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PRESS RELEASE April 25, 1984

World Bank Offers Public Issue of SwF 150 Million 8-Year Bond

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 with a group of foreign banks operating in Switzerland. The offering will close on April 30, 1984. The Banks will offer SwF 150 million (approximately US$69 million) of 5.75% 8-year Bonds. The Bonds will be issued at par. The underwriting group is managed by Union Bank of Switzerland with Swiss Bank Corporation and Credit Suisse as co-managers.

The new issue, to be known as the Emprunt en Francs Suisses 5.75% 1984-1992 (5.75% Swiss Franc Bonds of 1984, due 1992), will mature on May 15, 1992. Interest will be payable annually on May 15, with the first payment due on May 15, 1985. The issue will be listed on the stock exchanges of Zurich, Basle, Geneva, Berne and Lausanne.

This will be the forty-fifth 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 4,595 million. Following the full repayment of 13 issues, the principal amount of its outstanding 32 public issues, including the current issue, totals SwF 3,650 million.

 


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