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PRESS RELEASE May 14, 1992

World Bank Announces Prepayment of Japanese Yen Public Bonds of 1978

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 6.5 percent Bonds of 1978 - Ninth Series, at its next interest payment date of July 28, 1992.

The aggregate amount to be prepaid to investors is Japanese yen 34.5 billion (about $258.9 million), plus a prepayment premium of 0.5 percent of that amount (Yen 172.5 million).