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PRESS RELEASE July 23, 1984

World Bank Offers SwF 200 Million 10-Year Bond Issue for Public Subscription

A Swiss Franc Bond issue of SwF 200 million (US$84.2 million equivalent) of the International Bank for Reconstruction and Development (World Bank) is being offered for public subscription in Switzerland by a syndicate of leading Swiss banks and a group of foreign banks based in Switzerland. The ten-year bonds carry a coupon of 6-1/8% per annum and will be issued at par. The yield to investors will be 6.03% per annum on a semi-annual equivalent basis. 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 August 10, 1994. Interest will be payable annually on August 10, with the first payment due on August 10, 1985. Application will be made to list the bonds on the stock exchanges of Basle, Zurich, Geneva, Berne and Lausanne.

This will be the forty-sixth public issue of the World Bank in Switzerland and will bring the total amount of public issues placed there by the Bank to SwF 4,795 million. Following the full repayment of 13 issues, the principal amount of its outstanding 33 public issues, including the current issue, total SwF 3,836 million.

 


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