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World Bank Issues Bond in Ugandan Shilling

Washington, DC, July 24, 2013 - Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) announced a Ugandan Shilling (UGX) transaction. The UGX 25.9 billion 5-year fixed rate note matures on August 7, 2018 and has an annual coupon of 10.31%. The sole underwriter for the transaction is Barclays Bank Plc.

This transaction is the second Ugandan Shilling denominated bond issued by the World Bank. The first UGX transaction was executed in May of 2012.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: UGX 25.9 Billion (USD equivalent 10 million)
Settlement date: August 7, 2013
Maturity date: August 7, 2018
Issue price: 100%
Coupon: 10.31% annual
Denomination: UGX 350,000,000
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear and Clearstream
Lead manager: Barclays Bank Plc
ISIN: XS0956458524

 



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: (http://treasury.worldbank.org/capitalmarkets).

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