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PRESS RELEASE September 24, 1991

World Bank Announces Prepayment of a Japanese Yen Public Bond Issue of 1984

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 7.0 percent Bonds of 1984 due 1999 (Series 29), at its next interest payment date of December 6, 1991. The aggregate amount to be prepaid to investors is Japanese yen 44 billion (about US$331 million), plus a prepayment premium of 2.0 percent of that amount.

The Bank has previously exercised prepayment rights with respect to borrowings denominated in Japanese yen, Swiss francs, Deutsche mark, Luxembourg francs, Austrian schillings, Belgian francs, Kuwaiti dinars and Canadian Dollars.