Obbligazione IBRD-Global 2% ( XS0941044322 ) in CNY

IBRD-Global

100 CNY ⇌

Stati Uniti

XS0941044322 ( in CNY )

2% per anno ( pagato 1 volta l'anno)

17/06/2014 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione IBRD XS0941044322 in CNY 2%, scaduta

2 000 000 000 CNY

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 CNY, with the ISIN code XS0941044322, pays a coupon of 2% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 17/06/2014

Final Terms dated June 12, 2013

International Bank for Reconstruction and Development

Issue of CNY 2,000,000,000 2.00 per cent. Notes due June 17, 2014

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:
10956
(ii) Tranche Number:
1
3.
Specified Currency or Currencies
Renminbi ("CNY")
(Condition 1(d)):
4.
Aggregate Nominal Amount:

(i)
Series:
CNY 2,000,000,000
(ii) Tranche:
CNY 2,000,000,000
5.
(i)
Issue Price:
100 per cent. of the Aggregate Nominal Amount
(ii) Net proceeds:
CNY 1,999,000,000
6.
Specified Denomination
CNY 10,000
(Condition 5(j)):

7.
Issue Date:
June 17, 2013
8.
Maturity Date (Condition 6(a)):
June 17, 2014, subject to adjustment in accordance with the
Modified Following Business Day Convention
9.
Interest Basis (Condition 5):
2.00 per cent. Fixed Rate
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:
2.00 per cent. per annum payable semi-annually in arrear
1

(ii) Interest Payment Date(s):
June 17 and December 17 in each year from and including
December 17, 2013 to and including the Maturity Date, each
such date subject to adjustment in accordance with the
Modified Following Business Day Convention.
(iii) Business Centres:
Hong Kong, London and New York
(iv) Day Count Fraction
Actual/365 (Fixed)

(Condition 5(l)):
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
CNY 10,000 per 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):
New York
23. Other final terms:
See Annex A for certain modifications to the Conditions
with respect to the Notes
DISTRIBUTION
24. (i)
If syndicated, names of
Not Applicable
Managers and underwriting

commitments:
(ii) Stabilizing Manager(s) (if
The Hongkong and Shanghai Banking Corporation Limited
any):
25. If non-syndicated, name of Dealer:
The Hongkong and Shanghai Banking Corporation Limited
26. Total commission and concession:
0.05 per cent. of the Aggregate Nominal Amount
27. Additional selling restrictions:
People's Republic of China:
The Dealer has represented and agreed that the
Notes are not being offered or sold and may not be
offered or sold, directly or indirectly, in the People's
Republic of China (for such purposes, not including
Hong Kong and Macau Special Administrative
Regions or Taiwan).
Hong Kong:
(a) The Dealer has not offered or sold and will not
offer or sell in Hong Kong, by means of any
document, any Notes other than (i) to "professional
investors" as defined in the Securities and Futures
Ordinance (Cap. 571) of Hong Kong and any rules
made under that Ordinance; or (ii) in other
circumstances which do not result in the document
being a "Prospectus" as defined in the Companies
Ordinance (Cap. 32) of Hong Kong or which do not
2

constitute an offer to the public within the meaning
of that Ordinance; and
(b) The Dealer has represented and agreed that it
has not issued or had in its possession for the
purposes of issue, and will not issue or have in its
possession for the purposes of issue, whether in
Hong Kong or elsewhere, any advertisement,
invitation or document relating to the Notes, which
is directed at, or the contents of which are likely to
be accessed or read by, the public of Hong Kong
(except if permitted to do so under the securities
laws of Hong Kong) other than with respect to the
Notes which are or are intended to be disposed of
only to persons outside Hong Kong or only to
"professional investors" as defined in the Securities
and Futures Ordinance (Cap. 571 of Hong Kong)
and any rules made under that Ordinance.
OPERATIONAL INFORMATION

28. ISIN Code:
XS0941044322
29. Common Code:
094104432
30. Any clearing system(s) other than
Not Applicable.
Euroclear Bank S.A./N.V.,
Clearstream Banking, société

anonyme and The Depository
Trust Company and the relevant
identification number(s):
31. Delivery:
Delivery against payment
32. Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
33. Calculation Agent :
Citibank, N.A., London Branch
34. 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 19, 2012.

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.

