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World Bank Prices 5-Year Philippine Peso Fixed-Rate Bond

Washington, DC, February 8, 2018 – The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) announced today the pricing of a Philippine Peso (PHP) 300 million bond due February 26, 2023.

The sole lead manager of this issue is BNP Paribas.

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
Offer period: From February 12, 2018 to February 16, 2018 (both dates included)*
Amount: PHP 300 million
Settlement date: February 26, 2018
Maturity date: February 26, 2023
Offer price: 100% of the Aggregate Nominal Amount
Coupon: 3.00% p.a.
Denomination: PHP 50,000
Listing: MOT, EuroMOT segment of Borsa Italiana
Clearing system: Euroclear / Clearstream
Lead manager: BNP Paribas
ISIN: XS1767083360
* The offering period ended prior to February 16 when the total volume in World Bank bond distribution reached the transaction's target amount of PHP 300 million.

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 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 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 70 years to fund its activities that achieve a positive impact. Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.

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