World Bank prices A$700m new five-year
- Tuesday, 15 January 2013
World Bank has priced its first Kangaroo deal of 2013 – a A$700 million (US$738 million) new five-year line led by ANZ, Deutsche Bank and TD Securities.
Issuer name: World Bank
Issuer rating: AAA/Aaa
Issue rating: as issuer
Pricing date: January 15 2013
Settlement date: January 24 2013
Maturity date: January 24 2018
Lead managers: ANZ, Deutsche Bank, TD Securities
Volume: A$700 million
Total outstanding in this line: A$700 million
Coupon type: fixed
Coupon rate: 3.5% (semi-annual)
Issue/re-offer price: 99.727%
Issue yield: 3.56%
Margin to swap: 18bps/semi-quarterly coupon matched asset swap
Margin to ACGB: 60bps/5.5% Jan 2018
Issuer's outstanding Kangaroo volume: A$8.25 billion
Number of Kangaroo lines: eight
Next maturity date: October 21 2014
Next maturity volume: A$1.4 billion
Previous issue date: February 28 2012
Previous issue maturities: Mar 7 2017 and Mar 7 2022
Previous issue volume: A$700 million and A$350 million
Previous issue margin: 99.75bp/ACGB and 99/ACGB
