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Download "Structured
Notes" Investor Brief
(61.4 kb pdf)
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Benefits to Investors
World Bank structured notes provide investors the chance to customize terms of their investments. More
- AAA/Aaa credit quality for the International Bank for Reconstruction and Development (IBRD)
- Potential yield enhancement
- Opportunity to express views on yield curves, currencies, inflation rates, equity indices, and other risk factors
- Custom-tailored through reverse inquiry
- Fast, flexible execution
Examples of Structured Issues The various types of World Bank structured notes with specific terms may include... More
- Callable or puttable notes
- Floating rate notes with caps, floors or collars
- Step-up and step-down coupons
- Notes linked to an equity, bond, hedge fund index, or to a constant maturity swap rate
- Dual currency notes
- Powered dual currency notes with foreign exchange optionality
- Other unique structures as requested by an investor and designed together with the World Bank
Typical Features of World Bank Structured Notes Average summary and conditions for World Bank structured notes may include... More
| Issuer |
International Bank for Reconstruction and Development (IBRD) |
| Distribution |
Private placements or public offerings |
| Documentation |
Issued under Global Debt Issuance Facility (GDIF) with Final Terms to document the specific terms of the issues |
| Governing Law |
Generally New York or English Law |
| Listing |
Optional, generally in Luxembourg |
| Rating |
GDIF is rated AAA/Aaa (separate individual note ratings feasible) |
| Clearing |
Generally Euroclear and Clearstream (either bearer or registered format); DTC (registered format only) |
| Currencies |
Wide range of currencies |
Reverse Inquiry To propose a new issue, contact us directly or contact an underwriter. Our decision to proceed with the transaction will be guided by... More
- Minimum size requirement depends on the type of structure and can be even less than USD 5 million or equivalent in other currencies
- Minimum maturity one year
- Complexity of the transaction
- Suitability of investment for the proposed investor
Liquidity Backstop
Dealers in all World Bank bonds – including structured notes – are required to provide secondary markets in the notes
that they underwrite. The World Bank may, at its discretion, buy back all or a portion of certain debt issues from approved dealers at market prices, subject to asset-liability constraints.
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