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PRESS RELEASE July 29, 1983

World Bank Offers Public Issue of SwF 100 Million 10-Year Bonds

The International Bank for Reconstruction and Development (World Bank) is offering a public issue of Swiss Franc Bonds in Switzerland through a syndicate of leading Swiss banks and a group of foreign banks domiciled in Switzerland. The offering will close on August 3, 1983. The banks will offer SwF 100 million (approximately US$47 million) of 6% 10-year Bonds. The Bonds will be issued at par. The underwriting group is managed by Union Bank of Switzerland with Swiss Bank Corporation and Credit Suisse as co-managers.

The new issue, to be known as the Emprunt en Francs Suisses 6% 1983-1993 (6% Swiss Franc Bonds of 1983, due 1993), will mature on August 15, 1993. Interest will be payable annually on August 15, with the first payment due on August 15, 1984. The issue will be listed on the stock exchanges of Zurich, Basle, Geneva, Berne and Lausanne.

This will be the forty-second public issue of the World Bank in Switzerland and will bring the total amount of public issues placed in Switzerland by the World Bank to SwF 4,145 million. Following the full repayment of 13 issues, the principal amount of its outstanding 29 public Issues, Including the current issue, totals SwF 3,249 million.