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PRESS RELEASE September 6, 1971

World Bank Plans Public Offering of 750 Million Belgian Franc 15-Year Bond Issue

An issue of Belgian franc bonds of the International Bank for Reconstruction and Development (World Bank) is planned for public offering in Belgium on September 20, 1971 by a group of leading Belgian banks. The banks will offer BF 750 million of 7½% 15-year bonds. The bonds will be issued at 98.5% of par. The underwriting group is headed by Societe Generale de Banque, and includes Banque de Bruxelles, Kredietbank, Banque de Paris et des Pay-Bas Belgique, and Banque Lambert.

The new issue, to be known as the Emprunt en Francs Belges 7½% 1971-1986 (7½% Belgian Franc Bonds of 1971, Due 1986), will be dated September 22, 1971 and will mature in nine installments of BF 50 million each from September 22, 1977 to September 22, 1985 and a final installment of BF 300 million on September 22, 1986. On and after September 22, 1977 the World Bank may redeem part or all of the issue at par on any interest payment date on three months' notice. Interest will be payable annually on September 22, with the first payment due on September 22, 1972. The issue will be listed on the stock exchanges at Brussels and Antwerp.

This will be the second public issue of the World Bank in Belgium. The first issue of BF 500 million has been repaid.