Obligation EBRD 0% ( XS0089323138 ) en ZAR

EBRD

100 % ⇌

Royaume-uni

XS0089323138 ( en ZAR )

07/04/2027

Prospectus brochure de l'obligation EBRD XS0089323138 en ZAR 0%, échéance 07/04/2027

La Banque européenne pour la reconstruction et le développement (BERD) est une institution financière internationale qui finance des projets d'investissement dans les pays d'Europe centrale et orientale, la région méditerranéenne du sud et l'Asie centrale, en se concentrant sur la transition vers une économie de marché et le développement durable.

L'Obligation émise par EBRD ( Royaume-uni ) , en ZAR, avec le code ISIN XS0089323138, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 07/04/2027

P R I CI N G S U P P LE M E N T
16th J u ly, 1 9 9 8
Eu ro p e a n Ba n k f o r Re c o n s t ru c t io n a n d De v e lo p m e n t
So u th Af ric a n Ra n d 1 ,5 0 0 ,0 0 0 ,0 0 0 Ze ro Co u p o n No te s d u e 7 t h Ap ri l , 2 0 2 7
is s ue d p u rs u a n t t o a Eu ro Me d iu m Te rm No te Pro g ra m m e
( to be c o n s o lida t e d a n d f o rm a s ing le Se rie s w ith the
S o u t h Af ric a n Ra n d 6 ,0 0 0 ,0 0 0 ,0 0 0 Ze ro Co u p o n No te s d u e 7 t h Ap r i l , 2 0 2 7
is s ue d o n 7 t h Ap ri l , 1 9 9 7 )
Te r m s u s e d h e r e in s h a ll b e d e e m e d t o b e d e fin e d a s s u c h fo r t h e p u rp o s e s o f t h e Co n d it io n s . A fu rt h e r
e xp la n a t io n o f s u ch t e rm s is se t o u t in the Pro s p e ct u s in the s e ct io n h e a d e d "Is s ue Pro c e d u re s ".
SUMMARY OF THE NOTES
1. Sp e c ifie d Cu r r e n c y: So u t h Af r ic a n Ra n d ( " Z AR " ) b e in g t h e la w fu l cu rre n cy
o f t h e Re p u b lic o f So u t h Af r ic a
2. No m in a l Am o u n t : Z A R 1 , 5 0 0 , 0 0 0 , 0 0 0
3. Typ e o f No t e : Ze r o Co u p o n No t e s
4. Issue Da t e : 2 1 s t J u ly, 1 9 9 8 ( s a ve fo r t h e p u r p o s e o f Co n d it io n
5 ( d ) ( iii) w h e r e "Is s u e Da t e " s h a ll b e 7 t h Ap r il, 1997)
5. Is s u e Pr ic e : 2 . 4 5 p e r ce n t . o f t h e n o m in a l a m o u n t
6. Ma t u r it y Da t e : 7 t h Ap r il, 2 0 2 7
7 . Fu n g ib le w it h e xis t in g No t e s : to b e co n s o lid a t e d a n d f o r m a s in g le Se rie s w it h the
So u t h Af r ic a n Ra n d 6 , 0 0 0 , 0 0 0 , 0 0 0 Ze r o Co u p o n No t e s
d u e 7 t h Ap r il, 2 0 2 7 o n e xch a n g e o f the Te m p o r a r y
Glo b a l No t e
8. Pr ic in g Su p p le m e n t to b e re a d 18t h Se p t e m b e r, 1 9 9 5 w it h r e g a r d to the Co n d it io n s o f
in co n ju n ct io n w it h Pro s p e ct u s the No t e s a n d o t h e r w is e w it h a Pro s p e ct u s d a t e d 2 9 t h
d a t e d : Au g u s t , 1 9 9 7
FORM OF THE NOTES
9. Fo r m o f No t e : Be a re r
10. Sp e cifie d De n o m in a t io n ( s ) : Z A R 5 , 0 0 0 , Z A R 5 0 , 0 0 0 , Z A R 5 0 0 , 0 0 0 a n d Z AR
5 , 0 0 0 , 0 0 0
1 1 . Exch a n g e o f Be a r e r No t e s : Te m p o r a r y Glo b a l No t e e xch a n g e a b le fo r d e fin it ive

