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World Bank Returns to Kauri Market with a New Zealand Dollar Global Bond

Washington, DC, August 3, 2011 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new NZD 300 million 5-year fixed rate global bond. This transaction marks the return of the World Bank to New Zealand’s domestic market after its July 2010 offering. The bonds were distributed to a broad range of institutional investors in New Zealand 62%, Asia 22%, Europe 8% and Japan 8%. The joint lead managers for the transaction were ANZ and TD Securities.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Amount: NZD 300 million
Issue Date: August 16, 2011
Maturity Date: August 16, 2016
Issue Price: 99.5887%
Coupon: 4.50% s.a.
Denomination: NZ$1,000 and multiples thereof;
within New Zealand, NZ$100,000 minimum with multiples of NZ$1,000 thereafter
Listing: Luxembourg
Clearing System: NZClear, Euroclear and Clearstream
Lead Manager: ANZ, TD Securities
ISIN: NZIBDDT004C3

NZD

 

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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