A guilder bond issue of the International Bank for Reconstruction and Development will be offered for public subscription in the Netherlands on June 12, 1962, by a syndicate of Dutch banks. The banks will offer f 40,000,000 (approximately $11 million) of 4½% 20-year bonds at a price of 99½ to the public. The Netherlands Trading Society (Nederlandsche Handel-Maatschappij, N.V.) heads the underwriting group, as it has done on previous public offerings of the World Bank on the Netherlands market...
The new issue of 4½% Netherlands Guilder Bonds of 1962 will be dated July 15, 1962 and the final maturity will be July 15, 1982. It will be non-callable until July 15, 1973. Beginning on July 15, 1973, the issue will be retired at par in ten equal annual instalments of f 4, 000,000 each. The bonds will also be subject to redemption in whole or in part at 101'½% from July 15, 1973 through July 14, 1977 and thereafter at 101%.
This is the fourth public offering of World Bank bonds in the Netherlands. Two issues of f 40,000,000 each were offered in 1954 and 1955, and one issue of f50,000,000 was offered in 1961. Giving effect to the current offering, outstanding guilder bonds of the World Bank will amount to f 53 million, equal to about $42 million. Total outstanding funded debt of the Bank on March 31, 1962 was equivalent to $2,527,949,542 of which roughly 55% was held by investors outside the United States. Included in outstanding obligations were $1,902,728,000 of bonds and notes denominated in U.S. dollars and the equivalent of $625,221,542 denominated in other currencies.
This is the fourth public offering of World Bank bonds in the Netherlands. Two issues of f 40,000,000 each were offered in 1954 and 1955, and one issue of f50,000,000 was offered in 1961. Giving effect to the current offering, outstanding guilder bonds of the World Bank will amount to f 53 million, equal to about $42 million. Total outstanding funded debt of the Bank on March 31, 1962 was equivalent to $2,527,949,542 of which roughly 55% was held by investors outside the United States. Included in outstanding obligations were $1,902,728,000 of bonds and notes denominated in U.S. dollars and the equivalent of $625,221,542 denominated in other currencies.
