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 | 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
