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World Bank Launches NOK 1 Billion 5-Year Global Bond

Washington, DC, May 16, 2012 – The World Bank (IBRD, rated Aaa/AAA) priced today a 5-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on May 29, 2017 and have an annual coupon of 2.125%.

The bonds were distributed to a broad range of institutional investors in Asia and Europe. The lead manager for the transaction was HSBC Bank plc.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: NOK 1 billion (USD eq. 167.2 million)
Settlement date: May 29, 2012
Maturity date: May 29, 2017
Issue price: 100.907%
Coupon: 2.125% annually
Denomination: NOK 10,000 and multiples thereof
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear/Clearstream
Joint lead managers: HSBC Bank plc
Co-lead managers: Daiwa Capital Markets Europe Ltd., Rabobank International, RBC Capital Markets, The Toronto Dominion Bank
ISIN: XS0785357848

Investor Distribution:

By Geography
By Investor Type
Asia 65% Asset Managers 58%
Europe 35% Banks 20%
    Central Banks / Official Institutions 22%

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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