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PRESS RELEASE June 23, 1972

World Bank Announces New DM 250 Million 10-Year Bond Issue

The World Bank and a syndicate of German Banks headed by the Deutsche Bank A.G., as manager, and the Dresdner Bank A.G., as co-manager, signed today an agreement covering a new issue of World Bank Deutsche Mark Bonds. The principal amount of the issue is DM 250 million. The interest rate on the issue is 6 1/2% payable annually on July 1. The bonds will be publicly offered at 99 1/2%. The issue will be repaid at par on July 1, 1982 and will be non-callable.

The Bonds will be listed on all German Stock Exchanges. The proceeds of this issue will be used in the general operations of the World Bank.