Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Skip to Main Navigation
PRESS RELEASE September 28, 1987

World Bank Announces Australian Dollar 70 Million Issue in Euromarkets

The World Bank today offered a public issue of Australian dollar notes in the Euromarkets in an amount of A$70 million (US$51 million). It consists of seven-year notes priced at 101-5/8 with a 12-3/4 percent coupon, payable annually, with a yield to initial investors of 12.03 percent on a semi-annual coupon equivalent basis before allowances, if any. The notes will be repaid on October 27, 1994 and are non-callable.

The proceeds were swapped into Dutch guilders.

The issue was lead managed by Banque Paribas Capital Markets Limited and co-lead managed by Hambros Bank Limited, Orion Royal Bank Limited and Deutsche Bank Capital Markets Limited, in cooperation with an underwriting syndicate of international financial institutions. The notes will be listed on the Luxembourg Stock Exchange.

This is the World Bank's fifth issue of Australian dollar notes, and the second Australian dollar issue in this fiscal year. The proceeds of this issue will be used in the general operations of the World Bank.