It is the first time a bond issue for a supranational issuer has been offered domestically to the retail public, said Rod Smith, head of debt capital markets at Westpac Institutional Bank.
"In addition to raising funding, the World Bank was able to inform the New Zealand public of the extent and quality of its work to facilitate positive social and economic change around the globe and we are proud to have been involved in facilitating this socially responsible investing," he said.
The issuer is International Bank for Reconstruction and Development (IBRD), part of the World Bank Group. The notes are senior unsecured obligations of IBRD. The minimum holding of notes is $5,000.
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