WASHINGTON, D.C., Jan. 12—On January 6, 1998, the International Finance Corporation (IFC) launched a Japanese Yen 5 billion dual currency (Yen coupon and US dollar principal redemption) note issue under its Global Medium-Term Note program targeted to the Japanese retail market. The 3-year fixed-rate notes carry a semi-annual coupon of 4.05 percent per annum and were issued at par.
The sole lead manager of the issue is Toronto Dominion Securities.
This transaction brings IFC's market borrowing for the fiscal year 1998 to about US$1,910 million equivalent.
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.
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