Obbligazione IBRD-Global 11% ( XS0362287764 ) in ZAR

Emittente IBRD-Global
Prezzo di mercato 100 ZAR  ⇌ 
Paese  Stati Uniti
Codice isin  XS0362287764 ( in ZAR )
Tasso d'interesse 11% per anno ( pagato 1 volta l'anno)
Scadenza 10/11/2011 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD XS0362287764 in ZAR 11%, scaduta


Importo minimo /
Importo totale 500 000 000 ZAR
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 ZAR, with the ISIN code XS0362287764, pays a coupon of 11% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 10/11/2011











Pricing Supplement








International Bank for Reconstruction and Development

Global Debt Issuance Facility


No. 1991

ZAR 500,000,000 11.00 per cent. Notes due November 10, 2011




Deutsche Bank

JPMorgan
KBC International Group
RBC Capital Markets
UBS Investment Bank










The date of this Pricing Supplement is May 6, 2008






2
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 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:
1991
2.
Aggregate Principal Amount:
ZAR 500,000,000
3.
Issue Price:
100.5255 per cent.
4.
Issue Date:
May 8, 2008
5.
Form of Notes (Condition 1(a)):
Registered only
6.
Authorised Denominations (Condition
ZAR 10,000
1(b)):
7.
Specified Currency (Condition 1(d)):
South African Rand ("ZAR")
8.
Maturity Date:
November 10, 2011
9.
Interest Basis (Condition 5):
Fixed Interest Rate
10.
Fixed Interest Rate (Condition 5(I)):


(a)
Interest Rate:
11.00 per cent. per annum

(b)
Fixed Interest Payment Date(s):
November 10 of each year, with a short first
coupon payable on November 10, 2008 for the
period from and including May 8, 2008 to but
excluding November 10, 2008.

(c)
Fixed Rate Day Count Fraction: Actual/Actual
(ICMA)
For the avoidance of doubt, Actual/Actual
(ICMA) refers to Actual/Actual as set out in Rule
251 of the statutes, by-laws, rules and
recommendations of the International Capital
Market Association (ICMA) as published in
April 1999 and as applied to straight and
convertible notes issued after December 31,
1998.

(d)
Initial Broken Amount:
ZAR 559.02 per Authorised Denomination
11. Relevant
Financial Center:
Johannesburg
12.
Relevant Business Days:
London, New York, Johannesburg







3
13.
Redemption Amount (if other than
100 per cent. of the Principal Amount
Principal Amount) (Condition 6(a)):
14.
Redemption at the option of the
No
Noteholders (Condition 6(f)):
15.
Long Maturity Note (Condition 7(f)):
No
16.
Early Redemption (Condition 9):
Principal Amount plus accrued interest
17.
Prescription (Condition 8):

(a)
Principal:
10
years
(b)
Interest:
5
years
18. Governing
Law:
English

Other Relevant Terms

1.
Listing (if yes, specify Stock Exchange):
Yes - 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.
Clearance and Settlement Procedures:
Payment for the Notes will be on a payment versus
delivery basis.
3. Syndicated:
Yes
4. If
Syndicated:


(a)
Liability:
Joint and several

(b)
Lead Manager:
Deutsche Bank AG, London Branch

(c)
Stabilising Manager:
Deutsche Bank AG, London Branch
5.
Commissions and Concessions:
(i) Combined management and underwriting
commission:

0.1875 per cent. of the Principal Amount of the
Notes
(ii) Selling concession:

1.1875 per cent. of the Principal Amount of the
Notes
6. Codes:

(a)
Common
Code:
036228776
(b)
ISIN:
XS0362287764
7.
Identity of Managers:
Deutsche Bank AG, London Branch
J.P. Morgan Securities Ltd.
KBC Bank NV
Royal Bank of Canada Europe Limited
UBS Limited






4
8.
Provisions for Registered Notes:


(a)
Individual Definitive Registered
No

Notes available on Issue Date:

(b)
DTC Global Note:
No

(c)
Other Global Registered Notes:
Yes, one
9.
Other Address at which Bank Information
None
available:

General Information

The Bank's latest Information Statement was issued on September 14, 2007.

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 1 January 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 apply to the issue:

1.
United Kingdom:
Each Manager has represented and agreed that 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 the Notes in, from or otherwise involving the
United Kingdom.
2.
South Africa:
Each Manager has represented and agreed that it has not offered
or sold and will not offer or sell, directly or indirectly, any

Notes in the Republic of South Africa or to persons resident in
the Republic of South Africa.


INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

By: