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World Bank Prices First Ukrainian Hryvnia Bond

Washington, DC, October 12, 2017 – The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) announced today the pricing of an issue of Ukrainian Hryvnia (“UAH”) 200 million Zero Coupon Notes due October 4, 2019.

This transaction marks the first ever Ukrainian Hryvnia denominated bond issued by the World Bank. The sole lead manager of this issueis J.P. Morgan Securities plc.

This transaction is part of the World Bank’s strategy of offering investors opportunities to invest in World Bank bonds in a variety of currencies and markets. This approach has direct benefits for World Bank member countries as well, since these transactions support both the development of its members' capital markets and the World Bank's activities as a provider of financial services for its members on highly attractive terms.

Transaction Summary:

Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: UAH 200 million
Settlement date: October 12, 2017
Maturity date: October 4, 2019
Issue price: 83%
Coupon: Zero Coupon
Denomination: UAH 10,000
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear / Clearstream
Lead manager: JP Morgan Securities plc
ISIN: XS1695272457


About the World Bank

The World Bank is a global development cooperative owned by its member countries. Its purpose is to help its members achieve equitable and sustainable economic growth in their economies and to find solutions to regional and global problems in economic development and environmental sustainability, all with a view to reducing poverty and improving standards of living. The International Bank for Reconstruction and Development (IBRD), rated Aaa/AAA (Moody’s/S&P) is owned by 186 countries. It is the oldest and largest entity in the World Bank Group and provides its members with financing, risk management products, and other financing services, as well as specialized expertise and strategic and convening services requested by its member countries. To fund this activity, IBRD has been issuing World Bank bonds in the international capital markets for 70 years. The World Bank is one of the most recognized and innovative borrowers in the international capital markets. More information about: (www.worldbank.org/debtsecurities).

 

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