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PRESS RELEASE May 10, 1990

World Bank Announces Targeted Public Issue of Deutsche Mark 200 Million Bonds

The World Bank has issued DM 200 million (about US$ 122 million) of 10-year bonds targeting the savings banks sector through a syndicate of international savings banks lead managed by Bayerische Landesbank Girozentrale.

The bonds carry an 8-7/8 percent coupon and are priced at 101-5/8 for a yield of 8.45 percent on a semi-annual coupon equivalent basis. The bonds, which will be repaid at par on June 1, 2000 and are non-callable, will be listed on the Frankfurt, Munich and Duesseldorf Stock Exchanges.

The proceeds of the issue will be used in the general operations of the World Bank.