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PRESS RELEASE October 8, 1992

World Bank Announces Swiss Franc Public Issue

The World Bank today launched a CHF 500 million (about USD 384.98 million equivalent) public issue in the Swiss capital market. The 7-year bonds, which have a bullet maturity, carry a 6-1/4 percent coupon and are priced at 101 3/4 percent for a contractual yield of 5.82 percent on a semi-annual equivalent basis. The bonds will mature on November 11, 1999.

The underwriting group, which is lead-managed by Union Bank of Switzerland, consists of Swiss banks and a group of foreign banks based in Switzerland.