OPEC Fund raises €500 million in inaugural Euro benchmark bond to support global sustainable development

September 18, 2025: The OPEC Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, has successfully issued its inaugural Euro-denominated benchmark bond, raising €500 million to finance sustainable development operations worldwide.

The 5-year fixed-rate sustainability bond attracted strong demand from global investors and will support impactful initiatives in sectors such as food security, healthcare, education, infrastructure, employment and renewable energy. Proceeds from the bond will directly contribute to achieving the Sustainable Development Goals (SDGs), in line with the OPEC Fund's multi-sectoral development mandate.

The issuance saw robust investor participation with a geographically diverse distribution: 67 percent of investors came from Europe, Middle East and Africa (EMEA), and 33 percent from Asia. In terms of investor type: 85 percent were central banks & official institutions, 11 percent Asset Managers, 3 percent Banks and 1 percent Others.

OPEC Fund President Abdulhamid Alkhalifa said:

"The very strong demand for our sustainability bond is a clear vote of confidence in the OPEC Fund's financial strength and development mandate. On the same day our Governing Board approved more than US$1 billion in new financing for transformative projects across more than a dozen partner countries, we are mobilizing fresh resources in the capital markets to scale up our impact. Investor response reflects the trust placed in our institution and the sustainable development we champion. As we approach our 50th anniversary in 2026, this milestone underscores our ability to innovate, grow and deliver on our mission for decades to come."

The bond issuance is aligned with the OPEC Fund's recently updated SDG Bond Framework, which complies with the 2025 Sustainability Bond Guidelines, 2025 Green Bond Principles, and 2021 Social Bond Principles published by the International Capital Market Association (ICMA). The framework received a positive second-party opinion from Sustainable Fitch, and Credit Agricole CIB acted as the sole sustainability structuring advisor.

The success of the offering - backed by an orderbook exceeding €9 billion (including €250 million of JLM interest) - was underpinned by the OPEC Fund's strong AA+ (Stable) ratings from both Fitch Ratings and S&P Global Ratings. These ratings reflect the Fund's conservative risk management, excellent capitalization, liquidity profile, and it's track record as a preferred creditor with a diversified portfolio of purpose-driven assets.

OPEC Fund Vice President, Finance, Tarek Sherlala commented:

"Accessing the Euro market adds a new dimension to the OPEC Fund's financing capacity. It enables us to diversify our funding sources and further strengthen our capacity to deliver long-term, sustainable impact as we scale up our commitments to partner countries."

OPEC Fund Assistant Treasurer & Head of Funding, Martine Mills Jansen added:

"We are extremely happy with this result. Our focus over the last 3 years has been to build our US Dollar investor base and this debut Euro transaction has served to provide the OPEC Fund with further investor diversification. We thank all participating investors and our lead managers for their trust and support."

The lead managers on the bond issue were BofA Securities, Citi, Credit Agricole CIB and Deutsche Bank.

Kamini Sumra, Managing Director, BofA Securities, said:

"Today's inaugural Euro transaction marks another key milestone in the development of the OPEC Fund's funding programme and the issuer's commitment to a diversified currency offering. The granular orderbook with final interest exceeding €9 billion is an impressive achievement and a clear signal of the positive engagement from the global investor community. BofA is delighted to have been involved."

Ebba Wexler, Managing Director, Head of SSA DCM, Citi, said:

"Congratulations to the OPEC Fund team on their inaugural Euro benchmark transaction. The OPEC Fund has developed a strong investor base since their first capital market issuance in early 2023. This debut Euro denominated transaction builds on the success of the three USD benchmarks and extends their investor reach to the Euro market. Final books closed in excess of €9 billion, with the overwhelming majority of allocations going towards Central Banks and Official Institutions. This was a phenomenal outcome, Citi was delighted to be involved."

Benjamin Moulle, Managing Director, Global Head of SSA DCM, Crédit Agricole CIB, said:

"After extensive work both on the SDG Bond Framework and with Euro investors, the OPEC Fund has been able to launch a very successful inaugural Euro 500 million Sustainability transaction. Record books in excess of €9 billion and more than 150 orders in a market that has been volatile recently is a strong statement and positions the OPEC Fund in a very convincing way for future Euro issuances. We would like to congratulate the OPEC Fund team for this great outcome and are very proud to have assisted the issuer as sole sustainability structuring advisor and joint lead manager".

Katrin Wehle, Managing Director, Head of SSA DCM Origination, Deutsche Bank, said:

"The remarkable success of this inaugural Euro transaction, drawing strong investor interest across the globe, powerfully demonstrates the OPEC Fund's creditworthiness and its steadfast dedication to fostering sustainable development to developing countries. Expanding its investor reach with the issuance of a Euro Benchmark marks a pivotal achievement for the OPEC Fund and we congratulate the team on this fantastic debut."

About the OPEC Fund:

The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries exclusively. The organization was established in 1976 with a distinct purpose: to drive development, strengthen communities and empower people in low- and middle-income countries around the world. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, the OPEC Fund has committed more than US$30 billion to development projects in over 125 countries with an estimated total project cost of more than US$200 billion. The OPEC Fund is rated AA+/Outlook Stable by Fitch and S&P Global Ratings. Our vision is a world where sustainable development is a reality for all.

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