The World Bank announced the placement of a $175,000,000 issue of U.S. dollar bonds maturing September 15, 1971 in markets outside the United States. The bonds were purchased by central banks and other governmental institutions of 56 different countries and by certain international organizations. The sale of these bonds will increase the amount of World Bank two-year dollar bonds held by these and other similar purchasers to $637,150,000.
The new World Bank bonds known as "Two Year Bonds of 1969, due September 15, 1971", bear interest at 8%, payable semi-annually. The issue was sold at par.
The new bonds will be delivered on September 15, 1969, when a $100 million two-year bond issue placed outside the United States with similar purchasers in September 1967 will mature. The new bond issue will therefore increase the total resources available to the Bank by $75,000,000.