World Bank (IBRD) bonds in non-core currencies offer quality credit and portfolio diversification opportunities for investors interested in the emerging markets and European accession countries. Benefits include:
- AAA/Aaa issuer credit rating
- Portfolio diversification opportunity for suitable portfolios
- Local currency exposure, often with clearing mechanisms, listing, and governing law that are familiar to international investors.
Typical Features of World Bank (IBRD) Eurobonds in Non-Core Currencies
- Issuer: International Bank for Reconstruction and Development (IBRD)
- Clearing and Settlement: Euroclear, Clearstream or DTC
- Listing: Luxembourg
- Governing Law: English/New York
Liquidity Backstop
Dealers in all World Bank bonds provide secondary markets in the notes that they underwrite. The World Bank may, at its discretion, buy back all or a portion of certain debt issues from approved dealers, subject to asset-liability constraints. Liquidity Backstop
