Announcement of Bond Issue in the United Kingdom on July 15, 1954

~ .,) .• (/ ,, u Y' Fdtt IMMl;DIATE RELEASE,, t I' INTERNATIO!'J/\L BANK FOR. 0 0 .. ,. " • .RECONSTRUCTibN AN6 DEVELOPMENT (WORLD BANK) 1818 H STREET, N.W., WASHING"TON 25, o.c. TELEPHONE: EXECUTIVE 3-6360 PRFiSS ,.RELFASE !iO. 368 FOR RELFASEc SU.B~T: Bond Issue in the United Thursday.,. July 15., l9S4 Kingdom ·:-:c The London b~.nking firm or Baring Brothers & Co., Limited, is announcing· today the preparation of an is:sue of 20-y~ sterling boil~ of the International Bank f qr Reconstruction and Developm~nt. • . f The firm announces that und~iting l"lis begun "in· c9r~_e.s,ti~n ~'With ~· . - issue of itS.,000.,000 .3! per cent Stock., 1969/74., to be made by the lnte:mJttional Bank.... The Stock is to be acquired by Baring Brothers & Cp • ., Limi. ted, ,. Hambros .Bank Limited, Lazard Brothers & Co., Limited, Margan Grenfell & Co. Limited, N. M. Rothschild & Sons and J. Henry Schroder & Co. and to be offered by them for sale to the public .... "It is intended to publish the offer for sale on Monday next1 Jhe 19th July, and to open ani close the list of applications on Wednesday next, the 21st July. It i~ expected tbl t the price at which the Stock will be offered will be 98 per cent. 11 This is the second issue of the International Bank's bonds in the United Kingdom. The first consisted of iS,000,000 * 20.year bonds, and was offered tQ the public in May 19Sl b~r the same syndicate of Lendon banld.ng firms that is buying the issue announced today. This is the twelfth issue of bonds sold by the Bank for currencies other than United States dollars. The p~incipal aJTM)~i ot these sales, including a  (__) ~I , .. . ... 2 - '\ guilcler issue announced by the Bank. three days ago, is equivalent to about \ • 8J.li4,000,000., A Slllllllllry of these sale,, with amounts Cli:pre!98ed in Ul'Jited States dollars, foll.awe: Amount E.xpressed Non-Dollar Bonds Sold " in U.S. Dollars Two Sterling Issues i 2a,ooo.,ooo One Netherlands Guilder Issue 10,500J)OOO Seven Swiss 'Franc Issues 68,800,000 .,T'wo Canadian Dollai.. Issues 36,400,000 TGrAL $ 143,700.,000 In t:1is calendar year issuee equivalent to $59.,000,000 have been sold by the Bank in Canada, Switzerland, the Netherlands and the United .Kingdom. The total of Bank bonds outstanding in currencies other than United States dollars, _giv:i.ng effect to the guilder and new sterling· issue~., is • equivalent to approximately $1.36,200 1 000; the equivalent of $7,500,000 in Swiss franc bonds has bem repaid. The Bank also has eight United States dollar issues outstanding in an amount of $665,000,000; and the ·sterling is S\le brings the value of all outstanding bonds up to abqut $801,0001 000 • •