Robert S. McNamara, President of the International Bank for Reconstruction and Development, announced today that the Bank proposes to offer in the United States on July 23, 1970, a new issue of $200,000,000 principal amount of 25-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. Incorporated 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 to August 2, 1972.
