The World Bank announced today that it intends to prepay on March 21, 1989 the 5-1/4 percent Bond of 1977 due March 21, 1992 in the aggregate principal amount of SwF 77.25 million (about US$ 52.6 million). The public issue was lead managed by Credit Suisse.
The Bank exercises prepayment rights where it deems the exercise to be financially beneficial and consistent with the Bank's overall funding strategy. It has previously prepaid borrowings denominated in Swiss francs, Japanese yen, Luxembourg francs, Austrian schilling, Belgian francs and Kuwaiti dinars.
