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
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 (www.worldbank.org/debtsecurities). For a list of selected bonds issued recently by the World Bank, see: https://treasury.worldbank.org/recentissues.