World Bank Issues First Bond in Ugandan Shilling
Washington, DC, May 17, 2012 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Ugandan Shilling (UGX) transaction. The UGX 36.75 billion 1-year fixed rate note matures on May 30, 2013 and has a semi-annual coupon of 14.50%. The sole underwriter for the transaction is Barclays Bank Plc.
This transaction marks the first ever Ugandan Shilling denominated bond issued by the World Bank. The transaction is consistent with the World Bank’s strategy of offering bonds in a variety of currencies and maturities, in response to investor demand.
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
UGX 36,750,000,000 (USD equivalent 14.9 million)
May 30, 2012
May 30, 2013
Listing: Luxembourg Stock Exchange
Euroclear and Clearstream
Lead Manager: Barclays Bank Plc
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: (www.worldbank.org/debtsecurities).
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