The World Bank has issued DM 750 million (about US$ 443 million) of 10-year bonds through an international group of banks lead managed by Deutsche Bank.
The bonds carry an 8-3/4 percent coupon and are priced at 99-7/8 for a yield of 8.59 percent on a semi-annual coupon equivalent basis. The bonds will be repaid at par on April 19, 2000 and are non-callable. They will be listed on the Frankfurt Stock Exchange with the 8-3/4 percent bonds that were issued by the World Bank last month for settlement on April 19, 1990.
The proceeds of the issue will be used in the general operations of the World Bank.