Obligation Euro Bk Recovery & Dev 0% ( XS0082826255 ) en ZAR

Euro Bk Recovery & Dev

100 % ▲

Royaume-uni

XS0082826255 ( en ZAR )

29/12/2028

Prospectus brochure de l'obligation European Bk Recon & Dev XS0082826255 en ZAR 0%, échéance 29/12/2028

50 000 ZAR

2 000 000 000 ZAR

European Bk Recon & Dev est une société spécialisée dans la reconstruction et le développement de bâtiments en Europe, offrant des services de rénovation, de restauration et de construction neuve.

L'Obligation émise par Euro Bk Recovery & Dev ( Royaume-uni ) , en ZAR, avec le code ISIN XS0082826255, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 29/12/2028

PRI CI NG S UP P LEMENT
23rd December, 1997
Eu rop e a n Ba n k fo r Re construction a n d Development
South Africa n Ra n d 2,000,000,000 Ze ro Coupon Notes due 29th December, 2028
issue d pursua nt to a Eu ro Me d iu m Te rm Note Progra m m e
Terms used herein sha ll be deemed to be defined as such for the purposes of the Conditions. A further
explanation o f such terms is set out in the Prospectus in the section headed "Issue Proce dure s".
SUMMARY OF THE NOTES
1. Spe cifie d Currency: South Africa n Rand ( "ZAR") being the la wfu l
currency of the Republic of South Africa
2. Nomina l Am ou n t : ZAR 2,000,000,000
3. Type of Note: Ze ro Coupon Notes
4. Issue Date: 5th January, 1998
5. Issue Price : 2.90 per ce n t. of the nominal amount
6. Maturity Date: 29th December, 2028
7. Fungible with existing Notes: No
8. P r ic in g Supplement to be re a d in 29th August, 1997
conjunction with Prospectus dated:
FORM OF TUE NOTES
9. Form of Note : Bearer
10. Specified Denomination(s): ZAR 50,000, ZAR 500,000 and
ZAR 5,000,000
11. Exchange of Bearer Notes: Temporary Globa l Note exchangeable for
Definitive Notes on or after 40 days after the
Issue Date on certification as to non-US
beneficial ownership
12. (a) Talons for future Coupons to be No
attached to definitive Bearer Notes:
(b) Date(s) on which the Talons N/ A

mature:
13. (a) Registered holder of Registered N/ A
Globa l Note:
(b) Exchange of Registered Globa l N/ A
Note:
PROVI SI ONS RELAT I NG TO I NI TI AL P AYMENT
14. Pa rtly Pa id Notes: No
PROVI SI ONS RELATI NG TO I NTERES T
15. Interest Commencement Date: N/ A
Fixe d Ra te Note s:
16. (a) Fixe d Rate(s) of Interest: N/ A
(b) Fixe d Interest Date: N/ A
(c) Initia l Broke n Amount per N/ A
denomination:
(d) Fin a l Broke n Amount per N/ A
denomination:
Ze ro Coupon Note s:
17. (a) Accrua l Yie ld : 12.11 per cent.
(b) Reference Price : 2.90 per cent.
(c) Other formula or basis for N/ A
determining Amortised Face
Am ou n t:
Flo a t in g Rate Notes
a n d Inde xe d Note s:
18. (a) Manner in which Rate of Interest is N/ A
to De t e r m in e d :
(b) Ma rgin(s): N/ A
(c) Min im u m Interest Rate (if any): N/ A
(d) Ma xim um Interest Rate (if any): N/ A
19. If ISDA De te rmina tion:

