Joint Lead Manager Quotes:
“This trade is further evidence of the in-depth knowledge and understanding that the World Bank has of the Kangaroo market. The pricing of this transaction was faultless. The result was a very granular and diverse book comprising of both domestic and offshore accounts across the investor universe. TD Securities was very pleased to be included in this transaction,” said Tom Irving, Managing Director, Head of Asian Syndicate, TD Securities.
“Another very successful AUD transaction for the World Bank. The broad reach of investors both by
“World Bank once again demonstrated why the AUD market remains a strategic market for funding diversification for the issuer. The transaction demonstrated broad investor participation in terms of geography and type for this highly sought-after name, allowing the transactions to be upsized. The scarcity of World Bank issuance in AUD in this sector of the curve has enabled the issuer to successfully combine volume and price targets to meet their funding objectives,” said Daniel Chandler, Director, Debt Capital Markets, Asia-Pacific at RBC Capital Markets.The notes are issued under the laws of New South Wales and documented under the World Bank's Global Debt Issuance Facility. The notes will be listed on the Luxembourg Stock Exchange, will settle through Austraclear, Euroclear and Clearstream, and are intended to qualify as eligible collateral for repurchase agreements for the Reserve Bank of Australia’s open market operations.
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 188 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 sustainable
development activities and achieve a positive impact. Information for investors is available on the
World Bank Treasury website: (http://treasury.worldbank.org/capitalmarkets).