Obbligazione IBRD-Global 11% ( XS0369440135 ) in BRL

Emittente IBRD-Global
Prezzo di mercato 100 BRL  ⇌ 
Paese  Stati Uniti
Codice isin  XS0369440135 ( in BRL )
Tasso d'interesse 11% per anno ( pagato 1 volta l'anno)
Scadenza 16/06/2011 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD XS0369440135 in BRL 11%, scaduta


Importo minimo /
Importo totale 50 000 000 BRL
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 BRL, with the ISIN code XS0369440135, pays a coupon of 11% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 16/06/2011







EXECUTION COPY

Final Terms dated June 12, 2008

International Bank for Reconstruction and Development

Issue of
BRL 50,000,000 11.00 per cent. Notes due June 16, 2011
payable in United States Dollars

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.

SUMMARY OF THE NOTES
1. Issuer:
International Bank for Reconstruction and Development
("IBRD")

2. (i) Series Number:
10026
(ii) Tranche Number:
1

3. Specified Currency or Currencies

(Condition 1(d)):
The lawful currency of the Federative Republic of Brazil
("Brazilian Real" or "BRL"); provided that all payments in
respect of the Notes will be made in United States
Dollars ("USD")

4. Aggregate Nominal Amount:

(i) Series:
BRL 50,000,000
(ii) Tranche:
BRL 50,000,000

5. (i) Issue Price:
100.58 per cent. of the Aggregate Nominal Amount
(ii) Net proceeds:
BRL 49,602,500

6. Specified Denominations

(Condition
1(b)):
BRL 5,000 and multiples thereof

7. Issue Date:
June 16, 2008

8. Maturity Date (Condition 6(a)):
June 16, 2011

9. Interest Basis (Condition 5):
Fixed Rate
(further particulars specified below)

10. Redemption/Payment Basis

(Condition 6):
Redemption at par

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11. Call/Put Options (Condition 6):
None

12. Status of the Notes (Condition 3):
Unsecured and unsubordinated

13. Listing: Luxembourg

14. Method of distribution:
Syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Note Provisions

(Condition 5(a)):
Condition 5(a), as amended and supplemented below, shall
apply to the Notes. The bases of calculation of the Interest
Amount, Interest Payment Dates and default interest are as
set forth below.

(i) Rate of Interest:
11.00 per cent. per annum payable annually in arrear


(ii) Interest Payment Date(s):
June 16 in each year, commencing on June 16, 2009 to and
including the Maturity Date.

(iii) Fixed Coupon Amount:
BRL 550 per minimum Specified Denomination; provided
that the Interest Amount (as defined below) per Specified
Denomination will be paid in USD calculated as provided
below.

(iv) Day Count Fraction

(Condition 5(l)):
Actual/Actual (ICMA)

(v) Other terms relating to the

method of calculating interest
for Fixed Rate Notes:
The amount of interest per Specified Denomination (the
"Interest Amount") in respect of an Interest Payment Date
will be payable in USD and determined by Citibank, N.A.,
as calculation agent for the Notes (together with any
successor calculation agent, the "Calculation Agent"), on the
relevant Rate Fixing Date (as defined below) by applying
the following formula:

Rate of Interest
multiplied by
Specified Denomination
divided by
Reference Rate

and multiplying this result by the Day Count Fraction and
rounding down to the nearest cent.

Where:

"Reference Rate" means the rate determined by the
Calculation Agent that is equal to the Brazilian Real/USD
spot offer rate (i.e., the rate at which banks buy BRL and sell
USD) expressed as the amount of BRL per one USD, for
settlement in two São Paulo and New York Business Days,
reported by the Banco Central do Brasil on SISBACEN
Data System under transaction code PTAX-800 ("Consultas
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de Câmbio" or "Exchange Rate Inquiry"), Option 5
("Cotações para Contabilidade" or "Rates for Accounting
Purposes") (the "PTAX Rate" or BRL09 as set forth on
Reuters Page BRFR or such other page or service as may
replace any such page for the purposes of displaying the
BRL/USD reference rate published by the Banco Central do
Brasil) at around 8:30 p.m. São Paulo time on the relevant
Rate Fixing Date as determined by the Calculation Agent,
provided, however, that:

(1) in the event that the PTAX Rate is unavailable on the
Rate Fixing Date, then the BRL/USD Rate shall be the
BRL 12; and

(2) if both the PTAX Rate and BRL12 are not available on
the relevant Rate Fixing Date, then the Reference Rate shall
be determined by the Calculation Agent on the relevant Rate
Fixing Date in good faith and in a commercially reasonable
manner, having taken into account relevant market practice.

