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World Bank (IBRD) Investor Notes Prospectus Supplement (pdf)


World Bank Prices First Transaction of its New Investor Notes Program for Incapital LLC's Legacy ™ Platform

Washington, DC, October 27, 2015 – The World Bank (International Bank for Reconstruction and Development, IBRD) announced today that it has priced its first transaction under the newly established World Bank Investor Notes Program today. This 5-year step-up callable note allows individual investors in the U.S. to buy triple-A rated World Bank bonds through Incapital LLC’s Legacy™ platform. Legacy™ is a values based investing platform that helps financial advisors align their clients’ financial goals with their social impact goals by providing convenient access to attractive investments that create measurable social impact.

World Bank Investor Notes are designed for individual investors seeking to create a financial return as well as a measurable positive social and environmental impact. By choosing the World Bank Investor Notes, investors benefit from IBRD’s triple-A credit rating and competitive rates, while supporting projects financed by the World Bank that have a positive impact.  All World Bank Investor Notes support projects that are aimed at reducing poverty worldwide.  This includes lending in areas of agriculture and food security, education, energy, finance, trade and industry, law and governance, healthcare and social services, transport, and water and sanitation.

The current World Bank Investor Note bond offering is consistent with the World Bank’s longstanding practice of deploying its franchise as an issuer in the international capital markets to offer investors 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 on highly attractive terms.

Issuer World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating Aaa/AAA
Amount USD 28.385 million
Settlement date October 30, 2015

Coupon (Step Up Schedule)

October 30, 2015 to April 14, 2018: 1.000% p.a.
April 15, 2018 to April 14, 2019: 1.250% p.a.
April 15, 2019 to October 14, 2019: 2.000% p.a.
October 15, 2019 to April 14, 2020: 4.500% p.a.
April 15, 2020 to October 14, 2020: 6.500% p.a.

Maturity date October 15, 2020
Issue price 100%
Denomination USD 1,000 and integral multiples of USD 1,000 in excess thereof
Optional Redemption Dates The issuer has the right to call the note at par on January 15th, April 15th, July 15th and October 15th and of each year thereafter, from and including April 15, 2016, to and including July 15, 2020
Lead manager Incapital, LLC
ISIN US45905UTP92

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 has two main goals: to end extreme poverty and promote shared prosperity. It 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. It 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.

About Incapital LLC

Incapital was founded in 1999 and today is a leading underwriter and distributor of securities to 800+ broker-dealers, institutions, asset managers, RIAs and banks. The firm represents over 300 issuing entities and has underwritten $400 billion in securities.

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