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PRESS RELEASE February 5, 1990

World Bank Announces Private Placement of Swiss Franc 100 Million Bonds

The World Bank announced today a private placement offering in Switzerland of SwF 100 million (about US$67.2 million equivalent). The 8-year notes carry a 7-1/8 percent coupon and were priced at 100-5 / 8 percent, for a contractual yield of 6.90 percent on a semi-annual equivalent basis. The notes will mature on March 6, 1998.

The underwriting group, lead-managed jointly by J.P. Morgan Switzerland and Bank Leu Ltd., consists of Swiss banks and a group of foreign banks based in Switzerland.

 


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