The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) 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…
Read More »
