Obbligazione IBRD-Global 4.25% ( CA459058KV44 ) in CAD

Emittente IBRD-Global
Prezzo di mercato refresh price now   100 CAD  ⇌ 
Paese  Stati Uniti
Codice isin  CA459058KV44 ( in CAD )
Tasso d'interesse 4.25% per anno ( pagato 1 volta l'anno)
Scadenza 18/09/2030



Prospetto opuscolo dell'obbligazione IBRD CA459058KV44 en CAD 4.25%, scadenza 18/09/2030


Importo minimo /
Importo totale /
Cusip 459058KV4
Coupon successivo 18/09/2025 ( In 78 giorni )
Descrizione dettagliata La Banca Internazionale per la Ricostruzione e lo Sviluppo (IBRD), parte del Gruppo Banca Mondiale, fornisce prestiti a tassi agevolati a paesi a medio reddito per progetti di sviluppo.

L'obbligazione con codice ISIN CA459058KV44, codice CUSIP 459058KV4, emessa da IBRD negli Stati Uniti, presenta un prezzo di mercato attuale del 100%, denominazione in CAD, un tasso di interesse del 4,25%, scadenza il 18/09/2030 e frequenza di pagamento annuale.







Final Terms dated September 13, 2023
International Bank for Reconstruction and Development
Issue of CAD 1,000,000,000 4.250 per cent. Fixed Rate Notes due September 18, 2030
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 September 24, 2021. 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:
101812
(ii)
Tranche Number:
1
3.
Specified Currency or
Canadian Dollars ("CAD")
Currencies (Condition 1(d)):
4.
Aggregate Nominal Amount:
(i)
Series:
CAD 1,000,000,000
(ii)
Tranche:
CAD 1,000,000,000
5.
(i)
Issue Price:
99.844 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
CAD 996,940,000
6.
Specified Denominations
CAD 1,000 and multiples thereof
(Condition 1(b)):
7.
Issue Date:
September 18, 2023
8.
Maturity Date (Condition 6(a)):
September 18, 2030
9.
Interest Basis (Condition 5):
4.250 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):
Not Applicable
13.
Status of the Notes (Condition
Unsecured and unsubordinated
3):
14.
Listing:
Luxembourg Stock Exchange
15.
Method of distribution:
Syndicated


- 2 -

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Note Provisions
Applicable
(Condition 5(a)):

(i)
Rate of Interest:
4.250 per cent. per annum payable semi-annually in arrear

(ii) Interest Payment Date(s):
March 18 and September 18 in each year from and including
March 18, 2024 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
Actual/Actual (Canadian Compound Method), which means
(Condition 5(1)):
when calculating interest for a full regular semi-annual fixed
rate interest period, the day count convention is 30/360 and
when calculating interest for a period other than a full regular
semi-annual fixed rate interest period, the day count
convention is 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
CAD 1,000 per minimum Specified Denomination
each 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/New
No
Safekeeping Structure:
21.
Financial Centre(s) or other
London, New York and Toronto
special provisions relating to
payment dates (Condition 7(h)):
22.
Governing law (Condition 14):
New York
23.
Other final terms:
See Appendix 1 attached hereto.
DISTRIBUTION
24.
(i)
If syndicated, names of
CIBC World Markets Inc.
CAD 250,000,000
Managers and underwriting
National Bank Financial Inc.

CAD 250,000,000
commitments:
RBC Dominion Securities Inc.

CAD 250,000,000
The Bank of Nova Scotia,
London Branch


CAD 250,000,000
(collectively, the "Dealers").



