Washington, DC, September 9, 2004 - The World Bank launched another Hungarian Forint (HUF) bond issue targeted towards European retail investors, via Deutsche Bank as the lead manager. Co-managers were Dresdner Kleinwort Wasserstein, DZ Bank AG, ING, KBC International Group, and TD Securities.

Amount: HUF 13 billion
Settlement date: September 22, 2004
Maturity date: September 22, 2006
Coupon: 8.75%
Denomination: HUF 1 Million
Listing: Luxembourg
Clearing systems: Euroclear or Clearstream
ISIN Code: XS0201121828

The bond is traded electronically on Bloomberg via Autobahn (DAB), Deutsche Bank's electronic trading system.

The World Bank's bond products and investor presentation can be accessed through the website of the World Bank for bond investors (www.worldbank.org/debtsecurities). For a list of selected bonds issued recently by the World Bank, see: recent issues page