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PRESS RELEASE March 14, 1968

World Bank Sells Issue of $125 Million of 6-1/8% 2-Year Bonds

The World Bank has arranged the sale, entirely outside the United States, of a $125 million issue of United States dollar bonds. The sale, at par, was made by private placement with central banks and other governmental institutions for 47 countries and with two international organizations.

The new World Bank bonds known as the "Two Year Bonds of 1968, due March 15, 1970," bear interest at 6-1/8%, payable semi-annually, with the first payment due September 15, 1968. The issue is to be dated March 15, 1968.

The countries in which the new bonds were sold are:

Argentina           France              Kuwait                      Senegal

Australia            Ghana               Libya                         Singapore

Austria               Greece              Luxembourg             South Africa

Belgium             Honduras         Malagasy Republic       Tanzania

Bolivia                India                 Malaysia                    Thailand

Brunei                Iran                  Mauritania                  Togo

China                 Ireland              Mexico                       Upper Volta

Cyprus               Israel                Nepal                         Venezuela

Dahomey            Italy                 Niger                          Viet-Nam

Denmark            Ivory Coast       Norway                     Yugoslavia

Ethiopia             Jordan              Pakistan                     Zambia

Finland              Kenya               Saudi Arabia

An amount of $100 million 5-1/4% Two Year Bonds, placed outside the United States in March 1966, matures on March 15, 1968. Accordingly the current bond issue increases by $25 million the total of the Bank's outstanding funded debt.

The total outstanding obligations of the Bank amount to about $3.3 billion of which more than $2.5 billion is denominated in United States dollars and about $808 million in Belgian francs, Canadian dollars, Deutsche mark, Italian lire, Netherlands guilders, Pounds sterling, Swedish kronor and Swiss francs.

More than 571 of the Bank's total outstanding debt and some 441 of its United States dollar debt is held by investors outside the United States.