Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Skip to Main Navigation
PRESS RELEASE September 21, 1966

World Bank Sells Issue of $100 Million of 6% 2-Year Bonds

The World Bank has arranged the sale, entirely outside the United States, of a $100 million issue of United States dollar bonds. The sale, at par, was made by private placement with central banks and other governmental institutions in 35 countries and with one international organization.

The new bonds, known as the "Two Year Bonds of 1966, due October 1, 1968," bear interest at 6%, payable semi-annually, with the first payment due April 1967. The issue is to be dated October 1, 1966.

The countries where the new bonds were sold are:

Afghanistan        El Salvador       Israel         Saudi Arabia

Argentina            Ethiopia           Italy           Singapore

Australia             Finland             Japan         South Africa

Austria                France              Jordan        Sudan

Belgium              Ghana              Libya           Tanzania

Brazil                  Guatemala       Malaysia       Thailand

Burma                Honduras        Mexico        Vietnam

China                  Iceland             Nigeria        Yugoslavia

Denmark            Ireland             Norway

Completion of the current transaction will not affect the total of the Banks outstanding funded debt, as an equal amount of 4-1/4% Two Year Bonds, placed outside the United States in October 1964, matures on October 1, 1966. The total outstanding obligations of the Bank amount to more than $2.8 billion of which about $2.1 billion is denominated in United States dollars and about $740 million in Belgian francs, Canadian dollars, Deutsche mark, Italian lire, Netherlands guilder, Pounds sterling and Swiss francs.

About 58% of the Bank's outstanding debt is held by investors outside the United States. Included in the holdings of these investors, in addition to non-dollar obligations, are more than $900 million of the dollar bonds and notes of the Bank, or about 43% of its total United States dollar obligations.