World Bank launches new five-year Kauri

Disclosure type: launch
Issuer name: World Bank
Issuer rating: AAA/Aaa
Expected issue rating: as issuer
Announcement date: 17 January 2023
Expected pricing date: 18 January 2023
Lead managers: BNZ, Commonwealth Bank of Australia, TD Securities

Transaction type: senior-unsecured Kauri Sustainable Development Bond
Indicative volume: NZ$300 million (US$275.4 million) minimum
Tenor date: five years
Coupon type: fixed
Price guidance: 33bp/mid-swap, 61.95bp/May 2028 NZGB