No results found for "".

Commentary & Deal Flow

Related Parents

by Oleksandr Vynychuk

Aug 25, 2026 6:34 AM ET

LAUNCHED: International Bank for Reconstruction & Development (IBRD) €3bn 10yr Sr Unsec; MS+23bp

IGC European Market: Deal Flow - SSA

Issuer	Term	Maturity	Size	Ranking	Type	ISIN	Guidance	Spread Set
International Bank for Reconstruction & Development (IBRD)	10yr	02-Sep-36	€3bn	Sr Unsec	Fixed	XS3486811766	MS+25a	MS+23

Launched: 10yr: €3bn @ MS+23bp - Orderbook closed over €6.4bn (incl. €350m JLM interest)
Spread set at: 10yr: MS+23bp - Orderbooks in excess of €6.3bn (incl. €600m JLM)
Guidance: 10yr: MS+25a

Issuer: International Bank for Reconstruction & Development (IBRD)
Ratings: Aaa (stable) / AAA (stable) (Moody's/S&P)
Risk Weighting: 0%
Format: Global (SEC exempt) Sustainable Development Bond
Size: €3bn
Coupon: Fixed, Annual Act/Act ICMA
Maturity Date: 02-Sep-36
Settlement: 02-Sep-26
ISIN: XS3486811766
Bookrunners: Citi / Crédit Agricole CIB / Goldman Sachs International / J.P. Morgan
Governing Law: English
Denominations: €1,000 x 1,000
Target Market: For MiFID II/UK MiFIR purposes, all target markets and all distribution channels are eligible
Listing: Luxembourg Stock Exchange's regulated market
Documentation: Issuer's Global Debt Issuance Facility
Books Subject: 11:00 UKT / 12:00 CET
Schedule: Books open, today's business
Launched: 10yr: €3bn @ MS+23bp
Deal size set at: €3bn
Spread set earlier at: MS+23bp
Orderbook closed over: €6.4bn (incl. €350m JLM interest)