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PRESS RELEASE December 18, 1957

World Bank Announces Prospective Bond Issue

The International Bank for Reconstruction and Development, it was announced today (December 18) by Eugene R. Black, President, proposes to float an issue of $150,000,000 of its bonds before the middle of January 1958. The issue will be offered publicly through a nationwide syndicate of investment banks, securities dealers and commercial banks, headed jointly by The First Boston Corporation and Morgan Stanley & Co.