World Bank

Thursday, 22 November 2018

New investors, not volume, the target of World Bank’s latest sustainability bond

Accessing private investors and adding scale to tangible impact investing motivated World Bank to bring its new sustainable growth bond. The issuer and its lead say the deal presented a unique opportunity to engage new investors on the UN sustainable development goals (SDGs) and World Bank’s bond issuance.

Thursday, 21 February 2019

Rates backdrop drives scale of demand for World Bank Kangaroo

World Bank’s latest Kangaroo deal marks its return to large mid-curve volume issuance, having been absent since September 2017. The leads and issuer say a softening global rates environment and increasingly positive market tone were key in achieving very robust volume outcome.

Tuesday, 19 February 2019

World Bank launches new five-year Kangaroo deal

On 19 February, World Bank (AAA/Aaa) launched an indicative A$500 million (US$356.1 million), new five-year Kangaroo bond, via ANZ, J.P. Morgan and Nomura. The forthcoming deal has indicative price guidance of 39 basis points are over semi-quarterly swap, equivalent to 53.25 basis points area over Australian Commonwealth government bond. Pricing is expected on the day after launch.

Friday, 25 January 2019
Dec/Jan 2018/19 IWI Supplement

Sustainable-debt trends

Trends and data from the Australasian sustainable-debt market.

Friday, 18 January 2019

Domestic-investor focus for Kauri market to start 2019

The Kauri market saw its first deal of 2019 on 16 January when World Bank priced a NZ$400 million (US$270.7 million), five-year deal. Deal sources say offshore interest in Kauri deals has waned but robust domestic participation and low relative yield are accommodative to issuers.

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