The World Bank announced today it intends to redeem at par all of its outstanding 8-5/8 percent 25-year U.S. dollar bonds of 1970, due August 1, 1995, on July 12, 1991 (the "redemption date"). The total amount to be redeemed is $131.2 million.
Interest on the bonds will cease to accrue on the redemption date. The Fiscal Agent, the Federal Reserve Bank of New York, has been requested not to make transfers or exchanges of these bonds after July 1, 1991.
