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PRESS RELEASE April 28, 1989

World Bank Announces Prepayment of a Japanese Yen Public Bond Issue

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 7.9 percent Bonds of 1983, due 1995 (Series 21) at its next interest payment date on July 13, 1989. The aggregate amount to be prepaid is Japanese yen 18.4 billion (about $140 million), plus a prepayment premium of 3,0 percent of the prepaid amount to investors.

The Bank has previously exercised prepayment rights with respect to borrowings denominated in Japanese yen, Swiss franc, Luxembourg francs, Austrian schillings, Belgian francs and Kuwaiti dinars.