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World Bank Launches Bond in Nigerian Naira

Washington, DC, April 17, 2013 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Nigerian Naira (NGN) 7.892 billion 1-year fixed rate bond. The notes mature on April 30, 2014 and have an annual coupon of 9.25%.

The bonds will be distributed to retail and institutional investors in Asia, Europe, and USA.

The sole lead-manager for the transaction is Standard Chartered Bank.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Amount: NGN 7.892 billion (USDeq. Approximately 50 million)
Issue Date: April 30, 2013
Maturity Date: April 30, 2014
Issue Price: 100%
Coupon: 9.25% annual
Denomination: NGN 20,000,000 and integral multiples of 1,000,000 in excess thereof
Listing: Luxembourg Stock Exchange
Clearing System: Euroclear / Clearstream
Lead Manager: Standard Chartered Bank
ISIN: XS0921725460


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 188 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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