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# IFC prices first-ever euro benchmark, a EUR 1 billion 7-year green bond, at 3.125%
- URL: https://www.theglobalbanker.com/ifc-first-euro-benchmark-1-billion-7-year-green-bond-3-125/
- Published: 2026-07-08T11:25:00.000Z
- Updated: 2026-10-02T00:30:05.000Z
- Description: The IFC priced its first-ever euro benchmark, a EUR 1 billion seven-year green bond at 3.125%, with a EUR 2.7 billion orderbook backing the debut.
- Author: TGB Editorial Team
- Tags: ESG, Global

The International Finance Corporation (IFC) has priced its first-ever euro benchmark bond, a EUR 1 billion seven-year green issue with a 3.125% coupon, on 8 July 2026\. The transaction drew an orderbook of EUR 2.7 billion from 56 investors.

The bond is IFC's second transaction under its updated Green Bond Framework, published in July 2026, and will be listed on the Luxembourg Stock Exchange. Barclays, BNP Paribas, Crédit Agricole CIB and TD Securities were joint lead managers.

#### EURO DEBUT UNDER GREEN FRAMEWORK

The launch marks the IFC's first entry into the euro benchmark market, following two earlier benchmark issues in its current fiscal year (FY2027, which began on 1 July): a USD 2 billion five-year green bond and an AUD 1.5 billion 5.5-year bond, IFC's largest Australian dollar issue. IFC said the deal further diversifies its investor base among investors seeking liquid euro-denominated bonds. Central banks and official institutions took 70% of the bond, banks, bank treasuries and corporates 17%, and asset managers, insurers and pension funds 13%; by region, Europe, the Middle East and Africa took 69%, Asia 23% and the UK 8%.

The bond carries a semi-annual coupon of 3.125% and was priced at 24.7 basis points over the reference DBR 2.3% February 2033 benchmark. 

The EUR 2.7 billion orderbook was about 2.7 times the EUR 1 billion issue size.

#### USE OF PROCEEDS

Proceeds from IFC's green bonds support projects addressing environmental objectives including adaptation and resilience, biodiversity and nature, ocean and water protection, climate change mitigation and the circular economy. The updated framework received a Second Party Opinion from S&P Global Ratings, which confirmed its full alignment with the International Capital Market Association's Green Bond Principles.

“This inaugural EUR benchmark expands IFC’s access to investors in Europe seeking high-quality, liquid, sustainable-labeled bonds denominated in euro,” said Jorge Familiar, Vice President and Treasurer, World Bank Group.