A growing presence in the Euromarkets. (supplement to Euromoney magazine: Co-Operatives – the green banks go international)

A GROWING PRESENCE IN THE EUROMARKETS

In August 1985, the co-operative banks signalled their emergence as a major force in the Euromarkets when they syndicated one of the largest ever multi-currency issues for the World Bank. The $325 million (equivalent) facility (the second by UNICO for the World Bank) consisted of eight currency tranches including six private placements in Deutschemark, yen, Danish kroner, Dutch guilders, Austrian schillings and Ecus. It was co-ordinated by DG Bank and included all the members of the UNICO Banking Group, as well as six smaller co-operative institutions.