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10-Year World Bank US$1 Billion Global Bond

Washington, DC, May 14, 2003 – The World Bank launched this morning a new USD1 billion issue of ten-year bullet maturity. The securities were priced around 12:00 noon NY time and are being offered to investors worldwide.

The transaction was joint lead-managed by JP Morgan and Citigroup, which combined took 90% of the bonds. The balance was syndicated to the following co-managers: Daiwa, Goldman Sachs, Morgan Stanley and Nomura.

As registered Fed Bookentry notes, the securities will be eligible for clearing through the major clearing systems - Euroclear and Clearstream in Europe, and Fedwire in the US.

USD *1 billion


Settlement date:
May 21, 2003
3.625% per annum 30/360
Original maturity:
May 21, 2013
Issue price:
17 basis points over the 10-year US Treasury
Interest payment dates:
November 21, May 21
Form of notes:
Registered, Fed Bookentry notes
Clearing systems:
Fedwire, Euroclear or Clearstream
Reprinted with permission of the artist
Olly Copplestone

* On July 17, 2009, IBRD agreed to increase the principal amount with a second tranche in the amount of USD 150 million with an issue price of 103.830% (settlement date: July 24, 2009). The new total outstanding principal amount is USD 1.15 billion.

Following the announcement yesterday, a strong order book was built quickly, and the issue was well oversubscribed upon pricing. About 55% percent of the issue was placed with accounts in Asia, 23% in North America, and 22% in Europe and the Middle East. The distribution among investor types was as follows: 31% to Banks/Retail, 25% to Asset Managers, 24% to Pension/Insurance, 18% to Central Banks and 2% to Others.

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