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PRESS RELEASE May 11, 1990

World Bank Increases Deutsche Mark Bond Issue

The World Bank has increased by DM 5O million to DM 250 million the 10-year Deutsche mark bond issue it launched yesterday. 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 are noncallable and will be repaid at par on June 1, 2000, have been issued through a syndicate of international savings banks lead managed by Bayerische Landesbank Girozentrale.