- 3 -


(ii) Stabilizing Manager(s) (if
Not Applicable
any):
25.
If non-syndicated, name of
Not Applicable
Dealer:
26.
Total commission and
Combined management and underwriting commission of
concession:
0.150 per cent. of the Aggregate Nominal Amount
27.
Additional selling restrictions:
Each of the Dealers has acknowledged, represented and
agreed that it will not distribute or deliver the Prospectus, or
any other offering material in connection with any offering of
Notes into Canada, other than in compliance with the
applicable securities laws or regulations of Canada or of any
province or territory thereof.
28.
UK MiFIR product governance/
Regulation (EU) No 600/2014 as it forms part of domestic
Retail investors, professional
law by virtue of the European Union (Withdrawal) Act
investors and ECPs target
2018 ("UK MiFIR") product governance / Retail investors,
market:
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 conclusion that: (i) the target market for the Notes is
eligible counterparties (as defined in the United Kingdom
Finance 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, a 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 Bank of Nova Scotia, London Branch.
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.
Legal Entity Identifier of the
ZTMSNXROF84AHWJNKQ93
Issuer:
30.
ISIN Code:
CA459058KV44
31.
Common Code:
268910247
32.
CUSIP:
459058KV4



- 4 -
33.
Any clearing system(s) other
CDS Clearing and Depository Services Inc. ("CDS") and
than Euroclear Bank SA/NV,
through direct or indirect participants in CDS: Clearstream
Clearstream Banking S.A. and
Banking S.A. and Euroclear Bank SA/NV
The Depository Trust Company
and the relevant identification
number(s):
34.
Delivery:
Delivery free of payment
35.
Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
36.
Intended to be held in a manner
No
which would allow Eurosystem
eligibility:
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on September 21, 2022.
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


- 5 -
Appendix 1
ADDITIONAL INFORMATION REGARDING THE NOTES
Form, Denomination and Title
The Notes will be issued in registered form, represented by a registered global note certificate registered
in the name of CDS & CO., as nominee of CDS Clearing & Depository Services Inc. ("CDS") and held by
CDS (the "Global Note") substantially in the form set out in Exhibit G to the Amended and Restated
Global Agency Agreement dated as of September 24, 2021 made between the Issuer and Citibank, N.A.,
London Branch as global agent (the "Global Agent") for the holders of the Notes, as supplemented (the
"Agency Agreement"). Beneficial interests in the Notes will be represented through book-entry accounts
of financial institutions acting on behalf of beneficial owners as direct and indirect participants in CDS.
Investors may elect to hold interests in the Notes directly through any of CDS (in Canada) or Clearstream
Banking S.A. ("Clearstream"), or Euroclear Bank SA/NV ("Euroclear") (in Europe) if they are participants
of such systems, or indirectly through organisations which are participants in such systems. Clearstream,
and Euroclear will hold interests in the Notes on behalf of their participants through customers' securities
accounts in their respective names on the books of their respective Canadian subcustodians, each of
which is a Canadian schedule I chartered bank ("Canadian Subcustodians"), which in turn will hold such
interests in customers' securities accounts in the names of the Canadian Subcustodians on the books of
CDS.
None of the Issuer or the Dealers will assume any liability for: (a) any aspect of the records relating to the
beneficial ownership of the Notes held by CDS or the payments relating thereto; (b) maintaining,
supervising or reviewing any records relating to the Notes; or (c) any advice or representation made by or
with respect to CDS and contained in these Final Terms and relating to the rules governing CDS or any
action to be taken by CDS or at the direction of its participants. The rules governing CDS provide that it
acts as the agent and depositary for the CDS participants. As a result, CDS participants must look solely
to CDS and beneficial owners must look solely to CDS participants for the interest payments payable by
or on behalf of the Issuer to CDS with respect to the Notes.
Except in the limited circumstances described below under "Definitive Notes", owners of beneficial
interests in the Notes will not be entitled to have Notes registered in their names, will not receive or be
entitled to receive physical delivery of Notes in definitive form and will not be considered owners or
holders thereof under the Agency Agreement.
All Notes will be recorded in a register maintained by the Registrar and will be registered in the name of
CDS & CO. (or such other nominee of CDS as an authorised representative of CDS may advise) for the
benefit of owners of beneficial interests in the Notes, including participants of Clearstream and Euroclear.
For so long as any of the Notes are represented by the registered global note certificate, the Issuer, the
Global Agent, the Registrar, and the Paying Agent shall treat CDS & CO., or any other nominee
appointed by CDS, as the sole owner or holder of such Notes for all purposes under the Agency
Agreement. Principal and interest payments on the Notes registered in the name of CDS & CO., or any
other nominee appointed by CDS, will be made on behalf of the Issuer to CDS & CO., or any other
nominee appointed by CDS and CDS or such nominee will distribute the payment received.
Secondary market trading between CDS participants will be in accordance with market conventions
applicable to transactions in book-based Canadian domestic bonds. Secondary market trading between
Euroclear participants and Clearstream participants will occur in the ordinary way in accordance with the
applicable rules and operating procedures of Euroclear and Clearstream and will be settled using the
procedures applicable to conventional Eurobonds, in immediately available funds.
Links have been established among CDS, Clearstream and Euroclear to facilitate the initial issuance of
the Notes and cross-market transfers of the Notes associated with secondary market trading. CDS will be


