Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Skip to Main Navigation
PRESS RELEASE February 12, 1991

World Bank Borrows Spanish Peseta

The World Bank announced the launching today of a Pts. 15 billion (US$164 million equivalent) public bond offering in the Spanish peseta market. The bonds have a 5-year maturity, an annual coupon of 13-5/8 percent and an offering price of 101-5/8, for a yield of 12.75 percent on a semiannual equivalent basis.

This issue will be placed by an underwriting syndicate jointly lead managed by Banco Bilbao Vizcaya, S.A. (bookrunner), Banco de Credito Industrial and J.P. Morgan, S.B.V. The bonds are the tenth issue launched by the World Bank in the Spanish peseta market and will be listed on the Madrid Stock Exchange. International clearance of the bonds will be provided by CEDEL and EUROCLEAR.

The proceeds of this issue will be swapped into Deutchemark which will be used in the general operations of the World Bank.