Obbligazione IBRD-Global 0% ( US45905UEY64 ) in USD

Emittente IBRD-Global
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US45905UEY64 ( in USD )
Tasso d'interesse 0%
Scadenza 12/04/2021 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD US45905UEY64 in USD 0%, scaduta


Importo minimo /
Importo totale 10 000 000 USD
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.

The Obbligazione issued by IBRD-Global ( United States ) , in USD, with the ISIN code US45905UEY64, pays a coupon of 0% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 12/04/2021
















EXECUTION VERSION

PRICING SUPPLEMENT






International Bank for Reconstruction and Development
Global Debt Issuance Facility






No 2990
USD10,000,000 Range Accrual Callable Notes
Due 12 April, 2021















MORGAN STANLEY




The date of this Pricing Supplement is 7 April, 2006


This document ("Pricing Supplement") is issued to give details of an issue by 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 7 October, 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
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 only the terms
which form part of the Notes for such issue.
1. No.:
2990
2.
Aggregate Principal Amount:
USD10,000,000
3.
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount
4.
Issue Date:
12 April, 2006.
5.
Form of Notes (Condition 1(a)):
Registered Notes only.
6.
Authorized Denomination(s):
USD1,000 and increments of USD1,000
thereafter
7.
Specified Currency (Condition 1(d)):
United States Dollars ("USD")
8.
Maturity Date:
12 April, 2021.
9.
Interest Basis (Condition 5):
Variable Interest Rate (Condition 5(ii))
10.

Basis of Calculation of Variable Interest


Rate and Interest Payment Dates and
default interest where Condition 5(II)(b)(i)
to (vii), 5(II)(c), 5(II)(d) and 5(II)(e) do not
apply (Condition 5(II)(b)):
(a)
Calculation of Interest Amounts:
The Interest Amount per Authorized

Denomination shall be determined by the
Calculation Agent in accordance with the
following formula:

7.25% x N/365 x Authorized
Denomination

Where:



"N" is the total number of days in respect of
each relevant Interest Period on which the
Reference Rate is within the Accrual Range,
as determined by the Calculation Agent.



"Reference Rate" for any day in the Interest
Period means 6 month USD LIBOR, being
the rate for deposits in USD for a period of
six months which appears on the
Moneyline/Telerate Page 3750 (or such other
page that may replace that page on that
service or a successor service) at 11.00 a.m.
London time on the fifth Relevant Business
Day prior to such day.

If such rate does not appear at the time and
day designated above in respect of any day in
the Interest Period, the Calculation Agent
shall determine the Reference Rate by
requesting the principal London office of
each of four major banks in the London
interbank market (the "Reference Banks")
to provide a quotation for the rate at which
deposits in USD dollars were offered to
prime banks in the London interbank market
for a period of 6 months at approximately
11:00 a.m. London time on the fifth Relevant
Business Day prior to such day. If at least
two such quotations are provided, the
Reference Rate will be the arithmetic mean
of the quotations.

If only one such quotation is provided, the
Calculation Agent may determine that such
quotation shall be the Reference Rate. If no
such quotations are provided, and the
Calculation Agent determines in its sole
discretion that no suitable replacement
Reference Banks who are prepared to quote
are available, the Calculation Agent shall be
entitled to calculate the Reference Rate in its
sole discretion, acting in good faith and in a
commercially reasonable manner.

"Accrual Range" means for each Interest
Period within the period from and including
April 12, 2006 to but excluding the Maturity
Date, equal to or greater than zero per cent.


but less than or equal to 7.00 per cent.

Rounding
In applying the formula described above in
respect of the Interest Amount, the
Calculation Agent shall round the result of:

7.25% x N/365

to the nearest one-hundred thousandth of one
per cent. prior to multiplying that result by
the Authorized Denomination.


(b)
Interest Payment Dates:
April 12 and October 12 of each year
commencing on October 12, 2006 and ending

on the Maturity Date


(c)
Variable Rate Day Count Fraction:
Actual/365 (meaning the actual number of
days in the relevant Interest Period divided
by 365)

(d)
Calculation Agent:
Citibank, N.A.

