World Bank prices €3bn 7-year benchmark bond

The World Bank has priced a seven-year €3 billion benchmark bond - matching the largest World Bank transaction in the Euro market, a ten-year benchmark issued in 2009.

BNP Paribas, BofA Securities, Deutsche Bank and Natixis are the lead managers for the transaction. The bond attracted orders from nearly 100 investors from Europe, Asia and the Americas. It was priced with a final spread of 28.9 basis points over the 0.25% February 2027 reference Bund and offers a yield of -0.105%. 

Investor distribution by geography was Europe 87%, Asia 9%, and Americas 4%.