2
No t e s o n o r a ft e r 4 0 d a ys a ft e r th e Is s u e Da t e o n
c e r t ific a t io n as t o n o n - US b e n e fic ia l o w n e rs h ip
12. (a ) Ta lo n s fo r fu t u re
Co u p o n s t o b e a t t a ch e d to
d e fin it ive Be a r e r No t e s : N o
( b ) Da t e ( s ) o n w h ic h th e
Ta lo n s m a t u re : N/ A
13. (a ) Re g is t e r e d h o ld e r o f
Re g is t e r e d Glo b a l No t e : N/ A
( b ) Exc h a n g e o f Re g is t e r e d
Glo b a l Note: N/ A
PROVISIONS RELATING TO INITIAL PAYMENT
14. Pa r t ly P a id No t e s : No
PROVISIONS RELATING TO INTEREST
15. Inte re st Co m m e n c e m e n t Da t e : N/ A
Fixed Rate Notes:
16. ( a ) Fix e d Ra t e ( s ) o f In te re st: N/ A
( b ) Fix e d In t e re s t Da t e : N/ A
( c) I n it ia l Br o k e n Am o u n t N/ A
p e r d e n o m in a t io n :
(d) Fin a l Br o k e n Am o u n t
p e r d e n o m in a t io n : N/ A
Zero Coupon Notes:
1 7 . ( a ) Ac c r u a l Yie ld : 13.32 p e r c e n t .
( b ) Re fe r e n ce Pr ic e : 2 . 3 5 p e r ce n t .
( c) Ot h e r fo r m u la o r b a s is
fo r d e t e r m in in g
Am o r t is e d Fa ce
Am o u n t : N/ A
Floating Rate Notes
and Indexed Notes:
18. (a ) Ma n n e r in w h ic h Ra t e o f

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In te re s t is to b e
d e t e rm in e d : N/ A
(b) Ma r g in ( s ) : N/ A
( c) Mi n i m u m In te re s t Ra t e
( if a n y) : N/ A
(d) Ma x i m u m In te re s t Ra t e
( if a n y) : N/ A
19. If I S D A De t e rm in a t io n :
(a ) Flo a t in g Ra t e Op t io n : N/ A
( b ) De s ig n e d Ma t u r it y: N/ A
(c) Re s e t Da t e : N/ A
2 0 . If Sc re e n Ra t e De t e rm in a t io n :
(a ) Re fe re n ce Ra t e : N/ A
(b) Re le va n t Scr e e n Pa g e : N/ A
( c) In te re s t De t e r m in a t io n
Da te : N/ A
2 1 . If I nde x e d: N/ A
2 2 . If Ra t e o f In t e re s t n o t t o b e
d e t e rm in e d b y I S D A o r Scre e n
Ra t e De t e r m in a t io n o r b y
re fe re n ce to a n I n d e x o r
Fo r m u la : N/ A
2 3 . Ge n e ra l Pro v is io n s fo r
Flo a t in g Ra t e No te s a n d
I n de x e d No te s :
(a ) Sp e c ifie d Pe r io d ( a n d , in
t h e ca s e o f No t e s w h e r e
t h e In te re s t Pa ym e n t
Da t e ( s ) a re fixe d, t h e
Inte re st Pa ym e n t
Da t e ( s ) ) : N/ A
(b) Bu s in e s s Da y
Co n ve n t io n : N/ A

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( c) Bu s in e s s Da y d e fin it io n
if d iffe re n t f r o m th a t in
Co n d it io n 4 ( b ) ( i) : N/ A
(d) Te r m s r e la t in g to
c a lc u la t io n o f In te re s t
Am o u n t : N/ A
(e ) Pa rt y re s p o n s ib le fo r
c a lc u la t io n o f in te re st: N/ A
PROVISIONS REGARDING PAYMENTS
2 4 . De fin it io n o f "Pa ym e n t
Bu s in e s s Da y " fo r t h e p u rp o s e
o f Co n d it io n 6 ( a ) o r (b) if
d iffe re n t t o th a t se t o u t in
Co n d it io n 6: Co n d it io n 6(a ) a p p lie s
2 5 . Du a l Cu r r e n c y No t e s : N/ A
PROVISIONS REGARDING REDEMPTION/ MATURITY
2 6 . (a ) Re d e m p t io n at Issue r's
o p t io n : N o
( b ) Re d e m p t io n at
No t e h o ld e r's o p t io n : N o
2 7 . (a ) Fin a l Re d e m p t io n
Am o u n t fo r e a ch No t e
(other than a n In d e xe d
o r Fo r m u la No t e wh e re
t h e in d e x o r fo r m u la
a p p lie s t o t h e
re d e m p t io n a m o u n t ) : 1 0 0 p e r ce n t . o f t h e n o m in a l a m o u n t
(b) Fin a l Re d e m p t io n
Am o u n t fo r e a ch
In d e xe d No t e wh e re the
I n d e x o r Fo r m u la
a p p lie s to the Fin a l
Re d e m p t io n Am o u n t : N/ A
2 8 . In s t a lm e n t No t e : N/ A
2 9 . Ea r ly Re d e m p t io n Am o u n t fo r
e a ch No t e p a ya b le o n a n e ve n t T o b e ca lcu la t e d b y t h e Ag e n t in a cco rd a n ce w it h
o f d e fa u lt : Co n d it io n 5 ( d )

