World Bank Prices Global Dual Tranche Australian Dollar Bonds Totaling AUD 1.65 Billion

The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) today priced a long-dated 5-year AUD 1.1 billion and a 10-year AUD 550 million Sustainable Development Bond representing IBRD’s largest-ever AUD issuance and the largest for the Sovereigns, Supranationals, and Agencies (SSA) issuer segment in the Kangaroo market in a single outing.

The 5-year AUD 1.1 billion bond offers a coupon of 0.50% p.a. with a May 18, 2026 maturity and has an issue price of 99.838 % to yield 0.53% (semi-annual). This equates to a spread of 18.5 basis points over the 4.25% Australian Commonwealth Government Benchmark (ACGB) due April 2026.

The 10-year AUD 550 million offers a coupon of 1.100% p.a. with a November 18, 2030 maturity and has an issue price of 99.06% to yield 1.2% (semi-annual). This equates to a spread of 28.1 basis points over the 1.00% ACGB due December 2030.

The joint lead managers for the transactions are ANZ, Nomura, RBC Capital Markets and TD Securities.

“We are extremely pleased to return to the AUD market,” said Andrea Dore, Head of Capital Markets, World Bank. “The dual tranche allowed us to meet investor demand from different segments of the market and provide a high-quality investment. We thank investors for their support of the World Bank’s sustainable development mission to end extreme poverty and boost shared prosperity in member countries.”