Washington, DC, April 5, 2011 – Today, the World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA) launched a USD 50 million Callable Step-up fixed rate note (settlement date: April 29, 2011). The notes mature on April 29, 2014, and will be placed with US domestic institutional investors via UBS Securities LLC and Barclays Capital as the joint lead managers.
Transaction Summary:
Amount: USD 50 billion
Settlement date: April 29, 2011
First call date: July 29, 2011
Maturity date: April 29, 2014
Call frequency: Quarterly
Issue price: 100%
Coupon: Annual Step-Up Fixed Rate
Denomination: USD 1,000
Clearing systems: Fedwire, Euroclear and Clearstream
ISIN: US459058BD45
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. It operates as a global development cooperative owned by 187 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 overriding goal is to achieve major, sustainable improvements in standards of living worldwide. It has been issuing bonds in the international capital markets for over 60 years to fund its activities. Information for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).