SUPPLEMENTAL PROSPECTUS INFORMATION
The Prospectus is hereby supplemented with the following information, which shall be
deemed to be incorporated in, and to form part of, the Prospectus.
3

RISK FACTORS
To be read in conjunction with the "Risk Factors" Section starting on page 14 of the 2008
GDIF Prospectus.
The Renminbi is not freely convertible; there are significant restrictions on remittance of
Renminbi into and outside the PRC
The Renminbi is not freely convertible at present. The PRC government continues to regulate
conversion between the Renminbi and foreign currencies, including the Hong Kong dollar, despite
the significant reduction over the years by the PRC government of control over routine foreign
exchange transactions under current accounts.
There can be no assurance that the PRC government will continue to gradually liberalise its
control over cross-border Renminbi remittances in the future or that new PRC regulations will not
be promulgated in the future which have the effect of restricting or eliminating the remittance of
Renminbi into or outside the PRC. In the event that the Issuer is not able to repatriate funds
outside the PRC in Renminbi, the Issuer will need to source Renminbi offshore to finance its
obligations under the Notes, and its ability to do so will be subject to the overall availability of
Renminbi outside the PRC.
There is only limited availability of Renminbi outside the PRC, which may affect the
liquidity of the Notes
As a result of the restrictions by the PRC government on cross-border Renminbi fund flows,
the availability of Renminbi outside of the PRC is limited.
Although it is widely expected that the offshore Renminbi market will continue to grow in
depth and size, its growth is subject to many constraints as a result of PRC laws and regulations on
foreign exchange. There is no assurance that new PRC regulations will not be promulgated in the
future which will have the effect of restricting availability of Renminbi offshore. The limited
availability of Renminbi outside the PRC may affect the liquidity of the Notes. To the extent the
Issuer is required to source Renminbi in the offshore market to service the Notes, there is no
assurance that the Issuer will be able to source such Renminbi on satisfactory terms, if at all.
In limited circumstances set out in Condition 7(i), relating to the unavailability of Renminbi
offshore, the Issuer is entitled to make payments in respect of the Notes in US Dollars.

RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:

By:
..........................................................

Name:
Title:

Duly authorized

4

ANNEX A MODIFICATIONS TO THE CONDITIONS

The Terms and Conditions shall be further modified as set forth below for the purposes of the
Notes that are subject to these Final Terms:
Condition 7 (Payment):
Condition 7(i) shall be replaced with the following:
"Currency of Payment: If the Specified Currency is no longer used by the government of
the PRC for the payment of public and private debts or used for settlement of transactions by
public institutions in the PRC or, in the reasonable opinion of the Calculation Agent, is not
expected to be available, when any payment on this Note is due as a result of circumstances
beyond the control of IBRD, IBRD shall be entitled to satisfy its obligations in respect of such
payment by making such payment in U.S. dollars on the basis of the Spot Rate on the second
Business Day prior to such payment (the "Determination Date") or, if such rate is not available on
the Determination Date, on the basis of the Spot Rate most recently available prior to such
Determination Date, as determined by the Calculation Agent. Any payment made under such
circumstances in U.S. dollars, will constitute valid payment, and will not constitute a default in
respect of this Note. For these purposes "Business Day" means a day (other than a Saturday or
Sunday) on which commercial banks are open for general business (including dealings in foreign
exchange) in Hong Kong, New York and London.
"Spot Rate" means the spot Renminbi/U.S. dollar exchange rate for the purchase of U.S.
dollars with Renminbi in the over-the-counter Renminbi exchange market in Hong Kong for
settlement in two business days, as determined by the Calculation Agent at or around 11 a.m.
(Hong Kong time) on the Determination Date, on a deliverable basis by reference to Reuters
Screen Page TRADCNY3, or if no such rate is available, on a non-deliverable basis by reference
to Reuters Screen Page TRADNDF. If neither rate is available, the Calculation Agent will
determine the Spot Rate at or around 11 a.m. (Hong Kong time) on the Determination Date as the
most recently available Renminbi/U.S. dollar official fixing rate for settlement in two business
days reported by The State Administration of Foreign Exchange of the PRC, which is reported on
the Reuters Screen Page CNY=SAEC. Reference to a page on the Reuters Screen means the
display page so designated on the Reuter Monitor Money Rates Service (or any successor service)
or such other page as may replace that page for the purpose of displaying a comparable currency
exchange rate."

5