Commentary & Deal Flow

Guidance: 30yr: MS+82a

• Issuer: International Development Association (IDA)
• Ticker: IDAWBG
• Issue Rating: AAA (S&P) / Aaa (Moody’s) (both stable)
• Format: Global (SEC exempt) Sustainable Development Bond
• Total Size: € Benchmark
• Settlement: 16-Oct-26 (T+6)
• Maturity: 16-Oct-56
• Guidance: MS +82bps 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: DB (B&D) / BNPP / DZ Bank
• Target Market: Retail / Professional / Eligible Counterparties (MIFID II/UK MiFIR, all distribution channels)
• Timing: Books open, Today's business.