A Yen 50 billion (about$ 335.7 million) public offering of World Bank bonds in the international capital markets was announced today. The bonds will pay 6.75 percent interest annually. They are priced at 101.125 percent and have a final maturity of 10 years for a yield of 6.49 percent on a semi-annual coupon equivalent basis. This is the fourteenth issue of Euroyen bonds by the World Bank, formally known as the International Bank for Reconstruction and Development.
The offering, which is non-callable, is being made through The Nikko Securities Co., (Europe) Ltd. in association with an international group of investment and commercial banks. The bonds will be listed on the Luxembourg Stock Exchange.