Bond IBRD-Global 0.2% ( XS2315809132 ) in HKD

IBRD-Global

100 % ⇌

United States

XS2315809132 ( in HKD )

0.2% per year ( payment 1 time a year)

16/03/2023 - Bond has expired

Prospectus brochure of the bond IBRD XS2315809132 in HKD 0.2%, expired

1 000 000 HKD

200 000 000 HKD

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 HKD, with the ISIN code XS2315809132, pays a coupon of 0.2% per year.
The coupons are paid 1 time per year and the Bond maturity is 16/03/2023

Final Terms dated 11 March 2021

International Bank for Reconstruction and Development

Issue of HKD 200,000,000 0.15 per cent. Notes due 16 March 2023

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 28 May 2008. This document constitutes the Final
Terms of the Notes described herein and must be read in conjunction with such Prospectus.
UK MiFIR product governance / Retail investors, professional investors and ECPs target market
 See Term 28 below.
SUMMARY OF THE NOTES
1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i)
Series Number:
101341
(ii) Tranche Number:
1
3.
Specified Currency or Currencies
Hong Kong Dollars ("HKD")
(Condition 1(d)):
4.
Aggregate Nominal Amount:

(i)
Series:
HKD 200,000,000

(ii) Tranche:
HKD 200,000,000
5.
(i)
Issue Price:
100 per cent. of the Aggregate Nominal Amount

(ii) Net Proceeds:
HKD 200,000,000
6.
Specified Denominations
HKD 1,000,000 and integral multiples thereof
(Condition 1(b)):
7.
Issue Date:
16 March 2021
8.
Maturity Date (Condition 6(a)):
16 March 2023
9.
Interest Basis (Condition 5):
0.15 per cent. Fixed Rate
(further particulars specified below in Term 16)
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):
Not Applicable
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:
0.15 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
16 March 2022 and 16 March 2023, 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:
Actual/365 (Fixed)
(vi) Other terms relating to the
Not Applicable
method of calculating interest
for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
HKD 1,000,000 per minimum Specified Denomination
Note (Condition 6):
18. Early Redemption Amount
As set out in the Conditions
(Condition 6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
19. Form of Notes (Condition 1(a)):
Registered Notes:

Global Registered Certificate available on Issue Date
20. New Global Note:
No
21. Financial Centre(s) or other special
Hong Kong, London and New York
provisions relating to payment dates
(Condition 7(h)):
22. Governing law (Condition 14):
English
23. Other final terms:
The first sentence of Condition 7(a)(ii) is hereby replaced
by the following: "Interest (which for the purpose of this
Condition 7(a) shall include all Instalment Amounts other
than final Instalment Amounts) on Registered Notes shall
be paid to the person shown on the Register at the close of
business on the calendar day before the due date for
payment thereof (the "Record Date")."
DISTRIBUTION
24. (i)
If syndicated, names of
Not Applicable
Managers and underwriting
commitments:
(ii) Stabilizing Manager(s) (if any)
Not Applicable
25. If non-syndicated, name of Dealer:
Morgan Stanley & Co. International plc
26. Total commission and concession:
Not Applicable
27. Additional selling restrictions:
Not Applicable
28. UK MiFIR product governance /
Regulation (EU) No 600/2014 as it forms part of
Retail investors, professional
domestic law by virtue of the European Union
investors and ECPs target market:
(Withdrawal) Act 2018 ("UK MiFIR") product
governance / Retail investors, professional investors
and ECPs 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
2

conclusion that: (i) the target market for the Notes is
eligible counterparties (as defined in the United Kingdom
Financial Conduct Authority (the "FCA") Handbook
Conduct of Business Sourcebook ("COBS")),
professional clients (as defined in UK MiFIR) and retail
clients (as defined in point (8) of Article 2 of Regulation
(EU) No 2017/565 as it forms part of domestic law by
virtue of the European Union (Withdrawal) Act 2018); and
(ii) all channels for distribution of the Notes are
appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take
into consideration the manufacturer's target market
assessment; however, each distributor subject to the FCA
Handbook Product Intervention and Product Governance
Sourcebook (the "UK MiFIR Product Governance
Rules") 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.
For the purposes of this Term 28, "manufacturer" means
the Dealer.
IBRD does not fall under the scope of application of UK
MiFIR. Consequently, IBRD does not qualify as an
"investment firm", "manufacturer" or "distributor" for the
purposes of UK MiFIR.
OPERATIONAL INFORMATION

29. ISIN Code:
XS2315809132
30. Common Code:
231580913
31. Delivery:
Delivery against payment
32. Registrar and Transfer Agent (if any):
Citibank N.A., London Branch
33. Intended to be held in a manner which No
would allow Eurosystem eligibility:

GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 23 September 2020.
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, programs or activities). 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
3

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 net loan revenues 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 IBRD.
RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:
By:
..........................................................
Name:
Title:
Duly authorized
4

Document Outline

#1">Final Terms dated 11 March 2021
#1">
#2">
#2">
#2">
#2">
#2">
#2">