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PRESS RELEASE April 9, 1987

World Bank Reopens Dutch Guilder Issue

The World Bank signed today an agreement for a public offering of f. 150 million (about $73 million) in Dutch guilder bonds. The bonds have the same coupon (6.25%), the same interest payment date (March 1), and the same maturity date (repayable in full on March 1, 1997) as the Bank's existing f. 300 m. public issue of February 1987. At an issue price of 99.50, the yield to the investor is 6.22 percent on a semi-annual equivalent basis. Upon payment, this issue and the existing issue will be listed and traded as a single issue.

The bonds are underwritten by a syndicate of Dutch banks and foreign institutions, headed by Algemene Bank Nederland, N.V. with Amsterdam-Rotterdam Bank, N.V. as co-lead manager.

This is the 22nd public offering of World Bank Dutch guilder bonds in the Netherlands. Sixteen of these, including the current issue, remain outstanding with a total face amount of about f. 4.3 billion ($2.1 billion equivalent).