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PRESS RELEASE September 6, 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 6.8 percent Bonds of 1977, due 1992 (Series 8) at its next interest payment date on December 9, 1989. The aggregate amount to be prepaid to investors is Japanese yen 29.0 billion (about$ 198 million), plus a prepayment premium of 1.0 percent of that amount.

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