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Long-dated World Bank USD Bond Issue


Washington, DC, February 27, 2002 – The World Bank issued a 5.125% USD 500 million eurobond, due March 13, 2009 to satisfy strong demand for longer dated securities from Swiss and Benelux retail accounts as well as from Asian institutional investors.

Dresdner Bank was the sole lead manager for the transaction.

"This transaction is consistent with our strategy of diversifying the Bank's investor base to include small and medium-sized investors, and at the same time, meet the demand for such securities from institutional accounts. The transaction followed two earlier retail driven deals launched in July 2001 - a USD 500 million 5-year eurobond joint lead-managed by Barclays Capital and Nomura, and USD 250 million 4-year euronotes lead-managed by UBS. We are very pleased with this transaction," said CK Teng, Lead Specialist for Capital Markets at the World Bank.

The payment date for the issue is March 13, 2002. The bonds will be listed on the Luxembourg Stock Exchange. The bonds will also be traded in the Swiss Exchange electronic platform, the SWX (www.swx.com), enabling more price transparency, increased liquidity and easier trading in small lots. The ISIN code is XS0144330072.

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