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PRESS RELEASE September 12, 2019

World Bank Prices AUD 500 Million Increase of 2024 Global Bond

Washington, D.C., September 12, 2019— The World Bank (International Bank for Reconstruction and Development - IBRD, Aaa/AAA) today priced an AUD 500 million increase of the outstanding 2024 AUD 2.1 billion global benchmark originally launched in February 2019, bringing the total size to AUD 2.6 billion. The bond is a Sustainable Development Bond that supports the World Bank’s sustainable development lending.

The bond carries a coupon of 2.2% per annum and matures on February 27, 2024. CBA, RBC Capital Markets and TD Securities were joint lead managers for this transaction. The bond is listed on the Luxembourg Stock Exchange.

Transaction Summary

Issuer:

International Bank for Reconstruction and Development, IBRD

Issuer rating:

Aaa /AAA (Moody's / S&P)

Maturity

5-year

Amount:

AUD 500 million (taking the outstanding to AUD 2,600,000,000)

Settlement date:

19 September 2019

Coupon:

2.200% per annum

Coupon payment dates:

Payable semi-annually on 27 February and 27 August of each year, beginning on 27 February 2020

Maturity date:

27 February 2024

Reference Benchmark:

ACGB 2.75% April 2024

Issue price:

103.872% of the Amount of this tranche, plus 23 days of accrued interest

Issue yield:

1.299% semi-annually

Denomination:

AUD 1,000 (minimum consideration payable when issued in Australia will be AUD 500,000)

Final redemption at maturity
(per Specified Denomination):

Par

Spread to Benchmark:

ACGB 2.75% April 2024 + 41.3bps

Listing:

Luxembourg Stock Exchange

ISIN:

AU3CB0261212

Clearing system:

Austraclear, Clearstream, Euroclear

Joint lead managers:

CBA, RBC Capital Markets, TD Securities

Investor Distribution by Investor Type

Investor Distribution by Region

Central Banks/Official Institutions

12%

Europe

40%

Asset Managers/Insurance/Pension Funds

27%

Asia

29%

Banks/Bank Treasuries/Corporates

61%

Australia

28%

 

Japan

3%


This press release is not an offer for sale of securities of the International Bank for Reconstruction and Development ("IBRD"), also known in the capital markets as "World Bank". Any offering of World Bank securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank, and is subject to restrictions under the laws of several countries, including under the laws of New South Wales. World Bank securities may not be offered or sold except in compliance with all such laws.

 

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 70 years to fund its activities that achieve a positive impact. Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.

Contact

Heike Reichelt

Head of Investor Relations and New Products

The World Bank

+1 202 477 2880

debtsecurities@worldbank.org


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