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PRESS RELEASE January 9, 1987

World Bank Announces 5-Year Eurodollar Bond Offering

A $300 million 5-year, 7 percent coupon Eurodollar bond offering was announced today by the International Bank for Reconstruction and Development (The World Bank). The bonds were offered at 101 to produce a 6.65 percent yield to investors on a semiannual coupon equivalent basis. The bonds will be repaid on January 28, 1992 and are noncallable.

The international syndicate for this issue is headed by Deutsche Bank Capital Markets as lead manager and Credit Suisse First Boston Limited as co-lead manager. They were joined by Algemene Bank Nederland N.V., Banque Nationale de Paris, Banque Paribas, Daiwa Europe Ltd., Generale Bank, Goldman Sachs International Corp., Merrill Lynch International & Co., Morgan Guaranty Ltd, Morgan Stanley International, Nomura International Limited, Salomon Brothers International Limited, Swiss Bank Corporation International Limited, Union Bank of Switzerland (Securities) Limited, S.G. Warburg & Co., Ltd. And Wood Gundy Limited as co-managers.

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