By Marisa Wong
Madison, Wis., May 18 - The World Bank said it launched and priced a 36.75 billion Ugandan shilling one-year fixed-rate note on Thursday.
The note, which priced at par, matures on May 30, 2013 and carries a coupon of 14½%.
Barclays Bank plc is the lead manager for the offering, which will settle on May 30.
According to a news release, this is the World Bank's first Ugandan shilling-denominated bond issue.
The notes will be listed on the Luxembourg Stock Exchange.
The international financial institution aids developing countries and is based in Washington, D.C.
| Issuer: | World Bank
|
| Issue: | Fixed-rate notes
|
| Amount: | 36.75 billion Ugandan shilling
|
| Maturity: | May 30, 2013
|
| Lead manager: | Barclays Bank plc
|
| Coupon: | 14½%
|
| Price: | Par
|
| Yield: | 14½%
|
| Pricing date: | May 17
|
| Settlement date: | May 30
|
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