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PRESS RELEASE September 5, 1978

World Bank Plans Public Offering of a SwF 250 Million 10-Year Bond Issue

An issue of Swiss Franc Bonds of the International Bank for Reconstruction and Development (World Bank) is planned for public offering in Switzerland from September 6 to September 12, 1978, by a syndicate of leading Swiss banks. The banks will offer SwF 250 million of 4% 10-year bonds. The bonds will be issued at 100%. The underwriting group is managed by the Swiss Credit Bank with the Union Bank of Switzerland and the Swiss Bank Corporation as co-managers.

The new issue, to be known as the Emprunt en Francs Suisses 4% 1978-1988 (4% Swiss Franc Bonds of 1978, due 1988), will be dated October 10, 1978, and will mature on October 10, 1988. Interest will be payable annually on October 10, with the first payment due on October 10, 1979. The issue will be listed on the stock exchanges at Zurich, Bas le, Geneva, Bern and Lausanne.

This will be the twenty-sixth public issue of the World Bank in Switzerland and will bring the total amount of public issues placed in Switzerland by the World Bank to SwF 2,495 million. Following the full repayment of 10 issues, the principal amount of its outstanding 16 public issues, including the current issue, totals SwF 1,787 million.

 


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