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PRESS RELEASE January 30, 1990

World Bank Announces Euro-Guilder 300 Million Bond Issue

The World Bank has issued NLG 300 million (about US$ 158.8 million) of 7-year Euro-Guilder bonds lead-managed by Algemene Bank Nederland (ABN) with Amsterdam-Rotterdam Bank (AMRO) as co-lead manager.

The bonds carry an 8-3/8 percent coupon payable annually and are priced at 101.15, for a yield of 7.99 percent on a semi-annual equivalent basis. The bonds are not callable prior to maturity on March 1, 1997.

The issue will be listed on the Amsterdam Stock Exchange. International clearance of the bonds will be provided by CEDEL and EUROCLEAR.

The net proceeds of this borrowing have been swapped into Deutsche Mark.