Bond EBRDS 0% ( XS0089323138 ) in ZAR

Issuer EBRDS
Market price refresh price now   100 %  ⇌ 
Country  United Kingdom
ISIN code  XS0089323138 ( in ZAR )
Interest rate 0%
Maturity 07/04/2027



Prospectus brochure of the bond EBRD XS0089323138 en ZAR 0%, maturity 07/04/2027


Minimal amount /
Total amount /
Detailed description The European Bank for Reconstruction and Development (EBRD) is an international financial institution that promotes private sector development and the transition to market economies across Central and Eastern Europe, Central Asia, and the Southern and Eastern Mediterranean.

The Bond issued by EBRDS ( United Kingdom ) , in ZAR, with the ISIN code XS0089323138, pays a coupon of 0% per year.
The coupons are paid 1 time per year and the Bond maturity is 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


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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