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PRESS RELEASE September 13, 1967

World Bank Sells Issue of $100 Million of 5-3/4% 2-Year Bonds

The World Bank has arranged the sale, entirely outside the United States, of a $100 million issue of United States dollar bands. The sale, at par., was made by private placement with central banks and other governmental institutions for 43 countries and with one international organization.

The new bonds known as the “Two Year Bonds of 1967, due September 15, 1969, “bear interest at 5-3/4%, payable semi-annually, with the first payment due March 15, 1968. The issue is to be dated September 15, 1967.

The countries to which the new bonds were sold are:

Argentina           Iran               Spain         

Australia            Israel              Sudan

Austria               Italy               Tanzania

Belgium             Ivory Coast      Thailand

Bolivia               Japan                Togo

China                Jordan               Upper Volta

Cyprus              Kenya               Yugoslavia

Dahomey          Kuwait              Zambia

Denmark          Malaysia

El Salvador       Mauritania

Ethiopia            Netherlands

Finland             Niger

France             Norway

Germany          Palestine

Greece             Saudi Arabia

Iceland             Senegal

India                Singapore

Iran                  South Africa

The sale of the current bond issue does not affect the total of the Bank's outstanding funded debt, as an equal amount of 4-3/8% Two Year Bonds placed outside the United States in September 1965, matures in Sept 15, 1967. The total outstanding obligations of the Bank amount to about $3.2 billion of which more than $2.4 billion is denominated in United States dollar and about $770 million in Belgian francs, Canadian dollars, Deutsche mark, Italian lire, Netherlands guilders, Pounds sterling and Swiss francs.

More than 55% of the Bank’s outstanding debt is held by investors outside the United States. Included in these holdings, in addition to non-dollar obligations, are about $1 billion of the dollar bonds and notes of the Bank, or some 42% of its total United States dollar obligations.

 


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