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World Bank Launches Bond in Brazilian Real

Washington, DC, January 10, 2008 – Today, the World Bank launched a Brazilian Real (BRL) 2-year note for institutional European investors. TD Securities is the sole lead manager for this transaction. All payments will be made in US Dollars (USD), as more fully described in the terms of the notes.

Amount: BRL *100 million
Settlement date: January 25, 2008
Maturity date: January 25, 2010
Issue price: 100.055%
Coupon: 10.25% annually
Denomination: BRL 5,000
Listing: Luxembourg
Clearing systems: Euroclear and Clearstream
ISIN: XS0340462471

*On February 27, 2008, IBRD agreed to increase the principal amount of the bond by the launch of a second tranche for an amount of BRL 50 million with an issue price of 101.60% plus 42 days of accrued interest (settlement date: March 7, 2008). On April 28, 2008, the principal amount was increased by the launch of a third tranche for an amount of BRL 50 million with an issue price of 98.275% plus 102 days accrued interest (settlement date: May 6, 2008). On May 28, 2008, the principal amount was increased by the launch of a fourth tranche for an amount of BRL 100 million with an issue price of 98.686% plus 136 days accrued interest (settlement date: June 9, 2008). On June 20, 2008, the principal amount was further increased by the launch of a fifth tranche for an amount of BRL 75 million with an issue price of 98.736% plus 153 days accrued interest (settlement date: June 26, 2008). The new total outstanding principal amount is BRL 375 million.

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.

 

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