World Bank launches its first Kangaroo tap for a decade

On April 12 the World Bank (AAA/Aaa/AAA) launched an increase to its November 2016 and October 2019 Kangaroo lines. The transaction, which will price on or before April 14, will be the first time the World Bank has tapped a Kangaroo bond since it last added to its debut issue in January 2000. That line, which was increased twice following initial pricing in 1999, matured in 2003.