The World Bank announced the launching today of a Skr 500 million (USD 85.2 million equivalent) public bond offering in the Swedish krona market. The bonds have a 5-year maturity, an annual coupon of 10 percent and an offering price of 101-3/8 percent, for a yield of 9.42 percent on a semiannual equivalent basis.
This issue will be placed by an underwriting syndicate lead-managed by Deutsche Bank Capital Markets (London) and Skandinaviska Enskilda Banken Capital Markets (London). The bonds will be listed on the Luxembourg Stock Exchange. International clearance of the bonds will be provided by Euroclear and CEDEL.
The proceeds of this issue will be swapped into Deutsche mark which will be used in the general operations of the World Bank.
