The World Bank has issued NLG 750 million (about US$452.3 million) of 5-year Eurobonds through an international group of banks lead managed by ABN AMRO Bank.
The bonds carry a 7-5/8 percent coupon and are priced at 100-1/2 percent for a yield of 7.37 percent on a semi-annual coupon equivalent basis. The bonds will be repaid at par on October 15, 1997 and are non-callable. They will be listed on the Amsterdam Stock Exchange.
Proceeds of the issue will be swapped into Deutsche Mark which will be used in the general operations of the World Bank.
