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PRESS RELEASE April 4, 1990

World Bank Issues Euro French Franc Bond

The World Bank has issued FF 1 billion (about US$ 175.4 million) of 7-year Euro-French franc bonds lead managed by Credit Commerciale de France.

The bonds carry a 10 percent coupon and are priced at 101-1/2 for a yield of 9.47 percent on a semi-annual coupon equivalent basis. They will be repaid at par on May 9, 1997. The bonds are not callable.

The issue will be listed on the Paris and Luxembourg Stock Exchanges.

 


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