IFC’s 10-Year Kangaroo Bond Raises $500 Million Australian for Private Sector Development

In Washington, D.C.: 
Alexandra Klopfer 
Phone:  (202) 473-4645 
E-mail:  AKlopfer@ifc.org 

In Sydney: 
Sara King 
Phone:  61 2 9235-6524 
E-mail:  Sking@ifc.org 




Washington, D.C., July 21, 2010—IFC, a member of the World Bank Group, today 
announced the launch of its first 10-year Kangaroo bond.  The benchmark 500 
million Australian-dollar ($436 million equivalent) issue is part of IFC’s 
regular program of raising funds for private sector development lending in 
emerging markets.  It is also IFC’s first 10-year benchmark-type bond since 
1995.   

The securities were priced at 66.5 basis points over the underlying Australian 
government bond and will mature on July 28, 2020.  Australia and New Zealand 
Banking Group, Commonwealth Bank of Australia, and UBS were the joint lead 
managers for this transaction.

“IFC is pleased to maintain our commitment to the Australian-dollar market,â
€ said John Borthwick, IFC Deputy Treasurer and Head of Funding.  â€œThe 
10-year note fits our strategy of expanding our yield curve in Australia 
through substantial transactions in the benchmark maturities and reflects the 
significant interest of investors in Australia and across Asia.”  

The proceeds of the issue were swapped into floating rate U.S. dollar funds and 
will be used to finance IFC’s lending operations.  IFC provides loans, 
equity, structured finance, risk-management products, as well as advisory 
services to private enterprises in developing countries. 

IFC’s market borrowing activities focus on two key goals—raising and 
securing funds to meet IFC’s annual funding requirements and stimulating 
growth in emerging capital markets by issuing bonds in local currencies such as 
Brazilian reais, Central African francs, and Malaysian ringgit. 

For the fiscal year beginning on July 1, 2010, IFC has a planned global 
borrowing program of up to $12.5 billion equivalent.  IFC’s long-term debt is 
rated triple-A by both Standard & Poor’s and Moody’s Investors Service.  

IFC most recent Kangaroo bond was a five-year issue launched in March 2010. 
 Kangaroo bonds are Australian-dollar denominated bonds sold by foreign 
borrowers in Australia. 

About IFC  
IFC, a member of the World Bank Group, is the largest development institution 
focused on the private sector in developing countries. We create opportunity 
for people to escape poverty and improve their lives—by providing financing 
to help businesses employ more people and provide essential services, 
mobilizing capital from others, and delivering advisory and risk-management 
services to ensure sustainable development. In a time of global economic 
uncertainty, our new investments climbed to a record $18 billion in fiscal 
2010. For more information, visit www.ifc.org.