Skip to Main Navigation
PRESS RELEASEFebruary 8, 2024

Strong International Demand for World Bank’s Australian Dollar Offering Leads to Record AUD 1.3 billion Tap Size

WASHINGTON, D.C., February 8, 2024 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a reopening of its 4.40% Australian Dollar Sustainable Development Bond due January 13, 2028, bringing the total size of the bond to AUD 2.8 billion. The Sustainable Development Bond increase raised an additional AUD 1.3 billion to support the World Bank’s efforts to eradicate poverty on a livable planet and was a record tap size for a supranational issuer in that market.

The joint-lead managers for the transaction are TD Securities and Nomura International plc.

“This tap follows our successful AUD bond earlier this year, and once again offers investors currency diversification in a safe, liquid product that supports positive impact. It emphasizes our global market access, flexibility and ongoing commitment to investor needs,” said Jorge Familiar, Vice President and Treasurer, World Bank.  “We are thankful for our dedicated Australian dollar investors who support the World Bank’s sustainable development mandate.”


Investor Breakdown by Type

Central Banks/Official Institutions


Banks/Bank Treasuries/Trading


Asset Managers/Pension Funds


Investor Breakdown by Geography





Europe / Middle East/ Africa (EMEA)



Lead Manager Quotes

“We congratulate the World Bank on another fantastic print in the Australian dollar market. With an issue size of AUD 1.3 billion, this is the largest Sovereign, Supranational and Agency (SSA) Australian dollar bond increase ever and is testament to the World Bank's following in the AUD market from global investors. This bond is now the World Bank's largest outstanding AUD line and will serve as an important liquid reference point for the World Bank AUD curve as well as for the broader SSA market. TD is delighted to have been involved in this transaction,” Matt Jaconelli, Director, TD Securities.

“A huge result for the World Bank today with a AUD 1.3 billion increase to their January 2028 AUD Sustainable Development Bond. A commanding decision to opt for an intraday syndication was rewarded with the largest ever book and indeed print of any SSA Australian dollar tap. The success of the increase is a testament to the World Bank’s global market focus, as well as the broad investor support for the World Bank’s mandate and credit quality. Nomura is delighted to be a part of the transaction.Mark Yeomans, Managing Director-Debt Capital Market, Nomura International Plc.


Transaction Summary


World Bank (International Bank for Reconstruction and Development, IBRD)

Issuer rating:



AUD 1.3 billion (total outstanding AUD 2.8 billion)

Settlement date:

February 15, 2024

Minimum denominations and minimum holding:

AUD 1,000. The minimum consideration payable when issued in Australia:  AUD 500,000


4.40% p.a. payable semi-annually

Maturity date:

January 13, 2028

Re-offer price:


Re-offer yield:

4.2325% semi-annual


Luxembourg Stock Exchange

Clearing systems:

Austraclear / Euroclear / Clearstream



Joint lead managers:

Nomura International plc., TD Securities


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, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 nations. The World Bank provides loans, guarantees, risk management products, and advisory services to middle-income and other creditworthy countries to support the Sustainable Development Goals and to end extreme poverty and promote shared prosperity. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years to fund programs and activities that achieve a positive impact. More information on World Bank bonds is available at

World Bank bonds support the financing of programs that further the Sustainable Development Goals (SDGs). World Bank bonds are aligned with the Sustainability Bond Guidelines published by the International Capital Market Association and as such support the financing of a combination of green and social, i.e., “sustainable development” projects, programs and activities in IBRD member countries as described in the World Bank Sustainable Development Bond Framework. The World Bank is also a member of the Executive Committee of the Green Bond, Social Bond, and Sustainability Bond Principles. A key priority for the World Bank’s capital markets’ engagement is building strategic partnerships with investors to promote the importance of private sector financing in sustainable development. The World Bank’s Sustainable Development Bond Impact Report describes how the World Bank engages with investors on the SDGs and raises awareness for specific development challenges.


Net proceeds of the bonds described herein are not committed or earmarked for lending to, or financing of, any particular projects or programs. Payments on the bonds described herein are not funded by any particular project or program.

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. The World Bank Sustainable Development Bond Framework and The World Bank’s Sustainable Development Bond Impact Report and the information set forth therein are not a part of, or incorporated by reference into, the offering documentation.



Heike Reichelt, The World Bank

+1 202 477 2880



    loader image


    loader image