By Marisa Wong
Morgantown, W.Va., Feb. 6 – International Bank for Reconstruction and Development priced two new 10-year sustainable development bonds denominated in Australian dollars and New Zealand dollars, according to a press release.
The A$5 million bond carries a coupon of 3%, and the NZ$5 million bond bears interest at 3.6%.
BNP Paribas is lead manager.
Both bonds will be listed on MOT of Borsa Italiana – the Australian dollar-denominated bonds starting on Feb. 6 and the New Zealand dollar-denominated bond starting on Feb. 7.
These sustainable development bonds give retail investors an opportunity to combine their financial objectives with social and environmental sustainability goals, the World Bank said.
The global development financing cooperative is based in Washington, D.C.
| Issuer: | International Bank for Reconstruction and Development (World Bank)
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| Issue: | Sustainable development bonds
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| Amount: | A$5 million, NZ$5 million
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| Maturity: | Feb. 6, 2027
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| Lead manager: | BNP Paribas
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| Offer period: | Jan. 16-Jan. 27
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| Listing: | MOT of Borsa Italiana
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|
|
| 3% bonds
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| Amount: | A$5 million
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| Coupon: | 3%
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| Offer price: | A$2,000
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| Settlement date: | Feb. 6
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|
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| 3.6% bonds
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| Amount: | NZ$5 million
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| Coupon: | 3.6%
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| Offer price: | NZ$2,000
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| Settlement date: | Feb. 7
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