The World Bank has arranged the sale, entirely outside the United States, of a $125 million issue of United States dollar bonds. The sale, at par, was made by private placement with central banks and other governmental institutions for 47 countries and with two international organizations.
The new World Bank bonds known as the "Two Year Bonds of 1968, due March 15, 1970," bear interest at 6-1/8%, payable semi-annually, with the first payment due September 15, 1968. The issue is to be dated March 15, 1968.
The countries in which the new bonds were sold are:
Argentina France Kuwait Senegal
Australia Ghana Libya Singapore
Austria Greece Luxembourg South Africa
Belgium Honduras Malagasy Republic Tanzania
Bolivia India Malaysia Thailand
Brunei Iran Mauritania Togo
China Ireland Mexico Upper Volta
Cyprus Israel Nepal Venezuela
Dahomey Italy Niger Viet-Nam
Denmark Ivory Coast Norway Yugoslavia
Ethiopia Jordan Pakistan Zambia
Finland Kenya Saudi Arabia
An amount of $100 million 5-1/4% Two Year Bonds, placed outside the United States in March 1966, matures on March 15, 1968. Accordingly the current bond issue increases by $25 million the total of the Bank's outstanding funded debt.
The total outstanding obligations of the Bank amount to about $3.3 billion of which more than $2.5 billion is denominated in United States dollars and about $808 million in Belgian francs, Canadian dollars, Deutsche mark, Italian lire, Netherlands guilders, Pounds sterling, Swedish kronor and Swiss francs.
More than 571 of the Bank's total outstanding debt and some 441 of its United States dollar debt is held by investors outside the United States.
