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World Bank Launches Australian Dollar Green Bonds for a Japanese Regional Bank

Shimane, November 16, 2010 – Today the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) issued World Bank Green Bonds denominated in Australian Dollars for a single Japanese institutional investor, San-in Godo Bank, Ltd., one of the largest local banks in the San-in region of western Honshu. This is the first AUD denominated green bond issue designed for a single Japanese institutional investor.

The proceeds of green bonds support the World Bank’s lending to eligible development programs that are designed to tackle the causes and consequences of climate change in the developing world. Examples of the types of eligible projects include alternative energy installations, funding for new technologies that reduce greenhouse gas emissions, reforestation, watershed management and flood protection. To date, the World Bank has issued approximately USD 1.6 billion equivalent of green bonds.

The notes have a term of five years and pay a fixed rate coupon. JP Morgan Securities Ltd. is the sole underwriter for this transaction.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)

Issuer rating: Aaa/AAA

Amount: AUD 30 million
Settlement date: November 16, 2010
Maturity date: November 16, 2015

Coupon: 5.40%, paid semi-annually
Denomination: AUD 1,000,000

Lead Manager: J.P. Morgan Securities Ltd.

For more information on World Bank Green Bonds, please visit http://treasury.worldbank.org/greenbonds

 

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944. It operates as a global development cooperative owned by 187 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The overriding goal is to achieve major, sustainable improvements in standards of living worldwide. It has been issuing bonds in the international capital markets for over 60 years to fund its activities. Information for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).

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