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

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

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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