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PRESS RELEASE October 25, 1990

World Bank Announces Public Issue of Swiss Franc 100 Million Bonds

The World Bank today announced a public bond offering in Switzerland of SwF 100 million (about US$62.1million). The 10-year bonds, which have a bullet maturity, carry a 6 percent coupon and are priced at 101-1/4 percent, for a yield of 5,75 percent on a semiannual equivalent basis. The bonds will mature on November 16, 1999,

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