Washington, DC, November 1, 2007 – Today, IBRD issued its first ever Colombian peso (COP) international markets bond, after having issued the inaugural domestic COP supranational bond in 2004. It is also the market's first fixed rate COP bond issued by a supranational issuer. The 3-year notes have an annual coupon of 8.5% that will be paid in USD, and have been placed with Asian and European investors via JP Morgan as the lead manager.
Amount: COP *100 billion
Settlement date: November 8, 2007
Maturity date: November 8, 2010
Issue price: 98.74%
Coupon: 8.5% annually, paid in USD (using FX determined 2 business days prior to payment date)
Denomination: COP 1,000,000
Listing: Luxembourg
Clearing systems: Euroclear and Clearstream
ISIN: XS0329765068
* On April 1, 2008, IBRD agreed to increase the principal amount of the bond by the launch of a second tranche for an amount of COP 20 billion with an issue price of 96% plus 151 days accrued interest (settlement date: April 7, 2008). On June 19, 2008, the principal amount was increased by the launch of a third tranche for an amount of COP 40 billion with an issue price of 94.905% plus 231 days accrued interest (settlement date: June 26, 2008). On July 1, 2008, the principal amount was increased by the launch of a fourth tranche for an amount of COP 40 billion with an issue price of 92.65% plus 249 days accrued interest (settlement date: July 14, 2008). On September 3, 2008, the principal amount was increased by the launch of a fifth tranche for an amount of COP 20 billion with an issue price of 97% plus 313 days accrued interest (settlement date: September 16, 2008). On September 15, 2008, the principal amount was further increased by the launch of a sixth tranche for an amount of COP 20 billion with an issue price of 97% plus 316 days accrued interest (settlement date: September 19, 2008).The new total outstanding principal amount is COP 240 billion.
The World Bank's bond products and investor presentation can be accessed through the website of the World Bank for bond investors (www.worldbank.org/debtsecurities). For a list of selected bonds issued recently by the World Bank, see: https://treasury.worldbank.org/recentissues.
