Obligation Euro Bk Recovery & Dev 0% ( XS0085289428 ) en ZAR

Euro Bk Recovery & Dev

100 % ⇌

Royaume-uni

XS0085289428 ( en ZAR )

31/12/2020 - Obligation échue

Prospectus brochure de l'obligation European Bk Recon & Dev XS0085289428 en ZAR 0%, échue

50 000 ZAR

4 000 000 000 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 XS0085289428 émise par European Bk Recon & Dev au Royaume-Uni, d'une valeur nominale totale de 4 000 000 000 ZAR, avec un prix actuel de marché de 100 %, un taux d'intérêt de 0 %, une taille minimale d'achat de 50 000 ZAR, une maturité au 31/12/2020 et une fréquence de paiement de 1, est arrivée à échéance et a été remboursée.

CONFORMED COPY
PRICING SUPPLEMENT
30th March, 1998
European Bank for Reconstruction and Development
South African Rand 3,000,000,000 Zero Coupon Notes due 31st December, 2020
issued pursuant to a Euro Medium Term Note Programme
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions. A further
explanation of such terms is set out in the Prospectus in the section headed "Issue Procedures".
SUMMARY OF THE NOTES
1. Specified Currency: South African Rand ("ZAR") being the lawful currency
of the Republic of South Africa
2. Nominal Amount: ZAR 3,000,000,000
3. Type of Note: Zero Coupon
4. Issue Date: 3rd April, 1998
5. Issue Price: 7.17 per cent. in respect of South African Rand
2,000,000,000 principal amount of the Notes and 7.30
per cent. in respect of South African Rand
1,000,000,000 principal amount of the Notes
6. Maturity Date: 31st December, 2020
7. Fungible with existing Notes: No
8. Pricing Supplement to be read
29th August, 1997
in conjunction with Prospectus
dated:
FORM OF THE NOTES
9. Form of Note:
Bearer
10. Specified Denomination(s):
ZAR 50,000, ZAR, 500,000 and ZAR 1,000,000
11. Exchange of Bearer Notes:
Temporary Global Note exchangeable for definitive
Bearer Notes on or after 40 days after the Issue Date on
certification as to non-US beneficial ownership
12. (a) Talons for future
N/A
Coupons to be attached to
definitive Bearer Notes:

2
(b)
Date(s) on which the
N/A
Talons mature:
13. (a) Registered holder of
N/A
Registered Global Note:
(b)
Exchange of Registered
N/A
Global Note:
PROVISIONS RELATING TO INITIAL PAYMENT
14. Partly Paid Notes:
No
PROVISIONS RELATING TO INTEREST
15. Interest Commencement Date:
N/A
Fixed Rate Notes:
16. (a) Fixed Rate(s) of Interest
N/A
(b)
Fixed Interest Date(s):
N/A
(c)
Initial Broken Amount
N/A
per denomination:
(d)
Final Broken Amount
N/A
per denomination:
Zero Coupon Notes:
17. (a) Accrual Yield:
12.27969 per cent.
(b)
Reference Price:
7.17 per cent.
(c)
Other formula or basis
N/A
for determining
Amortised Face
Amount:
Floating Rate Notes
and Indexed Notes:
18. (a) Manner in which Rate of
N/A
Interest is to be
determined:
(b)
Margin(s):
N/A
(c)
Minimum Interest Rate
N/A

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(if any):
(d)
Maximum Interest Rate
N/A
(if any):
19.
If ISDA Determination:
(a)
Floating Rate Option:
N/A
(b)
Designed Maturity:
N/A
(c)
Reset Date:
N/A
20.
If Screen Rate Determination:
(a)
Reference Rate:
N/A
(b)
Relevant Screen Page:
N/A
(c)
Interest Determination
N/A
Date:
21.
If Indexed:
N/A
22.
If Rate of Interest not to be
N/A
determined by ISDA or Screen
Rate Determination or by
reference to an Index or
Formula:
23.
General Provisions for
Floating Rate Notes and
Indexed Notes:
(a)
Specified Period (and, in
N/A
the case of Notes where
the Interest Payment
Date(s) are fixed, the
Interest Payment
Date(s)):
(b)
Business Day
N/A
Convention:
(c)
Business Day definition
N/A
if different from that in
Condition 4(b)(i):

4
(d) Terms relating to
N/A
calculation of Interest
Amount:
(e) Party responsible for
N/A
calculation of interest:
PROVISIONS REGARDING PAYMENTS
24.
Definition of "Payment
For the purposes of Condition 6(a) "Payment Business
Business Day" for the purpose
Day" means any day on which banks are open for
of Condition 6(a) or (b) if
business in London, Johannesburg, New York and in the
different to that set out in
relevant place of presentation.
Condition 6:
25.
Dual Currency Notes:
N/A
PROVISIONS REGARDING REDEMPTION/MATURITY
26.
(a) Redemption at Issuer's
No
option:
(b) Redemption at
No
Noteholder's option:
27.
(a) Final Redemption
100 per cent. of the nominal amount of each Note
Amount for each Note
(other than an Indexed
or Formula Note where
the index or formula
applies to the
redemption amount):
(b) Final Redemption
N/A
Amount for each
Indexed Note where the
Index or Formula
applies to the Final
Redemption Amount:
28.
Instalment Note:
N/A
29.
Early Redemption Amount for
To be calculated by Agent in accordance with Condition
each Note payable on an event
5(d)(iii)
of default:
DISTRIBUTION, CLEARING AND
SETTLEMENT PROVISIONS
30.
Method of distribution:
Syndicated

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31.
If syndicated, names of
Royal Bank of Canada Europe Limited
Managers or, if non-syndicated
names of Purchasers:
ABN AMRO Bank N.V.
Bear, Stearns International Limited
Commerzbank Aktiengesellschaft
Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Dresdner Bank Aktiengesellschaft
IMI Bank (Lux) S.A.
ING Bank N.V.
Norddeutsche Landesbank Girozentrale
PaineWebber International (UK) Ltd
Prudential-Bache Securities (U.K.) Inc.
VEREINS- UND WESTBANK Aktiengesellschaft
West Merchant Bank Limited
32.
Stabilising Dealer/Manager
Royal Bank of Canada Europe Limited
33.
Additional sales restrictions:
Each 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 African Exchange
Control Regulations and in circumstances which would
not constitute an offer to the public within the meaning of
the South African Companies Act, 1973 (as amended).
34.
Details of additional/alternative
None
clearing system approved by
the Issuer and the Agent:
35.
Additional Information:
The South African 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 financial Rand, was
abolished on 13th March, 1995, there are at present still
restrictions on capital movements by South African
residents. Please note that the relatively high yield of
Rand-denominated Notes also reflects the expectations of
the market participants with regard to the political and
financial 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:
8528942
ISIN Code:
XS0085289428
CUSIP Number:
N/A

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37. (a) Notes to be listed: Yes
(b) Stock Exchange(s): London Stock Exchange
For and on behalf of
EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
ANDREW G. K. DONALDSON
By:
Authorised signatory
[The following information is to be included only in the version of the Pricing Supplement which is
submitted to the relevant Stock Exchange in the case of Notes to be listed on such Exchange:
Application is hereby made to list this issue of Notes pursuant to the listing of the ECU 10,000,000,000
Euro Medium Term Note Programme of European Bank for Reconstruction and Development (as from
3rd April, 1998)
Morgan Guaranty Trust Company
of New York (as Agent)]
ICM2:327988.1