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PRESS RELEASE January 7, 1993

World Bank Prices its $1.25 Billion Global Bond Issue

The pricing and maturity of the World Bank's new $1.25 billion thirty-year global bond offering was announced this morning. The U.S. dollar issue was launched yesterday simultaneously in the Euromarkets, in the U.S. and the Japanese domestic markets. The bonds have a 7-5/8 percent coupon, payable semi-annually. They were offered at 99.486 percent, to yield 7.67 percent for a spread of 28 basis points {hundredths of 1 percent) over the Treasury benchmark.

The management group consisted of CS First Boston Group and Goldman, Sachs & Co. as joint book running lead managers with Deutsche Bank AG, IBJ International plc. Lehman Brothers, Merrill Lynch & Co., Nomura Securities, and Salomon Brothers Inc. as comanagers.