Announcement of Saudi Arabian Riyal Bond Issue on June 21, 1974

INTERNATIONAL BANK FOR • RECONSTRUCTION AND DEVELOPMENT 1818 H STREET. N.W .. WASHINGTON 0. c. 20433 TELEPHONE: EXECUTIVE 3.e3eo June 21, 1974 Su~ject: Saudi Arabian Riyal Bond Issue The World Bank and the Saud:I. Arabian Monetary Agency signed an agreement in Washington, D.C. yesterday for the private placement of the Bank's first istlue of Bonds in Saudi Arabian Riy ala. The agree•nt was signed by Govemor Anwar Ali of the Saudi Arabian Monetary Agency and for the Bank by Mohamed Shoaib, Vice President. The Bonds in the principal amount of SRls 500,000,000 (US$140.8 mil- lion equiva1-nt) will be dated July 1, 1974. The Bonds will msLture July 1, 1984 • • The proceeds of the issue will be used in the general operations of the Bank. - 0 - •