World Bank seizes ‘perfect opportunity’ for monster Kangaroo bond
World Bank gave the flagging volumes in the SSA Kangaroo bond market a huge boost this week by printing the biggest ever bond in the sector in a single outing with a combined A$1.65bn ($1.19bn) deal across two tranches.
The issuer raised A$1.1bn with a May 2026 line and a further A$550m with a 10 year. The shorter tranche was priced to yield 53bp, 18.5bp over the April 2026 Australian Commonwealth Government Bond. The 10 year yielded 1.2%, 28.1bp over the December 2030 ACGB.ANZ, Nomura,