Bond IBRD-Global 1.5% ( XS2231185773 ) in USD

Issuer IBRD-Global
Market price 100 %  ⇌ 
Country  United States
ISIN code  XS2231185773 ( in USD )
Interest rate 1.5% per year ( payment 2 times a year)
Maturity 23/09/2040 - Bond has expired



Prospectus brochure of the bond IBRD XS2231185773 in USD 1.5%, expired


Minimal amount 100 000 USD
Total amount 70 000 000 USD
Detailed description 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 XS2231185773, pays a coupon of 1.5% per year.
The coupons are paid 2 times per year and the Bond maturity is 23/09/2040







Final Terms dated 18 September 2020

International Bank for Reconstruction and Development

Issue of USD 70,000,000 Callable 1.475 per cent. Notes due 23 September 2040

under the
Global Debt Issuance Facility

Terms used herein shall be deemed to be defined as such for the purposes of the terms and
conditions (the "Conditions") set forth in the Prospectus dated May 28, 2008. This document
constitutes the Final Terms of the Notes described herein and must be read in conjunction with
such Prospectus.
MiFID II product governance / Professional investors and ECPs only target markets ­ See
Term 31 below.
SUMMARY OF THE NOTES

1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i)
Series Number:
101210
(ii) Tranche Number:
1
3.
Specified Currency or Currencies
United States Dollar ("USD")
(Condition 1(d)):
4.
Aggregate Nominal Amount:

(i)
Series:
USD 70,000,000
(ii) Tranche:
USD 70,000,000
5.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
(ii) Net Proceeds:
USD 70,000,000
6.
Specified Denominations
USD 100,000
(Condition 1(b)):
7.
Issue Date:
23 September 2020
8.
Maturity Date (Condition 6(a)):
23 September 2040
9.
Interest Basis (Condition 5):
1.475 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
Redemption at par
(Condition 6):
11. Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Call/Put Options (Condition 6):
Call Option
(further particulars specified below)
13. Status of the Notes (Condition 3):
Unsecured and unsubordinated
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Non-syndicated



PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i)
Rate of Interest:
1.475 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
23 September in each year, from and including 23
September 2021 to and including the Maturity Date, not
subject to adjustment in accordance with a Business Day
Convention
(iii) Interest Period Date(s):
Each Interest Payment Date
(iv) Business Day Convention:
Not Applicable
(v) Day Count Fraction
30/360
(Condition 5(l)):
(vi) Other terms relating to the
Not Applicable
method of calculating interest
for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Call Option (Condition 6(d)):
Applicable
(i) Optional Redemption Date(s):
23 September 2023
(ii) Optional Redemption
USD 100,000 per Specified Denomination
Amount(s) of each Note and
method, if any, of calculation of
such amount(s):
(iii) Notice period:
Not less than five London and New York Business Days
prior to the Optional Redemption Date
18. Final Redemption Amount of each
USD 100,000 per Specified Denomination
Note (Condition 6):
19. Early Redemption Amount
As set out in the Conditions
(Condition 6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
20. Form of Notes (Condition 1(a)):
Bearer Notes:

Temporary Global Note exchangeable for a Permanent
Global Note on the Exchange Date
Exchange Date in respect of Temporary Global Note:
2 November 2020
21. New Global Note:
Yes
22. Financial Centre(s) or other special
London and New York
provisions relating to payment dates
(Condition 7(h)):
23. Talons for future Coupons or
No
Receipts to be attached to Definitive
Notes (and dates on which such
Talons mature) (Condition 7(g)):
24. Unmatured Coupons to become void
No
(Condition 7(f)):
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25. Governing law (Condition 14):
English
26. Other final terms:
Not Applicable
DISTRIBUTION

27. (i) If syndicated, names of
Not Applicable
Managers and underwriting
commitments:
(ii) Stabilizing Manager(s) (if any):
Not Applicable
28. If non-syndicated, name of Dealer:
Morgan Stanley & Co. International plc
29. Total commission and concession:
Not Applicable
30. Additional selling restrictions:
Not Applicable
31. MiFID II product governance /
Directive 2014/65/EU (as amended, "MiFID II")
Professional investors and ECPs
product governance / Professional investors and
target markets:
eligible counterparties ("ECPs") only target market:
Solely for the purposes of the manufacturer's product
approval process, the target market assessment in respect
of the Notes has led to the conclusion that (i) the target
market for the Notes is eligible counterparties and
professional clients only, each as defined in MiFID II; and
(ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate.
Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take
into consideration the manufacturer's target market
assessment; however, a distributor subject to MiFID II is
responsible for undertaking its own target market
assessment in respect of the Notes (by either adopting or
refining the manufacturer's target market assessment) and
determining appropriate distribution channels.
IBRD does not fall under the scope of application of the
MiFID II package. Consequently, IBRD does not qualify
as an "investment firm", "manufacturer" or "distributor"
for the purposes of MiFID II.
For the purposes of this provision, the expression
"manufacturer" means the Dealer.
OPERATIONAL INFORMATION

32. ISIN Code:
XS2231185773
33. Common Code:
223118577
34. Delivery:
Delivery against payment
35. Intended to be held in a manner
Yes.
which would allow Eurosystem
Note that the designation ``yes'' simply means that the
eligibility:
Notes are intended upon issue to be deposited with one of
the ICSDs as common safekeeper and does not necessarily
mean that the Notes will be recognized as eligible
collateral for Eurosystem monetary policy and intra-day
credit operations by the Eurosystem either upon issue or at
any or all times during their life. Such recognition will
depend upon the European Central Bank being satisfied
that Eurosystem eligibility criteria have been met.
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GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 24 September 2019.
USE OF PROCEEDS
Supporting sustainable development in IBRD's member countries
The net proceeds from the sale of the Notes will be used by IBRD to finance sustainable
development projects and programs in IBRD's member countries (without being committed or
earmarked for lending to, or financing of, any particular projects or programs). Prior to use, the net
proceeds will be invested by IBRD's Treasury in accordance with IBRD's liquid asset
management investment policies. IBRD's financing is made available solely to middle-income
and creditworthy lower-income member countries who are working in partnership with IBRD to
eliminate extreme poverty and boost shared prosperity, so that they can achieve equitable and
sustainable economic growth in their national economies and find sustainable solutions to pressing
regional and global economic and environmental problems. Projects and programs supported by
IBRD are designed to achieve a positive social impact and undergo a rigorous review and internal
approval process aimed at safeguarding equitable and sustainable economic growth.
IBRD integrates the following five global themes into its lending activities helping its
borrowing members create sustainable development solutions: climate change; gender;
infrastructure, public-private partnerships and guarantees; knowledge management, and fragility,
conflict and violence.
IBRD's administrative and operating expenses are covered entirely by IBRD's various
sources of revenue (net income) consisting primarily of interest margin, equity contribution and
investment income (as more fully described in the Information Statement).
LISTING APPLICATION
These Final Terms comprise the final terms required for the admission to the Official List of
the Luxembourg Stock Exchange and to trading on the Luxembourg Stock Exchange's regulated
market of the Notes described herein issued pursuant to the Global Debt Issuance Facility of
International Bank for Reconstruction and Development.
RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:
By:
Name:
Title:
Duly authorized
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