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PRESS RELEASE September 29, 1989

World Bank Announces Swiss Franc Two-Year Offering

The World Bank announced today an issue of SwF 300 million (about US$ 183 million) two-year Swiss franc notes to central banks, other governmental institutions and international organizations. The notes, which will mature on October 15, 1991, have a 7 percent coupon payable annually, and an offering price of par. They were offered during the period of September 20 to 27, 1989. Allocations were made on September 28.

The proceeds of the new offering will refinance a similar issue maturing on October 15.