WASHINGTON, D.C., June 17 -- On June 3, 1996, the International Finance Corporation (IFC) launched a Dual Currency Note issue under its Euro Medium Term Note program. The 2-year fixed-rate notes carry a semi-annual coupon of 6.92 percent per annum in Yen and an issue price of 100 percent. The notes are redeemable at par, in Australian dollars. The proceeds of the issue will be swapped into U.S. dollar floating-rate funds.
The lead manager and bookrunner of the issue is New Japan Securities (Europe) Limited with IBJ International Plc. as a joint-lead manager.
This transaction brings IFC's market borrowing to about US$3.0 billion for fiscal year 1996, which began on July 1, 1995.
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.