World Bank to redeem early $100 million of 2022 notes, $50 million of 2046 notes

By Rebecca Melvin

New York, April 3 – International Bank for Reconstruction and Development, or World Bank, said it will redeem early two series of notes including $100 million callable step-up fixed-rate notes due Oct. 19, 2022 (ISIN: XS1504237162) and $50 million callable zero-coupon notes due April 20, 2046 (ISIN: XS1395490664).

All of the 2022 notes will be redeemed at 100% of par on April 19 by means of an early redemption feature of the notes dating from Oct. 14, 2016.

All of the 2046 notes will be redeemed at 114.7523% of par on April 20 pursuant to the note’s terms outlined on April 15, 2016.

Citibank, NA, London Branch is the paying agent.

World Bank offers loans to developing countries and is based in Washington, D.C.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.