World Bank Launches an Icelandic Krona Bond
Washington, DC, May 19, 2008 – The World Bank launched an 8 billion bond denominated in Icelandic Krona. The 2-year World Bank ISK 8 billion bonds are being offered in response to demand from North American institutional investors. Toronto Dominion is the sole lead manager for the bonds.
Amount: ISK 8 billion
Settlement Date: May 27, 2008
Maturity Date: May 27, 2010
Issue Price: 100.651%
Coupon: 9.50% annually
Denomination: ISK 100,000 and multiple thereof
Clearing Systems: Euroclear and Clearstream
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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