WASHINGTON, D.C., July 28, 1998 --- The International Finance Corporation today launched a US$200 million issue in the Euromarkets under its Global Medium Term Note program. The 4-year notes carry an annual coupon of 4.50 percent per annum and an issue price of 97.039 percent. The proceeds of the issue will be swapped in US dollars floating rate funds to support IFC operations. The lead manager is ING Barings.
This transaction is the third borrowing for the new fiscal year which began on July 1, 1998 and brings IFC’s market borrowings to about US$298 million.
IFC, part of the World Bank Group, fosters economic growth in the developing world by financing private sector investments, mobilizing capital in the international financial markets and providing technical assistance and advice to governments and businesses.
