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IFC LAUNCHES FIRST DUTCH GUILDER BOND OFFERING


Ranganath Setlur
Phone: (202) 473-9370


WASHINGTON, D.C., Sep. 6 -- The International Finance Corporation (IFC) has launched its first public bond issue in the Dutch Guilder market, a six-year issue for a face amount of NLG 200 million (approximately US$121.7 million equivalent) with an annual coupon of 3.25 percent and an issue price of 87.55 percent. The proceeds of the issue will be swapped into U.S. dollar floating-rate funds. The lead manager of the issue is ABN-AMRO Hoare Govett. An additional 17 financial institutions completed the syndicate group. This transactions brings IFC's market borrowings to approximately US$1,404 million for its fiscal year 1996, which began on July 1, 1995. IFC is a member of the World Bank Group and is the largest multilateral source of equity and loan finance for private sector projects in developing countries. Its long-term debt is rated triple A by both Standard & Poor's Corp. and Moody's Investor Services.