The World Bank announced today it intends to call all the remaining outstanding bonds of the 8.85 percent Twenty-Five Year U.S. Dollar Bonds of 1976, due July 1, 2001, $198 million principal amount. Of this volume, the Bank will prepay at par $20 million as a mandatory sinking fund redemption and $20 million as an optional sinking fund redemption. It will prepay the remaining $158 million principal amount at a price of 101.375 percent of par, in accordance with the redemption provisions of the bonds. All bonds will be redeemed on July 1, 1992. All bondholders will also receive a final payment of interest accrued on the bonds to that date in the usual manner. Bondholders will be sent a formal redemption notice on or about May 26, 1992.
