WASHINGTON, D.C., Nov. 26--On Friday, November 22, 1996, the International Finance Corporation (IFC) launched a pound sterling 60 million bond issue. The 2½-year fixed-rate notes carry a semi-annual coupon of 6.30% per annum and an issue price of 100 percent. The proceeds of the issue will be swapped into U.S. dollar floating-rate funds.
The joint-lead managers of the issue are Nikko Europe Plc and Tokyo Securities (Europe) Co., Ltd.
This transaction brings IFC’s market borrowing to about US$1.6 billion for the fiscal year 1997.
IFC, a member of the World Bank Group, is the largest multilateral source of financing for private sector companies in developing countries. Its long-term debt is rated AAA/Aaa by Standard & Poor’s Corp. and Moody’s Investors Service.