- 6 -
linked to Euroclear and Clearstream through the CDS accounts of the respective Canadian
Subcustodians of Clearstream and Euroclear.
Cross-market transfers between persons holding directly or indirectly through CDS participants, on the
one hand, and directly or indirectly through Clearstream and Euroclear participants, on the other, will be
effected in CDS in accordance with CDS rules; however, such cross-market transactions will require
delivery of instructions to the relevant clearing system by the counterparty in such system in accordance
with its rules and procedures and within its established deadlines. The relevant clearing system will, if the
transaction meets its settlement requirements, deliver instructions to CDS through its Canadian
Subcustodian to take action to effect final settlement on its behalf by delivering or receiving Notes in CDS,
and making or receiving payment in accordance with normal procedures for settlement in CDS.
Clearstream and Euroclear participants may not deliver instructions directly to CDS or the Canadian
Subcustodians.
Because of time-zone differences, credits of notes received in Clearstream or Euroclear as a result of a
transaction with a CDS participant will be made during subsequent securities settlement processing and
dated the business day following the CDS settlement date. Such credits or any transactions in such notes
settled during such processing will be reported to the relevant Euroclear participants or Clearstream
participants on such business day. Cash received in Clearstream or Euroclear as a result of sales of
Notes by or through a Euroclear participant or a Clearstream participant to a CDS participant will be
received with value on the CDS settlement date but will be available in the relevant Euroclear or
Clearstream cash account only as of the business day following settlement in CDS.
Definitive Notes
No beneficial owner of the Notes will be entitled to receive physical delivery of the Notes (represented by
an unrestricted individual note certificate) except in the limited circumstances set out in the Global Note,
and in the following circumstances:
(i) CDS (A) has notified the Bank that it is unwilling or unable to continue to act as a depository for
the Notes and a successor depository is not appointed by the Bank within 90 business days after
receiving such notice; or (B) ceases to be a recognized clearing agency under applicable
Canadian or provincial securities legislation and no successor clearing system satisfactory to the
Bank, acting reasonably, is available within 90 business days after the Bank becoming aware that
CDS is no longer so recognized; or
(ii) the Bank, upon the request of a holder, elects to issue such Certificates representing
Registered Notes to the beneficial owners; or
(iii) a holder has instituted any judicial proceeding in a court to enforce its rights under the Notes
and such holder has been advised by counsel that in connection with such proceeding it is
necessary or appropriate for such holder to obtain possession of its Notes; or
(iv) as provided in the Final Terms
The information in this section concerning CDS, Euroclear and Clearstream has been obtained from
sources the Issuer believes to be reliable, but the Issuer takes no responsibility for the accuracy thereof.
CDS, Euroclear and/or Clearstream may change or discontinue any of the foregoing procedures at any
time.