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World Bank Launches NOK 1 Billion 5-year Global Bond

Washington, DC, February 23, 2012 – The World Bank (IBRD, rated Aaa/AAA) priced today a 5-year Norwegian Krone (NOK) global benchmark bond. The bonds are due on March 2, 2017 and have an annual coupon of 2.375%.

The bonds were distributed to a broad range of institutional investors in Asia and Europe. The joint lead-managers for the transaction were ANZ Securities, JP Morgan, and TD Securities.

Investor Distribution

By Geography By Investor Type
Asia
66%
Asset Managers
76%
Europe
34%
Central Banks/Official Institutions
16%
Banks
 8%

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: NOK 1 billion (USD eq. 176.2 million)
Settlement date: March 2, 2012
Maturity date: March 2, 2017
Issue price: 100.999%
Coupon: 2.375% annually
Denomination: NOK 10,000 and multiples thereof                                                                                             
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear/Clearstream
ISIN: XS0752103530

 

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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