The World Bank has announced the successful placement of a $192,650,000 issue of U.S. dollar bonds in markets outside the United States. The Bank had authorized an issue of $175 million with provision for an increased amount should the offering be oversubscribed. The bonds were purchased by central banks and other governmental institutions for 57 different countries and by international organizations. Such purchasers will now hold $562,150,000 of World Bank two-year bonds.
The new World Bank bonds known as “Two Year Bonds of 1969, due March 15, 1971", bear interest at 6-3/4%, payable semi-annually, with the first payment due September 15, 1969. The issue was sold at par.
The new issue is to be dated March 15, 1969, on which date a $100 million Two Year Bond issue, also placed outside the United States in March 1967, matures. Accordingly, the current bond issue increases by $92,650,000 the total resources available to the Bank.