"This is a landmark investment - our first in global climate change solutions," said Lockyer. "Buying these green bonds makes financial sense for California. It strengthens our portfolio's diversity while adding a sound investment with a triple-A rated issuer. And it tells the world that when it comes to battling climate change, California is prepared to contribute not just its policies, but its money, too."
Issuer: International Bank for Reconstruction and Development (IBRD)
Amount: USD 300,000,000
Maturity date: April 24, 2012
Issue price and Redemption Amount: 100%
Coupon Type: 3-month USD Libor Floating Rate
Denomination: USD 100,000.00 and integral multiples thereof
Clearing system: DTC
Lead Manager: SEB acting through SEB Enskilda Inc N.Y.
This press release is not an offer for sale of Notes of the International Bank for Reconstruction and Development ("IBRD"), also known in the capital markets as "World Bank". Any offering of the Notes will be made only by means of a prospectus containing detailed information that will made available through SEB, the sole underwriter of the notes, and is subject to restrictions under the laws of several countries. Securities may not be offered or sold except in compliance with all such laws.
SEB is a North European financial group serving some 400,000 corporate customers and institutions and five million private individuals. SEB offers universal banking services in Sweden, Germany and the Baltic countries - Estonia, Latvia and Lithuania. It also has local presence in the other Nordic countries, Poland, Ukraine and Russia and a global presence through its international network in major financial centers. On 31 December 2008, the Group's total assets amounted to SEK 2,511bn (~EUR 230bn) while its assets under management totalled SEK 1,201bn (~EUR 110bn).The Group has about 22,000 employees. Read more about SEB at www.sebgroup.com
The World Bank is a global development cooperative owned by its member countries. Its purpose is to help its members achieve equitable and sustainable economic growth in their economies and to find solutions to regional and global problems in economic development and environmental sustainability, all with a view to reducing poverty and improving standards of living. The International Bank for Reconstruction and Development (IBRD), rated Aaa/AAA (Moody's/S&P) is owned by 185 countries. It is the oldest and largest entity in the World Bank Group and provides its members with financing, risk management products, and other financing services, as well as specialized expertise and strategic and convening services requested by its member countries. To fund this activity, IBRD has been issuing debt securities in the international capital markets for 60 years. The World Bank is one of the most recognized and innovative borrowers in the international capital markets. More information about the World Bank and its activities in the capital markets is available on the web at: www.worldbank.org/debtsecurities
For further information, please contact:
Klas Eklund, Senior Economist, Environmental issues, SEB, +46 (0)70 763 80 88, email@example.com
The World Bank
California State Treasurer's Office