Washington, DC, June 11, 2014 – The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) today announced USD 36.42 million Zero Coupon Notes linked to the exchange rate between Peruvian Soles and USD. The bonds mature in 2030. J.P. Morgan Securities plc was the sole lead manager.
Transaction Summary:
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: USD 36.42 million (PEN 101.36 million)
Settlement date: June 20, 2014
Maturity date: June 20, 2030
Issue price: 41.1908%
Coupon: Zero Coupon
Denomination: USD 200,000, USD 10,000 in excess
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear / Clearstream
Lead manager: JP Morgan Securities plc
This transaction marks the first World Bank issue linked to Peruvian Soles and is consistent with the World Bank’s strategy of offering bonds that respond to investor demand, giving investors exposure to a variety of currencies and maturities.
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 on bonds for investors is available on the World Bank Treasury website: (www.worldbank.org/debtsecurities).
