World Bank Issues Bond in Turkish Lira
Washington, DC, February 12, 2014 – The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a Turkish Lira (TRY) bond. The notes will be placed with Asian and European institutional investors via the Royal Bank of Canada Europe Limited as the lead manager.
Amount: TRY 100 million
Issue Date: February 20, 2014
Maturity Date: May 20, 2016
Issue Price: 100.665%
Coupon: 10% annually
Denomination: TRY 1,000
Listing: Luxembourg Stock Exchange
Clearing Systems: Euroclear and Clearstream
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 on bonds for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).
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