Washington, DC, February 20, 2013 – Today, The World Bank (International Bank for Reconstruction and Development, rated Aaa/AAA), launched a South Korean won (KRW) 108 billion 1.25% rate note lead by JP Morgan. The notes will be placed with institutional investors.
This is our third KRW transaction; the first KRW euro transaction was executed in 1997.
Amount: KRW *108 billion
Settlement Date: March 6, 2013
Maturity Date: March 6, 2014
Issue Price: 100%
Coupon: 1.25% annually, paid in USD
Denomination: KRW 10,000,000
Listing: Luxembourg Stock Exchange
Clearing Systems: Euroclear and Clearstream
*On March 3, 2013, IBRD agreed to increase the principal amount with a second tranche in the amount of KRW 54 million with an issue price of 100% (settlement date: March 20, 2013). On March 13, 2013, IBRD agreed to increase the principal amount with a third tranche in the amount of KRW 25 million with an issue price of 100% (settlement date: April 4, 2013).The new total outstanding principal amount is KRW 187 billion.
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 188 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).
