The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA, Moody’s/S&P) has successfully raised AUD 1.5 billion by reopening its August 2028 and February 2035 Sustainable Development Bonds. The taps added AUD 800 million to the 3-year line and AUD 700 million to the 10-year line, bringing their outstanding amounts to AUD 1.7 billion and AUD 1.3 billion, respectively.
Investor demand was strong, with a combined order book exceeding AUD 3 billion. The majority of interest came from bank treasuries and central banks or official institutions across Asia and Australia.
The 3-year tap of the 3.30% August 2028 bonds priced at ASW +35 basis points (equivalent to ACGB May 2028 +31.5 bps), while the 10-year tap of the 4.95% February 2035 bonds priced at ASW +65 basis points (equivalent to ACGB December 2034 +40 bps).
Andrea Dore, the World Bank’s Global Head of Funding, emphasized the importance of the transaction: “We are focused on providing high-quality investment opportunities for investors and are thrilled to be able to tap these two lines to meet demand of Australian dollar investors at both the short and long ends. The continued confidence from investors enables us to efficiently deliver on our mission to end extreme poverty and boost shared prosperity on a livable planet.”
The issuance was arranged by Daiwa Capital Markets, RBC Capital Markets, TD Securities, and UBS AG Australia Branch.
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