World Bank issues two fixed rate bonds on EuroMOT

Sep 26 2016 - 11:37

-       World Bank issued two bonds for a total value of about 9,5 million

World Bank today listed two fixed rate bonds on EuroMOT with a combined value of about €9,5 million. Bonds are issued in South African Rand currency (ZAR), with a coupon rate of 6.60%, and in Brazilian Real (BRL) currency, with a coupon rate of 7.60%, and they are valid until the 26  September 2019.

Coupons will be paid on a quarterly basis, on 26 of March, June, September and December starting from 26 September 2016.   

BNP Paribas acted as distribution partner and will act as secondary specialist.

EuroMOT now has  779 listed instruments.

Pietro Poletto, Head of Fixed Income Markets at London Stock Exchange Group said:

“The World Bank have decided to access investors directly through Borsa Italiana’s trading platform, offering bond issues in a market characterized by low interest rates for euro-denominated issuance. This new World Bank’s issue shows the strength of EuroMOT and enriches our offering by responding to the increasing investor need of having sustainable investments.”

“We are extremely proud of this collaboration with the World Bank: these supranational bonds are particularly interesting, as interest rates in EUR have reached historic lows. These issuances are not subject to bail-in and provide investors with benefits in terms of both currency diversification and reduced tax rate equal to 12.5%,” said Nevia Gregorini, Head of Public Distribution, BNP Paribas Corporate & Institutional Banking.

The World Bank 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 60 years to fund its activities that achieve a positive impact.


For further information, please contact:

Oriana Pagano
Stefano Totoro
+39 02 7242 6360

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