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PRESS RELEASE May 10, 1990

World Bank Reopens Swiss Franc 200 Million Public Offering

The World Bank today announced a reopening of its April 26, 1990 SwF 200 million issue of Swiss franc bonds. An additional SwF 100 million (about $71.5 million) of the 7-year bonds is being offered by the underwriting group lead managed by Swiss Bank Corporation with Credit Suisse and Union Bank of Switzerland as co-lead managers, and consisting of Swiss banks and a group of foreign banks based in Switzerland.

The 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 proceeds of the issue will be used in the general operations of the World Bank.

 


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