The World Bank has issued DM 150 million (about US$ 80.5 million) of 10-year bonds through a group of European savings banks lead-managed by Westdeutsche Landesbank Girozentrale (WestLB).
The bonds carry a 6-3/4 percent coupon and are priced at 100.25 for a yield of 6.61 percent on a semi-annual coupon equivalent basis. The bonds will be repaid at par on May 17, 1999 and are non-callable.
This targeted public issue will be listed on the Frankfurt, Duesseldorf and Munich Stock Exchanges.
Proceeds of the issue will be used in the general operations of the World Bank.
