The World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA) priced today a GBP 750 million 5-year FRN bond, with a maturity date of May 22, 2023.
This bond was joint-lead managed by Barclays, RBC Capital Markets and TD Securities.
Transaction Summary:
Issuer: World Bank (International Bank for Reconstruction and Development, IBRD)
Issuer rating: Aaa/AAA
Amount: GBP 750 million
Settlement date: May 22, 2018
Maturity date: May 22, 2023
Issue price: 100%
Coupon: 3 Month GBP LIBOR + 5bps
Denomination: GBP 1,000 and multiples thereof
Listing: Luxembourg Stock Exchange
Clearing system: Euroclear / Clearstream Luxembourg
Joint lead managers: Barclays, RBC Capital Markets and TD Securities.
ISIN: XS1823351348
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 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 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 World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 70 years to fund its activities that achieve a positive impact. Information on World Bank bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.
