WASHINGTON, D.C., June 26 -- On June 25, 1996, the International Finance Corporation (IFC) launched an Australian dollar (AUD) bond issue for the amount of AUD 100 million (approximately US$79 million equivalent). The 3-year bonds carry an annual coupon of 8.25 percent and an issue price of 101.265 percent. The proceeds of the issue will be swapped into U.S. dollar floating-rate funds.
The lead manager of the issue is Commonwealth Bank of Australia. An additional 40 financial institutions completed the syndicate group.
This transaction brings IFC's market borrowing to about US$787 million for the fiscal year 1997, which began on June 18, 1996.
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 AAA/Aaa by both Standard & Poor's Corp. and Moody's Investors Service.
