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

Washington, DC, July 31, 2012 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a new NZD 400 million 5-year fixed rate global bond. This is the World Bank’s largest Kauri bond issued to date. This transaction marks the return of the World Bank to New Zealand’s domestic market after its February 2012 offering. The bonds were distributed to a broad range of institutional investors in Asia 50%, New Zealand 42%, and Europe 8%.

The joint lead managers for the transaction were ANZ National Bank and Deutsche Bank.

NZD Global Bond

 

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: NZD 400 million
Settlement date: August 13, 2012
Maturity date: August 13, 2017
Issue price: 99.453855%
Coupon: 3.375% s.a.
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
Joint lead managers: ANZ National Bank, Deutsche Bank
ISIN: NZIBDDT005C0

 

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 activities. Information for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).

 

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