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 August 11, 1971, a new issue of $175,000,000 principal amount of 25-year bonds.
The bonds will be non-redeemable for a period of 12½ years and will be offered through a nationwide group of underwriters headed by The First Boston Corporation and Morgan Stanley & Co. Incorporated. In addition to the initial delivery of bonds, it is expected that the bonds will be offered for sale on a delayed delivery basis to certain institutional purchasers on various dates to August 1, 1973.
