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World Bank Prices EUR 500 million 20-Year Fixed Rate Bond

Washington, DC, January 5, 2016 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 20-year EUR500million Fixed Rate Note. 

This is the World Bank’s first trade of the calendar year and its largest euro trade at this maturity.  This 20-year EUR issue carries a coupon of 1.5%, paid annually, and matures on January 14, 2036.

The transaction was placed with 10 European investors, of which 89% was issued to asset managers and 11% to insurance companies. The lead manager for this bond is Goldman Sachs International.

Transaction Summary:

Issuer:

World Bank (International Bank for Reconstruction and Development, IBRD)

Issuer rating:

Aaa/AAA

Maturity:

20-year

Amount:

EUR 500 mllion

Settlement date:

January 14, 2016

Coupon:

1.5%

Coupon payment dates:

Paid annually on 14th January

Maturity date:

January 14, 2036

Issue price:

99.521%

Listing:

Luxembourg Stock Exchange

Clearing systems:

Clearstream, Euroclear

ISIN:

XS1342506158

Lead managers:

Goldman Sachs International

The present transaction is consistent with the World Bank’s longstanding practice of deploying its franchise as an issuer in the international capital markets to offer investor’s high-quality, liquid instruments. This approach has direct benefits for World Bank member countries as well, since as a cooperative institution it is able to fund its activities as a provider of financial services to its members on highly attractive terms.


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 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 bonds in the international capital markets for over 65 years to fund its sustainable development activities and 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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