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PRESS RELEASE September 24, 1991

World Bank Announces Public Offering of Euroyen 75 Billion Bond Issue

The World Bank announced today a Yen 75 billion (about $564 million) public bond offering in the international capital markets. The bonds carry an interest rate of 6 percent, payable annually. They are priced at 99.80 percent and have a final maturity of 5 years for a yield of 5.96 percent on a semiannual coupon equivalent basis. The bonds are not callable and will be listed on the Luxembourg Stock Exchange.

The issue is being offered by an international group of investment dealers lead-managed by Yamaichi International (Europe) Limited. Proceeds of the borrowing will be used in the general operations of the World Bank.