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World Bank Issues Bond in Turkish Lira

Washington, DC, April 12, 2007 – The World Bank reopened an outstanding Turkish Lira (TRY) bond due February 6, 2009. These notes will also be placed with European retail and institutional investors via TD Securities as the lead manager.
 
Amount: TRY 50* million
Settlement date: May 3, 2007
Maturity Date: February 6, 2009
Issue price: 100.92%
Coupon: 18.25% annually (full coupon payable February 06, 2008)
Denomination: TRY 1,000 and integral multiples thereof
Listing: Luxembourg
Clearing systems: Euroclear and Clearstream
ISIN: XS0296556342 (temporary, will become fungible with existing issue on or after June 12, 2007)

*The bond was a reopening of the previous issue originally launched on January 24, 2007 (ISIN: XS0284895959). The new total outstanding amount is TRY 350 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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