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World Bank Increases Kauri Global Bond due in August 2016

Washington, DC, February 8, 2012 – Today, the World Bank (IBRD, Aaa/AAA) priced an increase to its existing NZD 300 million 5-year global bond due August 2016. The bonds were distributed to a broad range of institutional investors in New Zealand, Asia, and Europe. The joint lead managers for the transaction were ANZ and Deutsche Bank.

The new outstanding amount for the World Bank Kauri that matures in August 2016 is now NZ$ 625 million. With this transaction, the volume of all outstanding NZ$ World Bank global bonds is above NZ$ 2 billion.

Investor Distribution

By Geography By Investor Type
Domestic
65%
Bank Treasuries
57%
Asia
23%
Asset Managers
40%
Europe
12%
Official Institutions
 3%

 

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: NZD *325 million
Settlement date: February 16, 2012
Maturity date: August 16, 2016
Issue price: 103.401575%
Coupon: 4.50%
Denomination: NZ$1,000 and multiples thereof;                                                                                                Denomination within New Zealand: NZ$100,000 with multiples of NZ$1,000 thereafter
Listing: Luxembourg Stock Exchange
Clearing system: NZClear, Euroclear and Clearstream
Joint lead managers: ANZ, Deutsche Bank
ISIN: NZIBDDT004C3

* Information on the original transaction is available at: World Bank Returns to Kauri Market with a New Zealand Dollar Global Bond

 

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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