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PRESS RELEASE July 18, 1990

World Bank Announces Swiss Franc 200 Million Private Placement

The World Bank today announced a private placement offering in Switzerland of SwF 200 million (about US$ 142.2 million). The 7-year notes, which have a bullet maturity, carry a 7 percent coupon and are priced at 102 percent, for a contractual yield of 6.53 percent on a semi-annual equivalent basis. The notes will mature on August 27, 1997.

The underwriting group, which is lead-managed by Swiss Bank Corporation, consists of Swiss banks and a group of foreign banks based in Switzerland.