Bond IBRD-Global 4.5% ( XS0148385460 ) in USD

IBRD-Global

100 % ▼

United States

XS0148385460 ( in USD )

4.5% per year ( payment 2 times a year)

13/06/2008 - Bond has expired

Prospectus brochure of the bond IBRD XS0148385460 in USD 4.5%, expired

100 000 000 USD

The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans and advice to middle-income and creditworthy low-income countries for development projects.

The Bond issued by IBRD-Global ( United States ) , in USD, with the ISIN code XS0148385460, pays a coupon of 4.5% per year.
The coupons are paid 2 times per year and the Bond maturity is 13/06/2008

PRICING SUPPLEMENT

INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT

Global Debt Issuance Facility

No. 2280
US$100,000,000
Callable Fixed Rate Step-up Notes
due June 13, 2008

Morgan Stanley
Prudential-Bache International Limited

The date of this Pricing Supplement is June 11, 2002

This document ("Pricing Supplement") is issued to give details of an issue by the International Bank for
Reconstruction and Development (the "Bank") under its Global Debt Issuance Facility.
This Pricing Supplement supplements the terms and conditions in, and incorporates by reference, the
Prospectus dated October 7, 1997, and all documents incorporated by reference therein (the "Prospectus"),
and should be read in conjunction with the Prospectus. Unless otherwise defined in this Pricing
Supplement, terms used herein have the same meaning as in the Prospectus.
Terms and Conditions
The following items under this heading "Terms and Conditions" are the particular terms which relate to the
issue the subject of this Pricing Supplement. These are the only terms which form part of the form of Notes
for such issue:

1. No.:

2280

2. Aggregate Principal Amount:

US$100,000,000

3. Issue Price:

101.50 per cent. of the Aggregate Principal Amount

4. Issue (Settlement) Date:

June 13, 2002

5. Form of Notes (Condition 1(a)):

Bearer Notes

6. Authorized Denomination

US$1,000 and US$10,000
(Condition 1(b)):

7. Specified Currency (Condition 1(d)):

United States dollars ("US$")

8. Maturity Date:

The Interest Payment Date falling on June 13, 2008,
subject to adjustment in accordance with the Following
Business Day Convention (as set out in item 10(d)
below)

9. Interest Basis (Condition 5):

Fixed Interest Rate

10. Fixed Interest Rate (Condition 5(I))

(a) Interest Rate:

4.50 per cent. per annum in respect of the Interest Period
beginning on (and including) the Issue Date and ending
on (but excluding) the Interest Payment Date falling in
June, 2003;
5.00 per cent. per annum in respect of the Interest Period
beginning on (and including) the Interest Payment Date
falling in June, 2003 and ending on (but excluding) the
Interest Payment Date falling in June, 2004;
5.50 per cent. per annum in respect of the Interest Period
beginning on (and including) the Interest Payment Date
falling in June, 2004 and ending on (but excluding) the
Interest Payment Date falling in June, 2005;
6.00 per cent. per annum in respect of the Interest Period
//

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beginning on (and including) the Interest Payment Date
falling in June, 2005 and ending on (but excluding) the
Interest Payment Date falling in June, 2006;
6.50 per cent. per annum in respect of the Interest Period
beginning on (and including) the Interest Payment Date
falling in June, 2006 and ending on (but excluding) the
Interest Payment Date falling in June, 2007; and
7.00 per cent. per annum in respect of the Interest Period
beginning on (and including) the Interest Payment Date
falling in June, 2007 and ending on (but excluding) the
Interest Payment Date falling on the Maturity Date.
(b) Fixed Rate Interest Payment Dates:

13 June of each year commencing on June 13, 2003,
subject to adjustment in accordance with the Following
Business Day Convention. As the context requires,
references in the Conditions to "Interest Payment Dates"
shall be construed as references to "Fixed Rate Interest
Payment Dates".
(c) Fixed Rate Day Count Fraction:

30/360, as provided in Condition 5(I)(b)
(d) Business Day Convention:

