World Bank Launches 270 billion South Korean Won-Linked Eurobond
Washington, DC, February 12, 2010 –
Today, The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA),launched a South Korean won (KRW) 270 billion 2.30% KRW/USD FX Linked Notes. The notes will be placed with institutional investors in Europe via JP Morgan as the sole lead manager.
This is our second KRW transaction; the first KRW euro transaction was executed in 1997.
Amount: KRW 270 billion*
Settlement Date: February 26, 2010
Maturity Date: February 26, 2013
Issue Price: 100%
Coupon: 2.30% annually
Denomination: KRW 1,000,000 (plus integral multiples of KRW 10,000 in execess threof)
Listing: Luxembourg Stock Exchange
Clearing Systems: Euroclear and Clearstream
*On March 3, 2010, IBRD agreed to increase the nominal amount of the bond by the issue of a second tranche for an amount of KRW 114.5 billion with an issue price of 100.65% (settlement date: March 18, 2010). On April 7, 2010, IBRD agreed to increase the principal amount of the bond by the issue of a third tranche for an amount of KRW 20 billion with an issue price of 100.15% (settlement date: April 23, 2010). On May 20, 2010, IBRD agreed to further increase the principal amount of the bond by the issue of a fourth tranche for an amount of KRW 12 billion with an issue price of 102% (settlement date: June 3, 2010). The new total outstanding principal amount is KRW 416.5 billion.
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.
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