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Washington, D.C., July 2, 2026 – The International Finance Corporation (IFC), a member of the World Bank Group, launched its fiscal year 2027 funding program with the issuance of an AUD1.5 billion 5.5-Year benchmark bond.
The transaction is IFC's largest Australian dollar issuance to date, underscoring IFC's long-standing commitment to the Kangaroo market and to maintaining a liquid benchmark curve for investors, while filling the last gap in IFC's well-developed Australian dollar curve.
The fixed-rate note carries a coupon of 4.80% and priced at 36 basis points over the over the Australian government bond due November 2031.
Final orders from over 50 investors exceeded AUD 4 billion, demonstrating robust and diverse investor appetite for high-quality SSA issuance in the Australian dollar market.
The transaction attracted strong demand from a high-quality and geographically diversified investor base, including bank treasuries, central banks, and official institutions. Asia accounted for 43% of allocations, followed by Europe, Middle East and Africa (EMEA) (33%), and Australia and New Zealand (24%).
"This transaction demonstrates the depth of investor demand for IFC and our commitment to maintaining a liquid benchmark curve across key funding markets," said Jorge Familiar, Vice President and Treasurer, World Bank Group. "IFC's largest Kangaroo bond broadens liquidity, providing efficient funding to support IFC's development mission."
The issuance marks IFC's first benchmark bond of the fiscal year and its first new AUD line since February 2025, when IFC issued an AUD 1.2 billion 5.25-year Kangaroo social bond. IFC remains a regular issuer in the Australian dollar market, where its domestic bonds are repo-eligible with the Reserve Bank of Australia.
The transaction was arranged by Commonwealth Bank of Australia, Daiwa Capital Markets Europe, J.P. Morgan, and TD Securities.
“Congratulations to the IFC team for an outstanding result on their return to the AUD Kangaroo market and first benchmark since Feb 2025. This new AUD 1.5 billion 5.5-year Bond transaction sets a new milestone as the largest single issuance volume for a new IFC line in the Kangaroo market. This transaction also set new historical records for both orderbook size and total number of investors in an AUD transaction for IFC. This phenomenal outcome is testament to the name quality that investors associate with the IFC name, and the ongoing investor work carried out by the team over many years. It was a pleasure for the CBA team to work with the IFC team on their return to the Kangaroo market.” - Peter Seung, Head of DCM & Syndicate, Asia, Commonwealth Bank of Australia
“We congratulate the IFC team on its highly successful AUD 5.5-year benchmark. The final size of AUD 1.5bn represents IFC's biggest Kangaroo primary transaction to date, demonstrating IFC’s strong ability to access liquidity in the AUD market. The deal was supported by a remarkably diversified book that serves as a testament to the exceptional investor relations work IFC does globally. Daiwa is delighted to have been part of this landmark transaction.” - Manshun Chan, Head of AUD Syndicate, Daiwa Capital Markets
“Launching the new fiscal year with IFC’s largest-ever AUD transaction is an impressive achievement and a testament to the market’s confidence in IFC’s credit and purpose. J.P. Morgan is proud to have partnered with IFC to bring this milestone A$1.5bn issue to market.” - Tim Pinchen, Executive Director, AUD Syndicate, J.P. Morgan
"TD are delighted to have acted as a joint lead manager on IFC's return to the benchmark AUD market. The response following a 16-month absence is a testament to IFC's appeal to Australian dollar investors both domestically and abroad. The transaction marks IFC’s largest ever benchmark transaction at AUD1.5bn on their largest ever order book at AUD4.1bn. A huge congratulations to the IFC team on such a successful outing in the AUD market." - Matt Jaconelli, Director, TD Securities
IFC Kangaroo Bond Terms
| Issuer: | International Finance Corporation (IFC) |
| Issue Rating: | Aaa (Moody’s) / AAA (S&P) |
| Amount: | AUD1.5 billion |
| Trade Date: | 2 July 2026 |
| Issue Date: | 10 July 2026 |
| Maturity Date: | 6 February 2032 |
| Reoffer Spread vs Semi Quarterly Asset Swap: | +35 bps |
| Spread to Government Benchmark: | +36 bps over ACGB 1.00% Nov-31 |
| Coupon: | 4.80% s.a RBA bond basis |
| Reoffer Price/Yield: | 99.740/4.853% |
| Lead managers: | Commonwealth Bank of Australia, Daiwa, J.P. Morgan, TD Securities |
| ISIN: | AU3CB0337095 |
Distribution Statistics
Type
Bank Treasuries: 39%
Central Banks/Official Institutions: 31%
Asset Managers/Insurers: 30%
Geography
Asia: 43%
EMEA: 33%
Australia/New Zealand: 24%
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. IFC provides financing to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet. For more information, visit www.ifc.org.
Disclaimer
This press release is not an offer for sale of securities of the International Finance Corporation ("IFC"). Any offering of IFC 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 IFC or on behalf of IFC, and is subject to restrictions under the laws of several countries, including the laws of Australia. Securities issued by IFC may not be offered or sold except in compliance with all such laws. None of the information set forth herein are part of, or incorporated by reference into, the offering documentation.
Under no circumstances shall IFC or its affiliates be liable for any loss, damage, liability, or expense incurred or suffered which is claimed to have resulted from use of this material, including without limitation any direct, indirect, special, or consequential damages, even if IFC has been advised of the possibility of such damages.
For additional information concerning IFC, please refer to IFC’s current “Information Statement”, financial statements and other relevant information available at www.ifc.org/investors.
About The World Bank
The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global challenges. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.
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