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PRESS RELEASE December 12, 1984

World Bank Announces Public Offering of Yen 20 Billion 10-Year Bond Issue

A subscription agreement for a public offering of Yen 20 billion (approximately US$81.1 million) principal amount of bonds of the International Bank for Reconstruction and Development (World Bank) was signed in London today.

The 6-5/8% 10-year bonds were priced at 99.50% with interest payable annually on December 20 which will result in a yield to investors of 6.70%.

The issue, which is being offered in the international capital markets, is lead-managed by Daiwa Securities Co. Ltd. in association with the following co-managers: Nomura International Limited, Yamaichi International (Europe) Limited, The Nikko Securities Co., (Europe) Limited, Algemene Bank Nederland N.V., Bank of Tokyo International Limited, Banque Nationale de Paris, IBJ International Limited, LTCB International Limited, Mitsubishi Finance International Limited, Nippon Credit International (HK) Ltd., S. G. Warburg & Co. Ltd., and Yasuda Trust Europe Limited.

The bonds may not be redeemed prior to maturity. Application is being made to list the bonds on the Luxembourg Stock Exchange and The Stock Exchange of Singapore.

Including this borrowing, the World Bank has concluded seven Euro Yen issues for an aggregate amount of Yen 140 billion (about US$ 567.7 million equivalent).

 


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