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PRESS RELEASE September 29, 1992

World Bank Announces Second Yen Global Bond Issue

The World Bank's second Yen global bond issue is expected to be launched in the second half of October, markets permitting. The Bank announced earlier the formation of an international management group of twelve investment dealers, jointly led by Daiwa Securities, Goldman Sachs International and Nomura Securities, that will bring the issue to market.

The World Bank today announced the composition of a small group of additional managers that will assist in the distribution of the bonds. This group of co-managers will consist of the following firms: DKB International, Kokusai Securities, Mitsubishi Finance International, Mitsubishi Trust International, New Japan Securities, Nippon Credit International, Sanwa International and UBS Phillips & Drew.