"BRL12" means the EMTA BRL Industry Survey Rate
(BRL12), which is the BRL/USD specified rate for USD,
expressed as the amount of BRL per one USD, for
settlement in two Relevant Business Days, as set forth on
Reuters Page EMTA at around 12:30 p.m. (São Paulo time),
or as soon thereafter as practicable, on the relevant Rate
Fixing Date. BRL12 is calculated by EMTA using the
EMTA BRL Industry Survey Methodology, as amended
from time to time, pursuant to which (as of the date of this
Final Terms) EMTA conducts a twice-daily survey of up to
15 Brazilian financial institutions that are active participants
in the BRL/USD spot market. BRL12 will be deemed to be
unavailable on the Rate Fixing Date if (a) it is not published
on Reuters Page EMTA at around 12:30 p.m. (São Paolo
time), or as soon thereafter as practicable or (b) fewer than
five (5) financial institutions participated in the survey.

"Rate Fixing Date" means the day that is five (5) Relevant
Business Days prior to the Interest Payment Date or the
Maturity Date or such other date on which an amount in
respect of the Notes is due and payable; provided, however,
that if such date is an Unscheduled Holiday, the Rate Fixing
Date shall be the next following Relevant Business Day.

"Unscheduled Holiday" means a day that is not a São Paulo
Business Day and the market was not aware of such fact (by
means of a public announcement or by reference to other
publicly available information) until a time later than 9:00
a.m. local time in São Paulo two Relevant Business Days
prior to the relevant Rate Fixing Date.

"Relevant Business Day" means a day (other than a
Saturday or a Sunday) on which the banks and foreign
exchange markets are open for business in each of São
Paulo, London and New York.

"São Paulo and New York Business Day" means a day
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(other than a Saturday or a Sunday) on which the banks and
foreign exchange markets are open for business in both São
Paulo and New York.

"São Paulo Business Day" means a day (other than a
Saturday or a Sunday) on which the banks and foreign
exchange markets are open for business in São Paulo.

PROVISIONS RELATING TO REDEMPTION
16. Final Redemption Amount of each
Note (Condition 6):
BRL 5,000 per minimum Specified Denomination; provided
that the Final Redemption Amount per Specified
Denomination will be payable in USD and determined by
the Calculation Agent on the relevant Rate Fixing Date by
applying the following formula:

BRL 50,000,000
divided by
Reference Rate
divided by
10,000

and rounding down to the nearest cent.

17. Early Redemption Amount

(Condition 6(c)):
The Final Redemption Amount payable in USD as

determined in accordance with Term 16 above plus accrued
interest to, but excluding, the date of early redemption.

GENERAL PROVISIONS APPLICABLE TO THE NOTES
18. Form of Notes (Condition 1(a)):
Registered Notes:

Global Registered Certificate available on Issue Date

19. New Global Note:
No

20. Financial Centre(s) or other special
provisions relating to payment

dates (Condition 7(h)):
São Paulo, London, New York

21. Governing law (Condition 14):
New York

22. Other final terms:
Not Applicable

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DISTRIBUTION
23. (i) If syndicated, names of

Managers and underwriting

commitments:
The Toronto-Dominion Bank BRL 46,000,000

J.P. Morgan Securities Ltd. BRL 2,000,000
KBC Bank NV BRL 2,000,000

(ii) Stabilizing
Manager(s)
(if

any):
The Toronto-Dominion Bank

24. Total commission and concession:
1.375 per cent. of the Aggregate Nominal Amount

25. Additional selling restrictions:
Brazil: Each Manager has acknowledged that the Notes may
not be offered or sold to the public in Brazil and that
accordingly, the offering of the Notes has not been
submitted to the Brazilian Securities and Exchange
Commission (Commisáo de Valores Mobilários, the CVM)
for approval. The Managers have represented and agreed
that documents relating to such offering, as well as the
information contained herein and therein, may not be
supplied to the public, as a public offering in Brazil or be
used in connection with any offer for subscription or sale to
the public in Brazil.

OPERATIONAL INFORMATION

26. ISIN Code:
XS0369440135

27. Common Code:
036944013

28. Delivery: Delivery
against
payment

29. Registrar and Transfer Agent (if

any):
Citibank, N.A.

30. Intended to be held in a manner

which would allow Eurosystem
eligibility:
No


GENERAL INFORMATION
IBRD's most recent Information Statement was issued on September 14, 2007.

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.

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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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