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PRESS RELEASE December 24, 1991

World Bank Announces Prepayment of a Japanese Yen Public Bond Issue

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 7.40 percent Bonds of 1984 due 1996 (Series 28), at its next interest payment date of March 19, 1992. The aggregate amount to be prepaid to investors is Japanese yen 33.6 billion (about $260 million), plus a prepayment premium of 2.0 percent of that amount (Yen 672 million).

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