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

Skip to Main Navigation
PRESS RELEASE April 24, 1992

World Bank Borrows European Currency Units 200 Million

The World Bank today increased its recently launched 10-year ECU 200 million public bond issue to ECU 450 million (about USD 558 million equivalent). The new 10-year ECU 250 million tranche has a call option after five years. It carries an issue price of 100.45 percent, has a coupon of ECU Libor less 62.5 basis points, and was offered at 100.30 percent to yield ECU Libor less 67 basis points on a quarterly basis.

The ECU-denominated issue will be placed by an international underwriting syndicate, lead managed by Union Bank of Switzerland Phillips & Drew, London with Credito Italiano and Credit Suisse First Boston as joint lead managers. The bonds will be listed on the Luxembourg Stock Exchange.

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