11.
Relevant Financial Center:
New York.
12.
Relevant Business Days:
New York and London.
13.
Issuer's Optional Redemption (Condition 6 Yes.
(e)):

(a) Notice Period:
Not less than ten Relevant Business Days.

(b) Amount:
All (and not less than all).

(c)

Date(s):
Each Interest Payment Date from and
including April 12, 2007 to and including
October 12, 2020, subject to adjustment in
accordance with the Following Business Day
Convention.

(d) Early Redemption Amount:
100% of Principal Amount.

(e) Notices:
So long as the Notes are represented by a
Global Note and the Global Note is held on
behalf of a clearing 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 account holders.


Any notice delivered to a clearing system in
accordance with the preceding sentence shall
be deemed to have been given to the
Noteholders on the day on which such notice
is delivered to the clearing system.
14.
Redemption at the Option of the

Noteholders (Condition 6(f)):
No.
15.
Long Maturity Note (Condition 7(f)):
No.
16.
Talons for Future Coupons to be attached to Not Applicable
Definitive Beamer Notes (Condition 7(h):
17.
Early Redemption Amount (including
100.00 per cent. of the Aggregate Principal
accrued interest if applicable) (Condition
Amount plus accrued interest.
9):


18. Prescription (not applicable if governing

law is New York) (Condition 8):



(a) Principal:
10 years


(b) Interest
5 years
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
DTC, Clearstream Banking, société anonyme
the Bank and the Global Agent and
and Euroclear Bank S.A. / N.V., as operator
Clearance and Settlement Procedures:
of the Euroclear system. Payment of the
Notes will be on a delivery versus payment
basis.
3. Syndicated:
No.
4.
Commissions and Concessions:
None.
5. Codes:

a) Cusip
45905UEY6
b) ISIN:
US45905UEY64
c)
Common
Code
024856143
6.
Identity of Dealer
Morgan Stanley & Co. Incorporated


7.
Provision for Registered Notes:
Applicable.

(a) Individual Definitive Registered Notes
No. Interests in the DTC Global Note will be
Available on Issue Date:
exchangeable for Definitive Registered Notes
only in the limited circumstances described
in the Prospectus.

(b) DTC Global Note(s)
Yes; one.

(c) Other Registered Global Notes:
No.

General Information

The Bank's latest Information Statement was issued on September 19, 2005.



CERTAIN UNITED STATES FEDERAL INCOME TAX CONSEQUENCES
United States Internal Revenue Service Circular 230 Notice: To ensure compliance with
Internal Revenue Service Circular 230, prospective investors are hereby notified that: (a)
any discussion of U.S. federal tax issues contained or referred to in this Pricing
Supplement, the Prospectus or any other document referred to herein is not intended or
written to be used, and cannot be used by prospective investors for the purpose of
avoiding penalties that may be imposed on them under the United States Internal Revenue
Code; (b) such discussions are written for use in connection with the promotion or
marketing of the transactions or matters addressed herein; and (c) prospective investors
should seek advice based on their particular circumstances from an independent tax
advisor.
This summary supplements, and to the extent inconsistent therewith, supersedes the
summary entitled "Tax Matters" in the Prospectus.
Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003
("JAGTRRA"), a capital gain of a noncorporate United States Holder that is recognized
before January 1, 2009 is generally taxed at a maximum rate of 15% for property that is
held more than one year. Holders should consult their tax advisors with respect to the
provisions of JAGTRRA.
The following additional selling restrictions shall apply to the issue:
United Kingdom:
Each Dealer has agreed that: (i) it has only
communicated or caused to be
communicated and will only communicate
or cause to be communicated any invitation
or inducement to engage in investment
activity (within the meaning of section 21
of the Financial Services and Markets Act
2000) received by it in connection with the


issue or sale of any Notes in circumstances
in which section 21(1) of the Financial
Services and Markets Act 2000 does not
apply to the Issuer, and (ii) it has complied
and will comply with all applicable
provisions of the Financial Services and
Markets Act 2000 with respect to anything
done by it in relation to such Notes in, from
or otherwise involving the United
Kingdom.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT




By: .............................................................................
Authorized
Officer


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

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

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
One Silk Street
London EC2Y 8HQ





Document Outline