USD 500 Million Reopening of World Bank Bond due April 2006
Washington, DC, July 16, 2001 – Today, the World Bank reopened its 5.5% USD eurobond due April 19, 2006 by another USD 500 million, bringing the total outstanding size of the issue to USD 1 billion. The transaction is driven by strong demand from European and Asian institutional investors, as well as from European retail investors seeking triple-A rated bonds offering liquidity.
Barclays Capital and Nomura International jointly lead-managed this reopening.
Payment date for the reopening is July 30, 2001. The new bonds were offered at an issue price of 100.58% and will be listed on the Luxembourg Stock Exchange.
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