World Bank Raises AUD 1.5 Billion with Dual Tap of 3-Year and 10-Year Sustainable Development Bonds
United States, Sept. 10 -- The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA, Moody's/S&P) increased the size of its August 2028 and February 2035 Sustainable Development Bonds by AUD 800 million and AUD 700 million, respectively, raising a total of AUD 1.5 billion.The transactions drew a combined order book of over AUD 3 billion. Investor demand was led by bank treasuries and central banks/official institutions in Asia and Australia. The new outstanding amounts for the August 2028 and February 2035 Sustainable Development Bonds are AUD 1.7 billion and AUD 1.3 billion, respectively.The 3-year tap of the 3.30% August 2028s priced at ASW +35 bps (equivalent to ACGB May 2028 +31.5 bps). The 10-year tap of the...
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