Washington, DC, June 26, 2013 - Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/ AAA) announced the launch of its first equity linked uridashi bond for the Japanese retail market since 1999, a 5-year Nikkei 225 Index-linked Japanese Yen (JPY) Note. The initial size of the transaction is JPY 500 million and the final size will be determined at the end of the pre-marketing period on July 24, 2013.
Doris Herrera-Pol, Director and Global Head of Capital Markets, said "Japanese investors have been an extremely important part of the World Bank's funding program for more than 40 years, and we have always sought to provide them a full range of products that meet their demand. By issuing equity linked uridashi notes we are responding to that demand and offering investors a JPY denominated product that complements our strong existing franchise in foreign currency denominated uridashi bonds."
The sole lead-manager for the transaction is Deutsche Bank AG and it will be distributed in Japan by the Chugoku Bank Group.
Transaction Summary:
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: JPY 500 million [initial size]
Settlement date: August 1, 2013
Maturity date: August 2, 2018
Issue price: 100%
Mandatory early redemption: Subject to early redemption on each coupon payment date,
beginning November 2, 2013
Coupon: Fixed to Index Linked (Nikkei 225)
Denomination: JPY 1,000,000
Clearing systems: Euroclear / Clearstream
Lead manager: Deutsche Bank AG
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: (http://treasury.worldbank.org/capitalmarkets).
