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PRESS RELEASE October 14, 1967

World Bank Announces First Public Offering in Sweden

The following announcement is being made in Stockholm today by the Stockholms Enskilda Bank:

"An issue of Swedish Kronor 75,000,000 (U.S. equivalent about $14,500,000) of 6% Twenty-Five Year Swedish Kronor Bonds of the International Bank for Reconstruction and Development (World Bank) is to be offered in Sweden on October 16 by a group of 13 Swedish banks headed by Stockholms Enskilda Bank as manager and leader of the underwriting group consisting also of Svenska Handelsbanken, Skandinaviska Banken, Sveriges Kreditbank and Goteborgs Bank. The issue, which will mature on October 15, 1992, is being offered at par.

"This is the first public offering of World Bank bonds in Sweden.

"The bonds will be repayable at par beginning October 15, 1977 in fifteen annual installments of SKr 2,500,000 each and one final installment of SKr 37,500,000 so that the entire issue will have been repaid by October 15, 1992. To meet such installments the World Bank may draw bonds by lot or y purchase bonds in the market. On two dates, October 15, 1977 and October 15, 1987, the World Bank may redeem at par all or part of the issue then outstanding. Interest will be payable annually on October 15 with the first payment due on October 15, 1968.

"The bonds are exempt from all Swedish stamp duties; and the issue will be listed on the stock exchange of Stockholm. Proceeds from the issue will be used in the general operations of the Bank.