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Published on 7/18/2022 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

World Bank partially repurchases notes from four series early

By Mary-Katherine Stinson

Lexington, Ky., July 18 – International Bank for Reconstruction and Development, or World Bank, repurchased for retirement notes from four series, according to multiple notices Monday.

The bank has retired $10 million of its $667,816,000 fixed-to-floating rates notes with minimum and maximum interest rates (ISIN: XS1410333527) due May 31, 2026.

The bank also retired portions of three ruble-denominated notes: RUB 603.5 million of its RUB 2.5 billion 4% notes due July 1, 2025 (ISIN: XS2189921294); RUB 1,341,090,000 of its RUB 9.5 billion 4¼% notes due Jan. 22, 2026 (ISIN: XS2288097137); and RUB 2,549,800,000 of its RUB 3.5 billion 5¼% notes due Oct. 7, 2026 (ISIN: XS2393509414).

All the notes will be repurchased for value on July 19.

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


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