The World Bank today announced a public bond offering in Switzerland of SwF 200 million (about US$ 137.2 million). The 7-year bonds carry a 7-1/2 percent coupon and are priced at 101.5 percent, for a yield of 7.09 percent on a semi-annual equivalent basis. The bonds, which have a bullet maturity, will mature on May 30, 1997.
The underwriting group, which is lead managed by Swiss Bank Corporation with Credit Suisse and Union Bank of Switzerland as co-lead managers, consists of Swiss banks and a group of foreign banks based in Switzerland.
