A $150 million 5-year, 7 percent coupon Eurodollar note offering was announced today by the International Bank for Reconstruction and Development (The World Bank). The transaction was reopening of the 5-year issue done in January. The notes were offered at 99-7/8 to produce a 6.90 percent yield to investors on a semiannual coupon equivalent basis. The notes will be repaid on January 28, 1992 and are noncallable.
The international syndicate for this issue is headed by Credit Suisse First Boston Limited as lead manager and Deutsche Bank Capital Markets Limited as co-lead manager. They were joined by Algemene Bank Nederland N.V., Banque Nationale de Paris, Banque Paribas Capital Markets Limited, Daiwa Europe Ltd., Generale Bank, Goldman Sachs International Corp., Merrill Lynch International & Co., Morgan Guaranty Ltd, Morgan Stanley International,
International Limited, Salomon Brothers International Limited, Swiss Bank Corporation International Limited, Union Bank of Switzerland (Securities) Limited, S.G. Warburg, Akroyd, Rowe & Pitman, Mullens Securities Ltd. and Wood Gundy Inc. as co-managers.
The proceeds of the issue will be used in the general operation of the World Bank.
