The World Bank announced today a two- tranche SwF 200 million ($139.3 million) public issue in Switzerland of Swiss franc bonds. Each tranche is of SwF 100 million. The first tranche is of 7-year bonds issued at par that carry a coupon of 5 percent a year for a yield of 4.94 percent on a semi-annual equivalent basis. These bonds will mature on December 10, 1994. The second tranche is of 10-year bonds that carry a coupon of 5-1/4 percent a year, for a yield of 5.18 percent on a semi-annual equivalent basis. These bonds will mature on December 10, 1997.
The underwriting group, which is lead-managed by Swiss Bank Corporation with Credit Suisse and Union Bank of Switzerland as co-lead managers, consists of Swiss banks and a group of foreign banks based in Switzerland.
This will be the 56th public issue of the World Bank in Switzerland. The total amount of these public issues, including the current issue, is SwF 6,962 million. Of these, 35 remain outstanding with total proceeds of SwF 5,319 million.