Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

PRESS RELEASE October 18, 1983

World Bank Offers Public Issue of SwF 100 Million 12-Year Bonds

The International Bank for Reconstruction and Development (World Bank) is offering a public issue of Swiss Franc Bonds in Switzerland through a syndicate of leading Swiss banks and a group of foreign banks domiciled in Switzerland. The offering will close on October 25, 1983. The banks will offer SwF 100 million (approximately US$48 million) of 6% Twelve Year Bonds. The Bonds will be issued at 99.50% of par. The yield to investors will be 6.06% per annum. The underwriting group is managed by Swiss Bank Corporation with Credit Suisse and Union Bank of Switzerland as co-managers.

The new issue will mature on November 10, 1995. Interest will be payable annually on November 10, with the first payment due on November 10, 1984. Application will be made to list the issue on the stock exchanges of Basle, Zurich, Geneva, Berne and Lausanne.

This will be the forty-third public issue of the World Bank in Switzerland and will bring the total amount of public issues placed there by the Bank to SwF 4,245 million. Following the full repayment of 13 issues, the principal amount of its outstanding 30 public issues, including the current issue, totals SwF 3,320 million.

 


Api
Api