WASHINGTON, D.C., Aug. 10 -- The International Finance Corporation (IFC) launched a Euroyen 20 billion bond issue (approximately US$197 million equivalent) on August 9, 1994. The two and one-half year maturity fixed-rate bonds, which will carry a coupon of 3.25 percent per annum, were issued at 101.1375 percent of par. The proceeds of the issue will be swapped into U.S. dollar floating-rate funds. Fuji International Finance PLC arranged and led the issue. An additional eight co-lead managers completed the syndicate group. This transaction brings IFC's market borrowings to about US$660 million for fiscal year 1995, which began on July 1, 1994. 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. (30)
