World Bank prices new $2bn ten-year Benchmark Global

The World Bank has priced a new $2 billion ten-year global benchmark bond maturing 23 October, 2029.

The transaction was priced with a final spread of 12.2 basis points over the UST 1.625% August 2029 reference Treasury bond, with a yield of 1.856%. This represents the tightest spread to treasuries that the World Bank has ever priced its bonds in the ten-year maturity.

Bank of America Merrill Lynch, Citibank, J.P. Morgan and RBC Capital Markets are the joint lead managers for the transaction.

Strong global investor demand led to a granular final orderbook in excess of USD 2.3 billion, with over 95 investors participating in the transaction.