World Bank’s IBRD Seeks to Sell First Kangaroo Bonds in Year
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The World Bank’s International Bank for Reconstruction and Development is seeking to sell kangaroo bonds for the first time since January 2011.
The IBRD is planning to sell debt due in 2017 and 2022, in an offering managed by Westpac Banking Corp., Australia & New Zealand Banking Group Ltd. and TD Securities Inc., according to an e-mailed statement from Westpac today. The Washington-based borrower’s last offering was in January last year, when it priced A$1 billion ($1.1 billion) of 2014 and 2020 notes, Bloomberg data show.