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PRESS RELEASE July 17, 1987

World Bank Announces Ten-Year Eurodollar Note Offering

A $300 million 10-year, 9 percent coupon Eurodollar note offering was announced today by the International Bank for Reconstruction and Development (The World Bank). The notes were offered at 101-1/2 to produce an 8.58 percent yield to investors on a semiannual coupon equivalent basis. The notes will be repaid on August 12, 1997 and are noncallable.

The international syndicate for this issue is headed by Deutsche Bank Capital Markets as lead manager and Credit Suisse First Boston Limited as co-lead manager. They were joined by Algemene Bank Nederland N.V., Banque Nationale de Paris, Banque Paribas, Daiwa Europe Ltd., Generate Bank, Goldman Sachs International Corp., Merrill Lyncfl International & Co., Morgan Guaranty Ltd, Morgan Stanley International, Nomura International Limited, Orion Royal Bank Limited, Salomon Brothers International Limited, Shearson Lehman Brothers International, Swiss Bank Corporation International Limited, Union Bank of Switzerland (Securities) Limited, and S.G. Warburg & Co., Ltd. as comanagers.

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


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