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DISTRIBUTION, CLEARING AND
SETTLEMENT PROVISIONS
3 0 . Me t h o d o f d is t r ib u t io n : No n - Syn d ic a t e d
3 1 . I f s yn d ica t e d , n a m e s o f Ro y a l Ba n k o f Ca n a d a Eu r o p e Lim it e d
Ma n a g e r s o r, if n o n - s yn d ica t e d
n a m e s o f Pu rch a s e rs :
3 2 . St a b ilis in g De a le r / Ma n a g e r Ro y a l Ba n k o f Ca n a d a Eu r o p e Lim it e d
3 3 . Ad d it io n a l s a le s re s t rict io n s : Ea c h Ma n a g e r re p re s e n t s a n d a gre e s th a t it h a s n ot
o ffe re d o r s o ld a n d w ill n ot o ffe r o r s e ll, d ir e ct ly o r
in d ire ct ly, a n y No t e s in t h e Re p u b lic o f So u t h Af r ic a or
t o p e rs o n s re s id e n t in t h e Re p u b lic o f So u t h Af r ic a
e xce p t in a cco rd a n ce w it h So u t h Af r ic a n Exc h a n g e
Co n t r o l Re g u la t io n s a n d in circu m s t a n ce s w h ic h w o u ld
n ot co n s t it u t e a n o ffe r t o t h e p u b lic w it h in the m e a n in g o f
the So u t h Af r ic a n Co m p a n ie s Ac t , 1973 (a s a m e n d e d )
3 4 . De t a ils o f a d d it io n a l/ a lt e rn a t ive No n e
cle a r in g s ys t e m a p p r o ve d b y
the Is s u e r a n d t h e Ag e n t :
3 5 . Ad d it io n a l I n fo r m a t io n : Th e So u t h Af r ic a n Ra n d , le g a l cu r r e n cy o f the Re p u b lic
o f So u t h Af r ic a , is n o t fre e ly co n ve rt ib le a n d
t ra n s fe ra b le . Alt h o u g h t h e d u a l e xch a n g e ra t e s ys t e m ,
co n s is t in g o f a c o m m e r c ia l a n d a fina ncia l Ra n d , wa s
a b o lis h e d o n 1 3 t h Ma r c h , 1 9 9 5 , t h e re a re at p re s e n t s t ill
re s t rict io n s o n c a p it a l m o ve m e n t s b y So u t h Af r ic a n
re s id e n t s . Ple a s e n o t e th a t t h e r e la t ive ly h ig h yie ld o f
Ra n d -d e n o m in a t e d No t e s a ls o re fle ct s the e xp e ct a t io n s o f
the m a rke t p a rt icip a n t s w it h re g a rd to the p o lit ic a l a n d
fina ncia l s it u a t io n in So u t h Af r ic a . A n e g a t ive ch a n g e in
the e xch a n g e ra te s o f t h e Ra n d a g a in s t oth e r cu rre n cie s
m a y im p a ir t h e va lu e o f t h e in ve s t m e n t o f n o n - Ra n d -
b a s e d in ve s t o rs .
3 6 . Co m m o n Co d e : 7 4 7 8 9 5 0
I S I N Co d e : XS 0 0 7 4 7 8 9 5 0 3
C U S I P Nu m b e r : N/ A
Te m p o r a r y Co m m o n Co d e : 8 9 3 2 3 1 3
Te m p o r a r y I S I N Co d e : XS 0 0 8 9 3 2 3 1 3 8
3 7 . (a ) No t e s t o b e lis t e d : Ye s
( b ) St o c k Exc h a n g e ( s ) : Lo n d o n St o c k Exc h a n g e Lim it e d

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Fo r and o n be ha lf o f
E UR O P E AN B AN K FO R RECO NS T RUCT I O N AN D D E VE LO P ME N T
By:
Au th orise d signatory
ICM2:363817.1