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PRESS RELEASE February 8, 1984

World Bank Announces Public Offering of 300 Million Guilder in the Netherlands

A 300 million Guilder (U.S. $95.1 million equivalent) issue of bonds of The International Bank for Reconstruction and Development (World Bank) is being offered for public subscription in The Netherlands by a syndicate of Dutch and foreign banks, managed by Algemene Bank Nederland N.V.

The new issue will be dated March 15, 1984 and will have a final maturity of 10 years. It will be repayable at par in five annual installments, beginning in 1990, of £. 60 million each. The bonds to be prepaid will be drawn by lot. Application will be made to list the bonds on the Amsterdam Stock Exchange.

This will be the 13th public offering of World Bank Bonds in The Netherlands. Following the full repayment of four issues, the principal amount of the World Bank's nine outstanding public issues, including the current issue, totals £. 1,704 million.

 


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