The World Bank announced today a Yen 50 billion (about $360 million) public bond offering in the international capital markets. The bonds carry an interest rate of 6.75 percent, payable annually. They are priced at 99.65 percent and have a final maturity of 10 years, for a yield of 6.69 percent on a semiannual coupon equivalent basis. The bonds are not callable and will be listed on the Luxembourg Stock Exchange.
The offering, is being lead-managed by Nomura International Limited in association with an international group of investment dealers.
Proceeds of the borrowing will be used in the general operations of the World Bank.