WASHINGTON, D.C., Jan. 11 -- The International Finance Corporation (IFC) launched a HK$400 million (US$51.6 million equivalent) issue under its Euro Medium Term Note program on January 10, 1995. The 5-year maturity fixed-rate notes, which will carry a coupon of 9 percent per annum payable quarterly, were issued at 100.20 percent. The proceeds of the issue will be swapped into U.S. Dollar floating-rate funds.
The arranger and lead manager of the issue was Societe Generale Asia Limited. The co-lead managers were BOT International (HK) Ltd., Fuji International Finance (HK) Ltd., HSBC Markets, and Merrill Lynch (Asia Pacific) Limited. An additional five co-managers completed the syndicate group.
This transaction brings IFC's market borrowings to about US$1.1 billion for fiscal year 1995, which began on July 1, 1994.
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.
