IFC prices A$550 mln increase to 2014 Kangaroo issue

Published: 05 Nov 2009 20:59:06 PST

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SYDNEY, Nov 6 - The International Finance Corporation (IFC) has priced a A$550 million ($500 million) increase to its 5.75 percent, June 2014 benchmark issue, lead managers ANZ and Commonwealth Bank said on Friday.

The fixed-rate issue priced at 98.505 to yield 6.125 percent, 79.5 basis points over the June 2014 government bond. The IFC had originally offered a A$300 million increase.

The total outstanding on this line has now risen to A$1.8 billion.

The IFC is the World Bank's private-sector lender.