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.