The World Bank has issued DM 500 million (about $301 million) of 5-year bonds through a 10-member international syndicate of German and foreign financial institutions led by Deutsche Bank AG. The bonds have a 5 percent annual coupon and are priced at 100.50 for a yield to subscribing investors of 4.83 percent on a semi-annual coupon equivalent basis. The bonds will be repaid at par on February 25, 1993.
The public issue will be listed on the Frankfurt Stock Exchange.
Proceeds of the issue will be used in the general operations of the World Bank.