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World Bank Issues First Bond in Thai Baht

Washington, DC, June 3, 2011 – Bangkok, June 2, 2011 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Thai Baht (THB) 1.25 billion 3-year fixed rate note in the Thai domestic bond market. This transaction is the World Bank’s first issue in THB. The sole lead manager for the issue is HSBC.

Transaction Summary:


Amount: THB 1.25 billion
Issue Date: June 10, 2011
Maturity Date: June 10, 2014
Issue Price: 100%
Coupon: 2.05%
Listing: Thai Bond Market Association
Clearing System: Thai Securities Depository
Governing Law: Thai law
Underwriter: HSBC Bangkok Branch

This transaction is part of the World Bank’s strategy of offering investors opportunities to invest in World Bank bonds in a variety of currencies and markets. This approach has direct benefits for World Bank member countries as well, since these transactions support both the development of its members' capital markets and the World Bank's activities as a provider of financial services for its members on highly attractive terms.

The World Bank's bond products and investor presentation can be accessed through the website of the World Bank for bond investors (www.worldbank.org/debtsecurities). For a list of selected bonds issued recently by the World Bank, see http://treasury.worldbank.org/recentissues.

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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