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PRESS RELEASE May 14, 1992

World Bank Announces Prepayment of Japanese Yen Public Bonds of 1985

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 6.7 percent Bonds of 1985 - Thirtieth Series, at its next interest payment date of July 31, 1992. The aggregate amount to be prepaid to investors is Japanese yen 44 billion (about $330.2 million), plus a prepayment premium of 2.0 percent of that amount (Yen 880 million).