World Bank prices Kangaroo SDB

Wednesday, 04 January 2023

Issuer name: The World Bank
Issuer rating: AAA/Aaa
Issue rating: as issuer
Pricing date: 4 January 2023
Settlement date: 13 January 2023
Maturity date: 13 January 2028
Lead managers: ANZ, Commonwealth Bank of Australia, Nomura, TD Securities

Transaction type: Kangaroo Sustainable Development Bond
Volume: A$1.5 billion (US$1 billion)
Total outstanding in the line: A$1.5 billion
Coupon type: fixed
Coupon rate: 4.4%
Issue/re-offer price: 99.989%
Issue yield: 4.4025%
Margin: 40bp/s-q swaps
Margin to ACGBs: 81.25bp/November 2027