The Following Business Day Convention shall apply to
the Notes provided however, that, with respect to the
Maturity Date (Condition 6(a)), references in Condition
5(III)(C) to "interest" shall be construed as references to
"principal" and references to "Interest Payment Date"
shall be construed as references to the "Maturity Date"

11. Relevant Financial Center:

New York

12. Relevant Business Day:

London and New York

13. Bank's Optional Redemption (Condition

Yes
6(e)):
(a) Notice Period:

Not less than 10 Relevant Business Days
(b) Amount:

All and not less than all
(c) Date(s):

June 13 of each year commencing on June 13, 2003 and
ending on June 13, 2007
(d) Early Redemption Amount (Bank):
100 per cent. of the Principal amount of the Notes.
(e) Notices

So long as Bearer Notes are represented by a Permanent
Global Note and the Permanent Global Note is held on
behalf of a clear ing system, notwithstanding Condition
13, notices to Noteholders may be given by delivery of
the relevant notice to that clearing system for
communication by it to entitled accountholders. Provided
that so long as Notes are listed on the Luxembourg Stock
Exchange, and the rules of that exchange so require,
notice shall be published in a leading daily newspaper in
either the French or German language and of general
circulation in Luxembourg.
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Any notice so delivered to a clearing system shall be
deemed to have been given to the Noteholders on the day
on which the notice is delivered to that clearing system.

14. Redemption at the Option of the

No
Noteholders (Condition 6(f)):
15. Long Maturity Note (Condition 7(f)):

No

16. Talons for Future Coupons to be Attached
No
to Definitive Bearer Notes (Condition

7(h)):
17. Prescription (Condition 8):

(f) Principal:

10 years
(g) Interest:

5 years

18. Early Redemption Amount (including

Principal amount of the Notes plus interest accrued
thereon
accrued interest, if applicable) (Condition
9):
19. Governing Law of the Notes:

English

Other Relevant Terms

1. Listing (if yes, specify Stock Exchange):
Luxembourg Stock Exchange

2. Details of Clearance System approved by
Clearstream Banking, société anonyme and Euroclear
the Bank and the Global Agent and
Bank S.A./N.V. as operator of the Euroclear System.
Payment for the Notes will be on a delivery versus
Clearance and Settlement Procedures:
payment basis.

3. Syndicated:

Yes
4. If Syndicated:

(a) Liability:

Joint and Several
(b) Lead Manager:

Morgan Stanley & Co. International Limited
(c) Stabilizing Manager:

Morgan Stanley & Co. International Limited
5. Commissions and Concessions:

1.70 per cent. comprising 0.20 per cent. Management and
Underwriting fee and 1.50 per cent. Selling Concession.
6. Codes:

(a) Common Code:

14838546
(b) ISIN

XS0148385460

7. Identity of Dealer(s)/Manager(s):

Morgan Stanley & Co. International Limited
Prudential-Bache International Limited

8. Provisions for Bearer Notes:

//

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(a) Exchange Date:

Not earlier than July 25, 2002

(b) Permanent Global Note:

Yes

(c) Definitive Bearer Notes:

No

The Bank's latest Information Statement was issued on September 20, 2001.

The following additional selling restrictions shall apply to the issue:
1. United Kingdom:

Each Dealer is required to comply with all applicable
provisions of the Financial Services and Markets Act
2000 with respect to anything done by it in relation to the
Notes in, from or otherwise involving the United
Kingdom.

INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT

By:
Authorized Officer

//

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INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
1818 H Street, NW
Washington, D.C. 20433

GLOBAL AGENT AND
CALCULATION AGENT
Citibank, N.A.
P.O. Box 18055
5 Carmelite Street
London EC4Y 0PA

LISTING AND SPECIAL AGENT
AND PAYING AGENT
BNP Paribas Securities Services
23, Avenue de la Porte-Neuve
L-2085 Luxembourg

LEGAL ADVISERS TO THE MANAGER
Linklaters & Alliance
Linklaters
One Silk Street
London EC2Y 8HQ

//

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