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PRESS RELEASE April 18, 1984

World Bank Signs Agreement for Yen 20 Billion 10-Year Bond Issue

A subscription agreement for a public offering of Yen 20 billion (approximately US$90 million) principal amount of bonds of the International Bank for Reconstruction and Development (World Bank) was signed in London today.

The issue, which is being offered in the international capital markets, is lead managed by The Nikko Securities Co., Ltd. in association with the following co-managers: Daiwa Europe Limited, Nomura International Limited, Yamaichi International (Europe) Limited, Algemene Bank Nederland N.V., Bank of Tokyo International Limited, Deutsche Bank Aktiengesellschaft, Fuji International Finance Limited, IBJ International Limited, LTCB International Limited, Nippon Credit International (HK) Ltd., Societe Generale, Sumitomo Trust International Limited, Union Bank of Switzerland (Securities) Limited and S. G. Warburg & Co. Ltd.

The 7% 10-year bonds were priced at 99.625% with interest payable annually on April 27 which will result in a yield to investors of 7.05%.

The bonds may not be redeemed prior to maturity. Application is being made to list the bonds on the Luxembourg Stock Exchange and The Stock Exchange of Singapore.

Including this borrowing, the World Bank has concluded six Euroyen issues for an aggregate amount of ¥120 billion (about US$54 .1 million equivalent).


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