World Bank launches new seven-year Kangaroo green bond

On 15 November, World Bank (AAA/Aaa) launched a new, indicative A$300 million (US$218.2 million) seven-year Kangaroo green-bond transaction, marking the 10-year anniversary of the first green bond issued in 2008. Indicative price guidance for the forthcoming deal is 39 basis points area over semi-quarterly swap, equivalent to 48.25 basis points area over Australian Commonwealth government bond.