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PRESS RELEASE October 26, 1992

World Bank Announces Prepayment of Japanese Yen Public Bond Issue of 1985

The World Bank announced today that it intends to prepay an outstanding yen public bond issue, the 6.6 percent Bonds of 1985 - Thirty-Second Series, at its next interest payment date of January 10, 1993 (as this due date falls on a Sunday in Japan, the payment date will be on January 11, 1993). The aggregate amount to be prepaid to investors is Japanese yen 50,000 million (about $409 million), plus a prepayment premium of 2.0 percent of that amount (yen 1,000 million).