By Marisa Wong
Madison, Wis., June 13 – The World Bank, or International Bank for Reconstruction and Development (Aaa/AAA/), launched a Rs. 2 billion 2˝-year fixed-rate note on Friday, according to a press release.
The note was priced at 99.93 with a 6% coupon.
All payments for the rupee note will be made in dollars.
The bonds will be distributed to institutional investors in Asia, Europe and the United States.
The lead-managers for the transaction are Toronto Dominion Securities and HSBC.
Settlement will occur on June 20.
Washington, D.C.-based World Bank provides loans to developing countries.
| Issuer: | International Bank for Reconstruction and Development
|
| Issue: | Indian rupee-denominated, dollar-settled fixed-rate note
|
| Amount: | Rs. 2 billion
|
| Maturity: | Dec. 20, 2016
|
| Coupon: | 6%
|
| Price: | 99.93
|
| Managers: | Toronto Dominion Securities and HSBC
|
| Trade date: | June 13
|
| Settlement date: | June 20
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
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