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PRESS RELEASE November 2, 1989

World Bank Announces Prepayment of Japanese Yen Public Bond Issue

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 7.5 percent Bonds of 1984 due 1996 (Series 25), at its next interest payment date on January 19, 1990. The aggregate amount to be prepaid to investors is Japanese yen 18.4 billion (about$ 127.8 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, Deutsche mark, Luxembourg francs, Austrian schillings, Belgian francs and Kuwaiti dinars.

 


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