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PRESS RELEASE January 7, 1985

World Bank Announces SwF 500 Million 5-Year Syndicated Loan

The World Bank signed today a loan agreement for a 5-year Swiss franc syndicated loan in the principal amount of SwF 500 million (about $200 million equivalent), carrying an interest rate of 6-1/8% payable annually with a payout price of par. The loan was signed with a syndicate of Swiss banks and a group of foreign banks domiciled in Switzerland and Liechtenstein.

The banking syndicate is led by Credit Suisse with Union Bank of Switzerland and Swiss Bank Corporation as co-lead managers and Banca del Gottardo, Banca della Svizzera Italiana, Swiss Volksbank, Bank leu Ltd and Banque Cantonale de Bale (acting on behalf of a group of cantonal banks) as co-managers.

The proceeds of this issue will be used in the general operations of the World Bank.