Photo from UNIAN
The World Bank (International Bank for Reconstruction and Development, IBRD) has announced it has issued Ukrainian hryvnia ("UAH") 200 million Zero Coupon Notes due October 4, 2019.
The bank raised UAH 166 million (US$6.26 million) as a result of the placement of the bond with due regard for the price of the issue of the securities set at 83% of the face value, while investors will receive UAH 200 million (US$7.54 million) after the notes fall due, according to an announcement on the Luxembourg Stock Exchange.
This transaction marks the first ever Ukrainian hryvnia denominated bond issued by the World Bank. The sole lead manager of this issue is J.P. Morgan Securities plc.
This transaction is part of the World Bank's strategy of offering investors opportunities to invest in World Bank bonds in a variety of currencies and markets. This approach has direct benefits for World Bank member countries as well, since these transactions support both the development of its members' capital markets and the World Bank's activities as a provider of financial services for its members on highly attractive terms.