World Bank Project Deck
33
GLOBAL BOND EXAMPLE
SOFR-Linked Floating Rate Bond
On February 15, 2024, the World Bank (IBRD) priced a USD 1.25 billion Sustainable Development Bond linked to the Secured
Overnight Financing Rate (SOFR). The transaction attracted over 30 orders totaling USD 1.4 billion from a diverse set of investors
seeking a high credit quality investment while supporting sustainable development.
Distribution by Geography
Americas
O
Europe/Middle
East/Africa
50%
Asia
18%
32%
Distribution by Investor Type
Bank Treasuries /
Banks/Corporates
49%
USD 1.25 billion 3-year Bond
Summary Terms and Conditions
Central Banks / Official
Institutions
35%
Issuer Rating:
Aaa/AAA
Maturity:
Total Amount:
Settlement
Date:
3-year
USD 1.25 billion
Asset Managers /
Pension /
Insurance
16%
Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any
particular projects or programs, and returns on the bonds described herein are not linked to the performance of any
particular project or program."
Maturity Date:
Coupon:
Leads:
02/23/2024
02/23/2027
Compounded Daily SOFR + 28 basis points
Wells Fargo Securities, BMO Capital Markets,
Scotiabank
USD 1.25 billion SOFR-Linked Floating Rate Bond
THE WORLD BANK
TreasuryView entire presentation