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PRESS RELEASE July 7, 2008

World Bank Launches Bond in Turkish Lira

Washington, DC, July 07, 2008 – Today, the World Bank launched a 100 million Turkish Lira (TRY) 2-year fixed rate note, to respond to demand primarily from Japanese and European institutional investors. The transaction was lead managed by TD Securities, co-lead managed by ABN Amro and J. P. Morgan Chase and co-managed by HSBC and RBC Capital Markets.

Amount: TRY 100 million
Settlement Date: July 21, 2008
Maturity Date: July 21, 2010
Issue Price: 100.45%
Coupon: 19% annually
Denomination: TRY 1,000
Listing: Luxembourg
Clearing Systems: Euroclear and Clearstream
ISIN: XS0375986071

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.


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