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PRESS RELEASE October 27, 2006

Kangaroo Bond issued by the World Bank

Sydney, October 27, 2006 – The World Bank today issued an AUD 500 million 10-year bond in the domestic Australian capital market.

“This is the World Bank’s first Kangaroo bond since 1999. We are extremely pleased to return to the Australian market after such a long time and appreciate the excellent reception that our bonds received. Over the past few years, we continued our dialogue with Australian investors, which we hope also contributed to the success of this transaction.”said Doris Herrera-Pol, Head of Capital Markets Operations, World Bank Treasury.

Joint lead-managers are ABN AMRO Bank and Westpac Institutional Bank.  The co-managers are Commonwealth Bank of Australia and RBC Capital Market.  The notes were placed with institutional investors in Australia (55%), Asia and Europe (45%).

Amount: AUD *500 million
Settlement date: November 9, 2006 
Maturity Date: November 9, 2016
Issue price: 99.944%
Coupon: 6.0% (semi-annual payments)
Denomination: AUD 100,000 and integral multiples thereof (minimum investment amount AUD 500,000) 
Listing: Luxembourg
Clearing systems: Austraclear, Euroclear and Clearstream

* On April 15, 2010, IBRD agreed to increase the principal amount with a second tranche in the amount of AUD 500 million with an issue price of 99.197% (settlement date: April 21, 2010). On September 12, 2013, IBRD agreed to further increase the principal amount with a third tranche in the amount of AUD 300 million with an issue price of 107.719% (settlement date: September 24, 2013). The new total outstanding principal amount is AUD 1.3 billion.

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: https://treasury.worldbank.org/recentissues.