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PRESS RELEASE April 26, 2007

World Bank Issues Bond in Iceland Krona

Washington, DC, April 26, 2007 – Today, the World Bank launched a total of 6 billion Iceland krona (ISK) bonds for European institutional and retail investors. The bonds were issued in 3 tranches of ISK 2 billion each, giving investors the choice of 3 maturities: 2, 3, and 4 years. ABN AMRO and UBS Investment Bank are the lead managers for the transaction and Deutsche Bank AG, KBC, and Dexia are the co-managers.

Amount:                 ISK 2 billion     ISK 2 billion            ISK 2 billion

Maturity Date:        May 11, 2009     May 11, 2010     May 11, 2011

Issue Price:               100.25%         100.00%             100.375%

Coupon:                    11.50%            10.00%               9.25%

ISIN:                    XS0299182526    XS0299182872       XS0299183417

Settlement date:     May 11, 2007

Denomination:        ISK 100,000

Listing:                   Luxembourg

Clearing systems:    Euroclear and Clearstream

The World Bank's bond products and investor presentation can be accessed through the website of the World Bank for bond investors ( For a list of selected bonds issued recently by the World Bank, see: