A Can$150 million (US$124.7 million equivalent) 10-year, 10-1/8 percent coupon euro Canadian dollar bond offering was announced today by the International Bank for Reconstruction and Development (The World Bank). The bonds were offered at 101-5/8 to produce a 9.63 percent yield to investors on a semiannual coupon equivalent basis. The bonds will be repaid on July 20, 1999 and are noncallable.
The international syndicate for this issue is headed by IBJ International Limited as lead manager and RBC Dominion Securities International Ltd, ScotiaMcLeod Inc., Wood Gundy Inc. and J.P. Morgan Securities Ltd. as co-lead managers. They were joined by Algemene Bank Nederland N. V. , Banca Commerciale Italiana, Bank of Montreal Capital Markets Limited, Bank of Tokyo capital Markets Group, Banque Bruxelles Lambert S.A., Citicorp Investment Bank Limited, Commerzbank Aktiengesellschaft, Credit Commercial de France, Credit Suisse First Boston Limited, Daiwa Europe Limited, Deutsche Bank capital Markets Limited, Goldman Sachs International Limited, Merrill Lynch International Limited, Morgan Stanley International, Nomura International, Paribas Capital Markets Group, Salomon Brothers International Ltd., Societe Generale, Swiss Bank Corporation, UBS Phillips & Drew Securities Ltd. as co-managers.
