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PRESS RELEASE June 12, 2019

World Bank Prices a USD 1.25 Billion 4-Year Global Benchmark Bond

Washington, DC, June 12, 2019 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a USD 1.25 billion 4-year global benchmark bond maturing June 19, 2023. The bond was joint-lead managed by Bank of America Merrill Lynch, HSBC, and RBC Capital Markets.

World Bank’s USD 1.25 Billion 1.875% Bonds due June 19, 2023

Investor Distribution

By Geography

 

By Investor Type

 

Europe

7%

Central Banks/Official Institutions

60%

Asia

57%

Banks/Bank Treasuries/Corporates

17%

Americas

26%

Asset Managers/Insurance/Pension Funds

23%

Middle East and Africa

10%

 

 

 

Transaction Summary *

Issuer:

World Bank
(International Bank for Reconstruction and Development, IBRD)

Issuer rating:

Aaa /AAA

Maturity:

4-year

Amount:

USD 1.25 billion

Settlement date:

June 19, 2019

Coupon:

1.875% per annum

Coupon payment dates:

Payable semi-annually on 19 June and 19 December each year

Maturity date:

June 19, 2023

Re-offer price:

99.896%

Re-offer yield:

1.902%

Listing:

Luxembourg Stock Exchange

Clearing systems:

Fedwire, Euroclear, Clearstream

ISIN:

US459058GX53

Joint lead managers:

Bank of America Merrill Lynch, HSBC, RBC Capital Markets

* This press release is not an offer for sale of bonds of the International Bank for Reconstruction and Development ("IBRD"), also known in the capital markets as "World Bank". Any offering of the bonds will be made only by means of a prospectus containing detailed information that will be made available through Bank of America Merrill Lynch, HSBC and RBC Capital Markets, and is subject to restrictions under the laws of several countries. Bonds may not be offered or sold except in compliance with all such laws.

 

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 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 Group has two main goals: to end extreme poverty and promote shared prosperity. The World Bank (IBRD) 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. The World Bank has been issuing bonds in the international capital markets for over 60 years to fund its sustainable development activities and achieve a positive impact. Information on bonds for investors is available on the World Bank Treasury website: www.worldbank.org/debtsecurities.

 


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