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World Bank Launches Bond in Indian Rupee

Washington, DC, April 3, 2012 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a 3-year fixed rate note denominated in Indian Rupee (INR). Payments for the INR 2 billion note will be made in USD.

The lead order for this transaction was from Nikko Asset Management Co., Ltd. (Nikko AM) for the World Supporter Fund, a fund comprised principally of World Bank bonds in a variety of emerging market currencies managed by Nikko AM.

The sole lead-manager for the transaction is TD Securities.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Amount: INR 2 billion (payable in USD) Equivalent USD 39.4 million
Settlement date: April 16, 2012
Maturity date: April 2, 2015
Issue Price: 99.9635%
Coupon: 5% annually
Denomination: INR 50,000 and multiples thereof
Listing: Luxembourg Stock Exchange
ISIN: XS0771827218

 

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944. It operates as a global development cooperative owned by 187 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The overriding goal is to achieve major, sustainable improvements in standards of living worldwide. It has been issuing bonds in the international capital markets for over 60 years to fund its activities. Information for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).

 

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