WASHINGTON, D.C., Aug. 3 -- The International Finance Corporation (IFC) launched a Swedish Krona 400 million bond issue (approximately US$51.6 million equivalent) on August 2, 1994. The five-year maturity fixed-rate bonds, which will carry a coupon of 10.625 percent per annum, were issued at 101.75 percent. This is IFC's third issue in the Swedish krona market. The proceeds of the issue will be swapped into U.S. dollar floating-rate funds. The arranger and lead manager of the issue is Unibank A/S with Deutsche Bank as joint lead. Co-lead managers are Bank Brussels Lambert, Kredietbank N.V., Merrill Lynch, Svenska London, and UBS. An additional eleven financial institutions completed the syndicate group. This transaction brings IFC's market borrowings to about US$300 million 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 St
andard & Poor's Corp. and Moody's Investors Service.
