WASHINGTON, D.C., Feb. 18—On January 21, 1997, the International Finance Corporation (IFC) launched a US dollar 50 million note issue under its Euro Medium Term Note program targeted to the Japanese retail market. The 5-year fixed-rate notes carry a semi-annual coupon of 5.81 percent per annum and an issue price of 100 percent.
The joint-lead managers of the issue are SBC Warburg (bookrunner) and Toyo Securities (Europe) Ltd.
This transaction brings IFC’s market borrowing for the fiscal year 1997 to about US$3.0 billion equivalent.
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 triple A by both Standard & Poor’s Corp. and Moody’s Investors Service.
