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.    FOR .IMMEDIATE RELEASE



World Bank
1818 H Street, N.W., Washington, D.C. 20433, U.S.A.• Telephone: (202) 477-1234




                BANK PRESS RELEASE                                               September 10, 1980




                                     WORLD BANK JAPANESE YEN BOND ISSUE


                              A public offering of ¥30 bill ion (approximately US$138.6
                mi 1 1 i on ) p r i n c i pa 1 a mo u n t of bonds of t he I n tern a t i on a l Bank
                for Reconstruction and Development (World Bank) was announced
                in Tokyo today.              The offering is being made through a syndicate
                of securities firms headed by Daiwa Securities Co., Ltd., in
                association with a group of commissioned companies headed by
                The Industrial Bank of Japan, Limited.




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                          The bonds, 8.60% Fifteen Year Bonds of 1980 - Eleventh
                Series, are priced at 99.90%.    They will have a final maturity
                date of September 19, 1995 and wi 11 be redeemed at par in equal
                installments of ¥1.8 billion in each of the years 1986 through
                1994 and one final installment of ¥13.8 billion in 1995.

                          Mr. Se i go Nozak i , Di rec tor of the Wor 1d Bank I s Office
                in Tokyo, who signed the agreements for the is sue on beha 1f
                of the World Bank in Japan, expressed the World Bank's appreciation
                for this further demonstration c I support from the Japanese
                authorities and the investing public towards the development
                efforts of the World Bank.

                          Total funds raised by the World Bank denominated in
                Japanese Yen, includi;ig the present issue, amo u n t to ¥ 1 , 3 16 , 8 0 0
                mill ion (approximately US$6,052 mil I ion) of which ¥916,100.2
                million (approximately US$4,210 million), including the issue
                announced today, remain outstanding.




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