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PRESS RELEASE March 13, 1991

World Bank Issues Euro French Franc Bond

The World Bank has issued FF. 1 billion (about US$186.2 million) of 5-year Euro French franc bonds.

The bonds carry a 9-1/8 percent coupon and are priced at 99.60 for a yield of 9.03 percent on a semi-annual coupon equivalent basis. They will be repaid at par on April 9, 1996 and are not callable.

The issue, lead-managed by Credit Lyonnais, will be listed on the Paris and Luxembourg Stock Exchanges.

The proceeds of the issue will be swapped into Deutsche mark which will be used ·in the general operations of the World Bank.

 


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