Commentary & Deal Flow

Spread set at: 15yr: MS+42bp - Books above €4.9bn (including €175m JLM interests)
Guidance: 15yr: MS+44a

• Issuer: International Development Association (IDA)
• Ticker: IDAWBG
• Issue Rating: Aaa/AAA (Moody's/S&P)
• ISIN: XS3383867374
• Format: Global (SEC exempt) Sustainable Development Bond
• Total Size: € Benchmark
• Settlement: 20-May-26 (T+5)
• Maturity: 20-May-41
• 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. Books to close at 10.30 LDN/ 11.30 CET.
• 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