A Can$150 million (US$128.S million equivalent) 5-year, 13-1/4 percent euroCanadian dollar bond offering was announced today by the International Bank for Reconstruction and Development (The World Bank). The bonds were offered at 101-5/8 to produce a 12.41 percent yield on a semiannual coupon equivalent basis. The bonds will be repaid on May 31, 1995 and are noncallable.
The international syndicate for this issue is headed by IBJ International Limited as lead manager and BMO Nesbitt Thomson, RBC Dominion Securities International Ltd., ScotiaMcLeod Inc. and Wood Gundy Inc. as co-lead managers. They were joined by Amsterdam-Rotterdam Bank N.V., Bank of Tokyo Capital Markets Group, Banque Bruxelles Lambert S.A., Commerzbank Aktiengesellschaft, Credit Suisse First Boston Limited, Daiwa Europe Limited, Deutsche Bank Capital Markets Limited, Dresdner Bank Aktiengesellschaft, Goldman Sachs International Limited, Merrill Lynch International Limited, J.P. Morgan Securities, Ltd., Morgan Stanley International, Nomura International, Paribas Capital Markets Group, Salomon Brothers International Ltd., Societe Generale, Swiss Bank Corporation, UBS Phillips & Drew Securities Ltd. as co-managers.
The net proceeds of this borrowing have been swapped into Deutsche mark which will be used in the general operations of the World Bank.
