The World Bank today announced a public bond offering in Switzerland of SwF 100 million (about US$62.1million). The 10-year bonds, which have a bullet maturity, carry a 6 percent coupon and are priced at 101-1/4 percent, for a yield of 5,75 percent on a semiannual equivalent basis. The bonds will mature on November 16, 1999,
The underwriting group, which is lead-managed by Credit Suisse with Union Bank of Switzerland and Swiss Bank Corporation as co-lead managers, consists of Swiss banks and a group of foreign banks based in Switzerland.
