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PRESS RELEASE April 11, 1990

World Bank Announces Private Placement of SwF 100 Million Bonds

The World Bank today announced a public bond offering in Switzerland of SwF 100 million (about US$ 67.3 million). The 10-year bonds, which carry a 7-1/2 percent coupon, are priced at 102 percent for a yield of 7.09 percent on a semi-annual equivalent basis. The bonds, which have a bullet maturity, will mature on May 23, 2000.

The underwriting group, which is lead managed by Union Bank of Switzerland with Credit Suisse and Swiss Bank Corporation as co-lead managers, consists of Swiss banks and a group of foreign banks based in Switzerland.