World Bank Launches Bond in Zambian Kwacha
Washington, DC, June 18, 2015 –
Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a Zambian Kwacha (ZMK) 200 million 5-year fixed rate note. This is the fourth ZMK bond issued by the World Bank since its last issuance in 2014.
The sole underwriter for the transaction is J. P. Morgan Securities plc.
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
ZMK 200 million
(USDeq. 27.4 million)
Settlement date: June 29, 2015
Maturity date: June 29, 2020
Issue price: 100%
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear / Clearstream
Lead manager: J. P. Morgan Securities 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 and the original member of the World Bank Group. 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 World Bank Group has two main goals: to end extreme poverty and promote shared prosperity. The World Bank (IBRD) seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. The World Bank has been issuing sustainable development bonds in the international capital markets for over 60 years to fund its activities that achieve a positive impact.
Information on bonds for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).
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