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PRESS RELEASE August 1, 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 7.8 percent Bonds of 1983, due 1995 (Series 23) at its next interest payment date on October 19, 1989. The aggregate amount to be prepaid to investors is Japanese yen 18.4 billion (about $135 million) plus a prepayment premium of 3.0 percent of that amount.

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