World Bank Prices a New USD 3 Billion 4-Year Global Bond

Washington DC, March 23, 2016-The World Bank (IBRD, Aaa/AAA) today priced a USD 3 billion 4-year global bond that matures on March 30, 2020. The transaction builds on the positive sentiment for the World Bank in the markets following the 3-year Global priced in January and the 5-year Global priced in March this year.

The orderbook closed in excess of USD 3.75 billion with 69 accounts participating, enabling the World Bank to move inside of initial price guidance to price a successful USD 3 billion global transaction.

Joint lead managers for this global bond are Bank of America Merrill Lynch, HSBC and TD Securities.

The 4-year transaction has a coupon of 1.375% per annum payable semi-annually and a maturity date of March 30, 2020. It offers investors a yield of 1.454% per annum (semi-annual), equivalent to 40.85 basis points over the 1% UST due March 2019.

"This World Bank benchmark bond offers investors much needed stability in times when safety, liquidity and performance are at the top of the priority list. We are grateful for the strong support we received for this transaction from investors all over the globe. It shows the high level of confidence the market has in the World Bank and investors' desire to support the World Bank's mission of promoting sustainable development in our borrowing member countries. We also want to thank our market-making partners for delivering such a successful transaction." said ArunmaOteh, Vice President and Treasurer, World Bank.

Investor Distribution:Distribution by Geography Distribution by Investor TypeAsia 50% Central Banks/Official Institutions 59%Europe 27% Bank Treasuries/Private Banks / Corporates 24%Americas 23% Asset Managers/Insurance/Pension Funds 17%

Transaction Summary:Issuer: World Bank (International Bank for Reconstruction and Development, IBRD) Issuer rating: Aaa /AAAMaturity: 4-yearAmount: USD 3 billionSettlement date: March 30 2016Coupon: 1.375% per annumCoupon payment dates: Paid semi-annually on 30 March and 30 September of each yearMaturity date: 30-Mar-20Issue price: 99.69%Issue yield: 1.454% per annum (s.a)Listing: Luxembourg Stock ExchangeClearing systems: Fedwire, Euroclear, ClearstreamISIN: US459058FA69Joint lead managers: Bank of America Merrill Lynch, HSBC, TD Securities

Joint lead manager quotes:

"Another fantastic outing by the World Bank team. This transaction was beautifully timed and secured an exceptionally diverse order book in a less traditional benchmark maturity with no new issue premium" said Adrien de Naurois, BofAML Syndicate

"World Bank have a great track record in spotting market opportunities, targeting previously untapped pockets of demand. Investors are rarely offered 4-year fixed rate bonds in benchmark size so they seized the chance to buy a Global bond from a premier name with guaranteed liquidity and an attractive pick-up over 3 year comparables " said Paul J. Bye, Managing Director, Global Head of Public Sector Syndicate, HSBC.

"This is an outstanding transaction which ticks all the boxes: tight pricing, large size and a very high quality orderbook. I have never seen a 4-year transaction reach this kind of size which is another impressive achievement from the World Bank" said Salvatore Aloisi, Head of Origination & Syndication (Europe), TD Securities.

The present transaction is consistent with the World Bank's longstanding practice of deploying its franchise as an issuer in the international capital markets to offer investor's high-quality, liquid instruments. This approach has direct benefits for World Bank member countries as well, since as a cooperative institution it is able to fund its activities as a provider of financial services to its members on highly attractive terms.

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