected yes (HQLA Level 1)
Documentation: Off the Issuer's Global Debt Issuance Facility, dated 24-Sep-21, as supplemented
FinSA Prospectus: No prospectus required in accordance with Art. 37(1) (h.) FinSA
Governing Law: English law
Covenants: PP, NP, XD
SIX Listing: 16-Apr-26
Use of Proceeds: World Bank bonds support the financing of a combination of green and social, i.e. "sustainable development", projects, programs, and activities in IBRD member countries. See IBRD’s Sustainable Development Bond Framework for examples of such eligible projects, programs, and activities.
SDB Framework: https://worldbank.org/ibrd-sdb-framework
Denomination: CHF 100,000 and multiples thereof
TEFRA D Rules: In accordance with usual Swiss practice
Target Market: As defined by the manufacturer domiciled in the EEA (MIFID II): Eligible counterparties and professional clients only (all channels for distribution), subject to applicable selling restrictions. Prohibition of sales to EEA/UK retail investors apply.
Use of Proceeds
World Bank bonds support the financing of a combination of green and social, i.e. "sustainable development", projects, programs, and activities in IBRD member countries. See IBRD’s Sustainable Development Bond Framework for examples of such eligible projects, programs, and activities.