Washington, DC, January 17, 2008 – Today, The World Bank launched a Turkish Lira (TRY) bond. The notes will be placed with European retail and institutional investors via TD Securities as the lead manager.

Amount: TRY 100 million
Settlement date: February 1, 2008
Maturity date: February 1, 2011
Issue price: 99.772%
Coupon: 14.0% annually
Denomination: TRY 1,000 and multiples thereof
Listing: Luxembourg
Clearing systems: Euroclear and Clearstream
ISIN: XS0341735164

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: http://treasury.worldbank.org/recentissues.