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World Bank Launches Bond in Turkish Lira

Washington, DC, August 03, 2009 – Today, The International Bank for Reconstruction and Development (the “World Bank”) rated Aaa/AAA, launched a New Turkish Lira (TRY) 50 million note due August 14, 2012 for Japanese and European institutional investors. RBC Capital Markets is the sole lead manager for this transaction.

Amount: TRY *50 million
Settlement Date: August 14, 2009
Maturity Date: August 14, 2012
Issue Price: 105.315%
Coupon: 12% annually
Denomination: TRY 1,000 and multiples thereof
Listing: Luxembourg Stock Exchange
Clearing Systems: Euroclear and Clearstream

*On September 4, 2009, IBRD agreed to increase the principal amount of the bond by the issue of a second tranche for an amount of TRY 50 million with an issue price of 105.895% (settlement date: September 16, 2009). On December 7, 2009, IBRD agreed to further increase the principal amount of the bond by the issue of a third tranche for an amount of TRY 25 million with an issue price of 108.56% (settlement date: December 11, 2009). The new total outstanding principal amount is TRY 125 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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