(a) Floa ting Rate Option: N/ A
(b) Designed Ma turity: N/ A
(c) Reset Date: N/ A
20. If Scre e n Ra te De te rm ina tion:
(a) Reference Rate: N/ A
(b) Relevant Screen Page: N/ A
(c) Interest Determination Date: N/ A
21. If Inde xe d: N/ A
22. If Rate o f Interest not to be determined by N/ A
I SDA or Screen Rate Determination or by
reference to an Index or Formula:
23. Ge n e ra l Provisions fo r Floa tin g Ra te
Note s a n d Inde xe d Note s:
(a) Spe cifie d Pe riod (and, in the case N/ A
of Notes where the Interest
Payment Date(s) are fixe d, the
Interest Payment Date(s)):
(b) Business Pa y Convention: N/ A
(c) Business Day de finition if different N/A
from that in Condition 4(b)(i):
(d) Terms relating to calculation of N/ A
Interest Amount:
(e) Party responsible for calculation of N/ A
interest:
PROVISIONS REGARDING PAYMENTS
24. De finition o f "Payment Business Day" for London, Johannesburg, Ne w York and the
the purpose of Condition 6(a) or (b) if relevant place of presentation
different to that set out in Condition 6:
25. Dua l Currency Notes: N/ A
PROVISIONS REGARDING REDEMPTION/ MATURITY
26. (a) Redemption at Issuer's option: No

(b) Redemption at Noteholder's option: No
27. (a) Fin a l Redemption Amount for each 100 per ce nt. o f the nominal amount
Note (other than an Indexed or
Form ula Note where the index or
formula applies to the redemption
amount):
(b) Fin a l Redemption Amount for each N/ A
Indexed Note where the Index or
Formula applies to the Fina l
Redemption Amount:
28. Instalment Note : N/ A
29. Ea rly Redemption Amount for each Note To be calculated by the Agent in accordance
payable on an event of default: with Condition 5(d)
DISTRIBUTION, CLEARING AND
SETTLEMENT PROVISIONS
30. Me thod of distribution: Syndicated
31. If syndicated, names of Managers or, if The Toronto-Dominion Bank
non-syndicated names of Purchasers:
ABN AMRO Bank N.V.
Bayerische Vereinsbank Aktiengesellschaft
Ca b o t o Holding S I M S.p.A.
Coöperatieve Centrale Raiffeisen-
Boerenleenbank B.A.
Deutsche Ba nk AG London
DG BANK Deutsche Genossenschaftsbank
IMI Ba nk (Lux) S.A.
I NG Bank N.V.
J.P. Morga n Securities Lt d .
Kredietbank N.V.
Prudential-Bache Securities (U.K.) Inc.
Société Générale Strauss Turnbull Securities
lim it e d
West Merchant Bank Lim ite d
32. Sta bilising Dealer/Manager: The Toronto-Dominion Bank

33. Additiona l sales restrictions: Ea ch Manager represents and agrees that it has
not offered or sold and will not offer or sell,
directly or indirectly, any Notes in the
Republic of South Africa or to persons
resident in the Republic of South Africa except
in accordance with South Africa n Exchange
Control Regulations and in circumstances
which would not constitute a n offer to the
public within the meaning of the South Africa n
Companies Act, 1973 (as amended)
34. Details of additional/alternative clearing None
system approved by the Issuer and the
Agent:
35. Additiona l Information: The South Africa n Rand, legal currency of the
Republic of South Africa , is not freely
convertible and transferable. Although the
dual exchange rate system, consisting of a
commercial and a fina ncia l Ra nd, was
abolished on 13th Ma rch , 1995, there are at
present s till restrictions on capital movements
by South Africa n residents. Please note that
the relatively high yie ld of Rand-denominated
Notes also reflects the expectations of the
market participants with regard to the politica l
and fina ncia l situation in South Africa . A
negative change in the exchange rates of the
Rand against other currencies may impair the
value of the investment of non-Rand-based
investors.
36. Common Code: 8282625
ISIN Code: XS0082826255
CUSI P Number: N/ A
37. (a) Notes to be listed: Ye s
(b) Stock Exchange: London Stock. Exchange Lim ite d
For and on behalf of
EURO P EAN BAN K FOR RECONSTRUCTI ON AND DEVELOPMENT
By:
Authorised signatory
I CM2 :3 1 0 7 6 5 . 1