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World Bank Issues 750 million 10-year Norwegian Krone Global Bond

Washington, DC, June 9, 2010 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a 10-year Norwegian Krone (NOK) global bond. This is the second NOK denominated global bond that the World Bank has issued this year. The transaction was well received by the market, investor demand came mostly from Asian and European investors.

The sole-lead manager for the transaction was Royal Bank of Scotland. Co-lead managers were Deutsche Bank, Royal Bank of Canada, and Zuercher Kantonalbank.

Transaction Summary:

Amount: NOK 750 million
Settlement date: June 22, 2010
Maturity date: June 22, 2020
Issue price: 100%
Coupon: 3.625% annually
Denomination: NOK 10,000 and multiples thereof
Listing: Luxembourg Stock Exchange
Clearing systems: Euroclear or Clearstream
ISIN: XS0517949748

 

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 186 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. The World Bank is one of the most recognized and innovative borrowers in the international capital markets. The World Bank designed and issued the first global bond in 1989. Information on bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.

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