Announcement of Borrowing from Oman on May 21, 1974

1818 H STREET, N.W., WASHINGTON D. C. 20433 TELEPHONE: EXECUTIVE 3-6360 May 21, 1974 Subject: Borrowing from Oman On May 20, 1974 the Government of the Sultanate of Oman and the World Bank signed an agreement for a loan to the World Bank of $30,000,000. The loan will carry an interest rate o-f 8% per annum, payable semi-annually and will be repaid in three installments of $10,000,000 each on January 15, 1989, July 15, 1989 and January 15, 1990. The proceeds of the issue will be use.d in the general opera- • tions of the Bank. - 0 - •