George D. Woods, President of the International Bank for Reconstruction and Development, announced today that the Bank proposes to offer in the United States on March 21, 1968 a new issue of $150,000,000 principal amount of 26-year bonds.
The bonds will be non-redeemable for a period of 12-1/2 years and will be offered through a nationwide group of underwriters headed by Morgan Stanley & Co. and The First Boston Corporation. In addition to the initial delivery of bonds, it is expected that bonds will be offered for sale on a delayed delivery basis to certain institutional purchasers on various dates up to February 4, 1970.
