\\00
, . FOR IMME.DIA
          .      TE RELEASE
                      .     -

                                                                                   ~
~         ~




-Norld Bank
1818 H Street, N.W., Washington, D.C. 20433, U.S.A.• Telepl.or1e: (202) 477-1234




      BANK NEWS RELEASE                                                            April 8, 1981



                                     WORLD BANK JAPANESE YEN BOND ISSUE


            A public offering of ¥30 billion (approximately US$ 140.2 million) princii:,al
     amount of bonds of the International Bank for Reconstruction and Development (World
     Bank) was announced in Tok.yo today. The offering is being made through a syndicate of
     securities firms headed by Yamaichi Securities Company, Limited, in association with a
     group of commissioned companies headed by The Industrial Bank of Japan, Limited.




•
             The bonds, 8.20% Fifteen Year Bonds of 1981 - Twelfth Series, are priced at
     99.30%.   They will have a final maturity date of April 16, 1996 and will be redeemed
     at par in equal installments of ¥1.8 billion in each of the years 1987 through 1995
     and one final installment of ¥13.8 billion in 1996.

            Mr. Seigo Nozaki, Di rec tor of the World Bank's Office in Tokyo, who signed the
     agreements for the issue on behalf of the World Bank in Japan, expressed the World
     Bank's appreciation for this further 6ernonstration of support from the Japanese
     authorities and the investing public towards the development efforts of the Horld
     Bank.

            Total funds raised by the World Bank denominated in Japanese Yen, including the
     present issue, amount to¥ 1,460,800 million (approximately US$ 6,826 million) of
     which¥ 1,013,835 million (approximately US$ 4,738 million), including the issue
     announced today~ remain outstanding.



                                                            - 0 -




•