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World Bank Launches USD 400 Million Green Bond

Washington, DC, December 15, 2011 – The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) has issued USD 400 million 2-year World Bank Green Bonds. The bonds were issued to respond to demand from the California State Treasury. SEB is the sole lead manager for this transaction.

World Bank Green Bonds support World Bank’s lending to eligible development programs that are designed to tackle the causes and consequences of climate change in the developing world. Examples of the types of eligible projects include alternative energy installations, funding for new technologies that reduce greenhouse gas emissions, reforestation, watershed management and flood protection. To date, the World Bank has issued approximately USD 3 billion in Green Bonds through 45 transactions in 16 currencies.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Amount: USD *400 million
Settlement date: December 15, 2011
Maturity date: December 16, 2013
Issue Price: 99.98%
Coupon: .50% (s.a. long first coupon)
Denomination: USD 50,000 and USD 10,000 thereof
Listing: Luxembourg Stock Exchange
Clearing systems: DTC. Euroclear / Clearstream

*On December 20, 2011, the World Bank increased the nominal amount of the notes with a second tranche for an amount of USD 110 million with an issue price of 99.920% (settlement date: January 4, 2012). The new total outstanding principal amount is USD 510 million. This increase was based on investor demand in the Germany, Switzerland, and US.

 

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 187 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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