IBRD decides ruble-denominated interest will be paid in dollars

By William Gullotti

Buffalo, N.Y., June 27 – The International Bank for Reconstruction and Development, the lending arm of the World Bank Group, has determined it will pay July’s fixed coupon amount from its RUB 2.5 billion 4% notes due July 1, 2025 (ISIN: XS2189921294) in dollars, according to a notice on Tuesday.

Holders were informed on June 23 that the bank would pay the ruble-denominated interest payment, due July 3, in dollars.

The dollar/ruble exchange rate will be determined June 29.

The notes were originally issued June 16, 2020.

The global development financing cooperative is based in Washington, D.C.

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