WASHINGTON, D.C., May 28 -- On May 28, 1996, the International Finance Corporation (IFC) launched an Australian dollar (AUD) bond issue for the amount of AUD 200 million (approximately US$158 million equivalent). The 3-year Global Bearer bonds carry an annual coupon of 7.75 percent and an issue price of 100.00 percent. The proceeds of the issue will be swapped into U.S. dollar floating rate funds.
The lead manager and bookrunner of the issue is Kankaku Securities Co., Ltd., with DKB International plc as a joint-bookrunner and Commonwealth Bank of Australia as a joint-lead manager.
This transaction brings IFC's market borrowing to about US$2.9 billion for fiscal year 1996, which began on July 1, 1995.
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.
