Washington, DC, June 14, 2019 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a EUR 600 million 16-year global bond maturing June 21, 2035. This is the World Bank’s second 16-year EUR global bond for fiscal year 2019*, following a EUR 750 million bond due August 2034, issued in August 2018. The bond was joint-lead managed by DZ BANK, Goldman Sachs International, and Société Générale.
Investor Distribution | |||
By Geography | By Investor Type | ||
France | 45% | Asset Managers/Insurance/Pension Funds | 58% |
Germany | 31% | Banks/Bank Treasuries/Corporates | 42% |
Other Europe | 23% |
|
|
Asia | 1% |
|
|
Transaction Summary** | |
World Bank (International Bank for Reconstruction and Development, (IBRD) | |
Issuer Rating: | Aaa/AAA (Moody’s/S&P) |
Amount: | EUR 600 million |
Settlement Date: | June 21 2019 |
Maturity Date: | June 21, 2035 |
Coupon: | 0.50 % p.a. |
Coupon Dates: | Payable annually on 21 June each year |
Re-offer Price/Yield: | 99.556% / 0.529% |
Re-offer Spread vs. Benchmark | 57 bps vs. DBR 4 ¾ 07/04/34 |
Swap Spread | Mid-swaps – 8 bps |
Denomination: | EUR 1,000 |
Listing: | Luxembourg Stock Exchange |
Clearing Systems: | Clearstream, Euroclear |
Lead managers: | DZ BANK, Goldman Sachs International, Société Générale |
ISIN | XS2016138765 |
*Fiscal year 2019 starts from July 1, 2018 and ends on June 30, 2019.
**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 DZ Bank, Goldman Sachs International and Société Générale, 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 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.
Contact
Heike Reichelt
Head of Investor Relations and New Products
The World Bank
+1 202 477 2880
debtsecurities@worldbank.org
