Commentary & Deal Flow

Guidance: 15yr: MS+44a

• Issuer: International Development Association (IDA)
• Ticker: IDAWBG
• Issue Rating: Aaa/AAA (Moody's/S&P)
• Format: Global (SEC exempt) Sustainable Development Bond
• Total Size: € Benchmark
• Settlement: 20-May-26 (T+5)
• Maturity: 20-May-41
• Guidance: MS +44bps area
• Coupon: Fixed, Annual ACT/ACT
• Listing: Luxembourg Stock Exchange's Regulated Market
• Docs: Global Debt Issuance Facility
• Law: English Law
• Denoms: €1,000 + €1,000
• Bookrunners: DZ BANK, LBBW, Natixis (B&D), and NatWest
• Target Market: Retail / Professional / Eligible Counterparties (MIFID II/UK MiFIR, all distribution channels)
• Timing: Books open, today's business
• Advertisement: The final prospectus, when published, will be available https://www.luxse.com/issuer/IntDevAss/88346
• Use of Proceeds: IDA bonds support the financing of a combination of green and social, i.e. sustainable development, projects, programs, and activities in IDA member countries. See IDA's Sustainable Development Bond Framework for examples of such eligible projects, programs, and activities and other information: https://worldbank.org/ida-sdb-framework