Washington, DC, August 18, 2010 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), priced a 4-year USD 2 billion 1.125% global bond due August 25, 2014. The transaction was oversubscribed, and distributed as follows: by region - Asia 50%, Europe 26%, Middle East and Africa 11% and Americas 3% and by investor type - central banks and official institutions 88%, fund managers 8%, banks/corporates 3%, and pensions/insurers 1%.
The lead managers for the transaction were Credit Suisse Securities (Europe) Limited, Deutsche Bank AG, London Branch and UBS Limited.
Transaction Summary:
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: USD *2 billion
Settlement Date: August 25, 2010
Maturity Date: August 25, 2014
Issue Price: 99.556%
Coupon: 1.125% (semi-annual)
Denomination: USD 1,000
Listing: Luxembourg Stock Exchange
Clearing Systems: Fedwire, Euroclear and Clearstream
ISIN: US459058AY90
*The principal amount of the bond was increased on August 31, 2010 by a second tranche for an amount of USD 750 million with an issue price of 99.896% (settlement date: September 8, 2010). On September 15, 2010, the principal amount was increased by a third tranche for an amount of USD 1.250 billion with an issue price of 99.946% (settlement date: September 22, 2010). On December 8, 2010, the principal amount was increased by a fourth tranche for an amount of USD 200 million with an issue price of 99.25% (settlement date: December 15, 2010). On May 12, 2011, the principal amount was increased by a fifth tranche for an amount of USD 200 million with an issue price of 100.009% (settlement date: May 19, 2011). On May 20, 2011, the principal amount was increased by a sixth tranche for an amount of USD 200 million with an issue price of 100.152% (settlement date: May 27, 2011). On July 5, 2011, the principal amount was further increased by a seventh tranche for an amount of USD 100 million with an issue price of 100.424% (settlement date: July 12, 2011). The new total outstanding principal amount of the bond is USD 4.7 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.
