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World Bank Announces its First Fed Fund Floating Rate

Washington, DC, July 20, 2011 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Fed Fund floating rate USD 1 billion 1-year note. This transaction is the World Bank’s first Fed Fund floating rate note.

Transaction Summary:


Amount: USD 1 billion
Issue Date: July 25, 2011
Maturity Date: July 25, 2012
Issue Price: 100%
Coupon: USD Fed Fund rate + 15 bps
Denomination: USD 100,000 and multiples of USD 1,000 in excess thereof
Listing: None
Clearing System: DTC
Governing Law: New York
Underwriter: BNP Paribas

 

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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