World Bank offers rand uridashi bonds

TOKYO – The World Bank is offering a A$100 million four-year uridashi bond, SMBC Friend Securities said yesterday.

Uridashis are foreign bonds sold to Japanese retail investors. The bond, to be issued on October 26, carries a 5,34 per cent coupon, SMBC Friend said.The sales period runs from October 3 to 26, with maturity on October 26 2010.Separately, Ace Securities said yesterday that the World Bank is selling two two-year South African rand-denominated uridashi bonds.The first bond amounts to 115 million rand, carrying a 7,86 per cent coupon, Ace said.The bond will be issued on October 5, with maturity on October 10 2008.The sales period runs from September 19 to October 5.The second bond totals 56 million rand, carrying a 7,74 per cent coupon, Ace said.This bond will be issued on October 16, with maturity on October 10, 2008.The sales period runs from September 27 to October 16.The World Bank is rated at Aaa by Moody’s Investors Service and AAA by Standard & Poor’s.Nampa-ReutersThe bond, to be issued on October 26, carries a 5,34 per cent coupon, SMBC Friend said.The sales period runs from October 3 to 26, with maturity on October 26 2010.Separately, Ace Securities said yesterday that the World Bank is selling two two-year South African rand-denominated uridashi bonds.The first bond amounts to 115 million rand, carrying a 7,86 per cent coupon, Ace said.The bond will be issued on October 5, with maturity on October 10 2008.The sales period runs from September 19 to October 5.The second bond totals 56 million rand, carrying a 7,74 per cent coupon, Ace said.This bond will be issued on October 16, with maturity on October 10, 2008.The sales period runs from September 27 to October 16.The World Bank is rated at Aaa by Moody’s Investors Service and AAA by Standard & Poor’s.Nampa-Reuters