Skip to Main Navigation
PRESS RELEASE May 17, 1984

World Bank Announces Private Placement of DM 150 Million Notes

The World Bank signed today an agreement with the Westdeutsche Landesbank Girozentrale for a private placement of Deutsche Mark Notes in the principal amount of DM 150 million. The interest rate on Notes is 8% per annum, payable annually on May 24. The Notes will be repaid at pair on May 24, 1989 and will be non-callable. Westdeutsche Landesbank Girozentrale will place the Notes in the savings banks sector.

The proceeds of the issue will be used in the general operations of the World Bank.