World Bank Project Deck

34 DISCOUNT NOTES ● • . The World Bank offers flexible and customized short-term debt instruments through its USD Discount Notes Program using simple documentation (Offering Circular). Discount Notes are offered in the United States and Eurodollar markets. Rates for World Bank Discount Notes are posted on Bloomberg's "ADN" page under the World Bank option ("WBDN"). Discount Notes characteristics: • maturities of 397 days (13 months) or less. aggregate face amounts of US$50,000 and higher per maturity date Offering Circular International Bank for Reconstruction and Development WORLD BANK DISCOUNT NOTES The World Bank officially known as the International Bank for Reconstruction and Development (the Bank incrds to offer onocebesis es Dod News 397 days or less a dostal is entas ci incron-bearing ban The Duont Nones are offered though a group of dealer coasting for the date hocef) of Barclaya Capta ke Ceale Securies, 1P FIN Freial Cepal Makeb, lefisies LC,P Manger Sevates ECM Scenic USA Inc UBS Secates LLC and Wells Fargo Secunties LLC the Dealen Deaks may be added or need to time to tie at the daccion of the Bank. The Bank ray also offer and sell Dacas: Noies directly to sana on hchall The Dirt Nites y bebe Used Stand Fadlakes The Dedes will out toy caste's one far Ducam Natce to be mad by the tank far la than $50,000 aggregccmarurity dric. Discount Not availabl in deities of Sandiegol watiples theef The state of Det his offered by the Bad and the decustode for various matice will be crashed from time to tree by the think Information as to the manties aabble and vach dacous as well as the negligeet Biscret Neles to be sekl as an icent being may be lice Each of the Dealhundertaken to the Bank to be fit to a secondary market for the Du Notes The Folnal Reave Bank of New Yak has Fox Agnt of the Hak will respect to De Noepsatoa Froil Agency Agromen Cheriginal onance, all Decore Notes dhe asacd only in bock-nary form through the office of the Pacal Agen in New York Desoura Nors will be held by lolding a degrated by the Dealen inclading JPMorgan Chase Blanc NA and Cak NA depas is Fueles Bak SA/NV de Face System, Class Banking, anaye respectively. Autor engan umance, Ducers Nets will connecto be add by wach sliding In lo perdes gf the beef it Do No Holding bikin Paste the pachne price is Discount Nans and payment of Deore Notas at mutatty ane to be reade in immediatly available funds to access of leiding October 6, 2005 THE WORLD BANK Treasury

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