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PRESS RELEASE November 8, 1990

World Bank Increases Swiss Franc Public Offering

The World Bank's 5-year public offering of Swiss franc bonds launched yesterday in Switzerland was increased today by SwF 100 million for an aggregate amount of SwF 200 million (about US$ 159.6 million). The bonds are being offered by an underwriting group lead managed by Swiss Bank Corporation and consisting of Swiss banks and a group of foreign banks based in Switzerland.

The bonds, which have a bullet maturity and a 7-1/2 percent coupon, are priced at 101-3/4 for a contractual yield of 6.95 percent on a semi-annual equivalent basis. The bonds will mature on December 18, 1995.