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World Bank Prices EURO 1 billion 16 Year Global Bond

Washington, DC, October 18, 2016 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a 16-year benchmark bond denominated in euro (EUR).

The bond carries an annual coupon of 0.625% and matures on January 12, 2033.

The lead managers for this bond are Goldman Sachs International and Societe Generale.

Transaction Summary:

Issuer:

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

Issuer rating:

Aaa/AAA

Maturity:

16-year

Amount:

EUR 1 bllion

Settlement date:

October 25, 2016

Coupon:

0.625%

Coupon payment dates:

Paid annually on January 12th until Maturity Date; short first coupon from 25 October 2016 (including) to 12 January 2017 (excluding)

Maturity date:

January 12, 2033

Issue price:

99.25%

Listing:

Luxembourg Stock Exchange

Clearing systems:

Clearstream, Euroclear

ISIN:

XS1508585772

Lead managers:

Goldman Sachs International, Societe Generale

Senior co-leads:
DZ Bank, Banca IMI

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 189 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 60 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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