WASHINGTON, D.C., April 28 -- The International Finance Corporation (IFC) entered the Japanese Yen market on April 27 with a Yen 10 billion reopening of IFC's 4-3/8% Euroyen issue of June 11, 1998. The new Yen 10 billion tranche will increase the total issue size to Yen 50 billion as of June 13, 1994, the settlement date. The bonds carry a coupon of 4.375% and an issue price of 102.95 %. The proceeds of the issue have been swapped into U.S. dollar floating-rate funds. This transaction brings IFC's market borrowings to about US$1.8 billion equivalent for FY94. The lead manager for the issue was Sanwa International plc (bookrunner), with Nikko Europe plc as co-lead manager. IFC, a member of the World Bank Group, is the largest source of multilateral financing for private sector companies in developing countries. Its long-term debt is rated triple A by both Standard and Poor's Corp. and Moody's Investors Service
