Obbligazione IBRD-Global 0% ( XS2306402111 ) in EUR

Emittente IBRD-Global
Prezzo di mercato 100 EUR  ⇌ 
Paese  Stati Uniti
Codice isin  XS2306402111 ( in EUR )
Tasso d'interesse 0%
Scadenza 05/03/2061 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD XS2306402111 in EUR 0%, scaduta


Importo minimo 1 000 000 EUR
Importo totale 50 000 000 EUR
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 XS2306402111, emessa dalla International Bank for Reconstruction and Development (IBRD), ha completato il suo ciclo di vita finanziario, giungendo a scadenza ed essendo stata integralmente rimborsata. L'emittente di questo strumento finanziario è l'International Bank for Reconstruction and Development (IBRD), un'istituzione chiave del Gruppo della Banca Mondiale con sede negli Stati Uniti, la cui missione principale è la riduzione della povertà e il sostegno allo sviluppo economico nei paesi a reddito medio e a basso reddito solvibili, attraverso la fornitura di prestiti, garanzie e servizi di consulenza. Il titolo, di tipo obbligazionario, era denominato in Euro (EUR) e presentava un tasso d'interesse nullo (0%), configurandosi quindi come un'obbligazione zero-coupon, con un unico pagamento alla scadenza. La dimensione totale dell'emissione ammontava a 50.000.000 EUR, con una dimensione minima per l'acquisto fissata a 1.000.000 EUR, indicando un'emissione principalmente destinata a investitori istituzionali o di grandi dimensioni. La scadenza originaria dell'obbligazione era prevista per il 5 marzo 2061. Con il raggiungimento di tale data, l'obbligazione ha completato il suo termine ed è stata rimborsata al 100% del suo valore nominale, come evidenziato dal prezzo attuale di mercato al momento del rimborso. La frequenza di pagamento, pari a uno, conferma la struttura del rimborso unico a scadenza, tipica delle obbligazioni zero-coupon.







Final Terms dated February 26, 2021
International Bank for Reconstruction and Development
Issue of EUR 50,000,000 Callable Zero Coupon Notes due March 5, 2061

under the
Global Debt Issuance Facility

Terms used herein sha ll be deemed to be defined a s such for the purposes of the terms and conditions (the
"Conditions") set forth in the Prospectus dated Ma y 28, 2008. This document constitutes the Fina l Terms
of the Notes described herein a nd must be rea d in conjunction with such Prospectus.

UK MiFIR product governance /Professional investors and ECPs target markets ­ See Term 29 below.

SUMMARY OF THE NOTES
1.
Issuer:
Interna tional Ba nk for Reconstruction and Development
("IBRD")
2.
(i)
Series Number:
101324

(ii)
Tra nche Number:
1
3.
Specified Currency or Currencies
Euro ("EUR")
(Condition 1(d)):
4.
Aggrega te Nomina l Amount:


(i)
Series:
EUR 50,000,000

(ii)
Tra nche:
EUR 50,000,000
5.
(i)
Issue Price:
100.00 per cent. of the Aggrega te Nomina l Amount

(ii)
Net Proceeds:
EUR 50,000,000
6.
Specified Denomina tions
EUR 1,000,000
(Condition 1(b)):
7.
Issue Da te:
Ma rch 5, 2021
8.
Ma turity Da te (Condition 6(a )):
Ma rch 5, 2061
9.
Interest Ba sis (Condition 5):
Zero Coupon
(further pa rticula rs specified below)
10.
Redemption/Payment Ba sis
Ea ch Note will be redeemed a t its Optiona l Redemption
(Condition 6):
Amount, its Ea rly Redemption Amount or its Fina l
Redemption Amount, a s a pplica ble.
11.
Cha nge of Interest or
Not Applica ble
Redemption/Payment Basis:
12.
Ca ll/Put Options (Condition 6):
Ca ll Option
(further pa rticula rs specified below)
13.
Sta tus of the Notes (Condition 3):
Unsecured a nd unsubordinated
14.
Listing:
Luxembourg Stock Excha nge
15.
Method of distribution:
Non-syndica ted


PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

16.
Zero Coupon Note Provisions
Applica ble
(Condition 5(c)):

(i)
Amortiza tion Yield
1.09 per cent. per a nnum
(Condition 6(c)(ii)):

(ii)
Da y Count Fra ction
30/360

(Condition 5(l)):

(iii)
Any other formula /basis of Not Applica ble

determining a mount
pa ya ble:
PROVISIONS RELATING TO REDEMPTION
17.
Ca ll Option (Condition 6(d)):
Applica ble


(i)
Optiona l Redemption
Ma rch 5, 2031, Ma rch 5, 2036, March 5, 2041, March 5, 2046
Da te(s):
a nd Ma rch 5, 2051

(ii)
Optiona l Redemption
The Optiona l Redemption Amount for ea ch Optiona l
Amount(s) of ea ch Note
Redemption Da te is set out opposite such da te in the table
a nd method, if a ny, of
below, expressed a s a percenta ge of the Specified
ca lcula tion of such
Denomination, a nd paya ble on the applicable Optiona l
a mounts:
Redemption Da te:



Optional
Optional Redemption Amount
Redemption Date
expressed as a percentage of the
Specified Denomination



Ma rch 5, 2031
111.450487 per cent.



Ma rch 5, 2036
117.658404 per cent.



Ma rch 5, 2041
124.212109 per cent.



Ma rch 5 2046
131.130863 per cent.



Ma rch 5, 2051
138.434999 per cent.

(iii)
Notice Period:
Not less tha n five (5) London, New York a nd TARGET
Business Da ys prior to the relevant Optiona l Redemption
Da te
18.
Fina l Redemption Amount of each
154.286480 per cent. of the Aggrega te Nomina l Amount
Note (Condition 6):
(which, for the a voida nce of doubt, equa tes to EUR
1,542,864.80 per Specified Denomina tion)
19.
Ea rly Redemption Amount
As set out in the Conditions
(Condition 6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
20.
Form of Notes (Condition 1(a )):
Bea rer Notes

Tempora ry Globa l Note excha ngea ble for a Perma nent
Globa l Note on the Excha nge Da te
Excha nge Da te in respect of the Tempora ry Globa l Note:
April 14, 2021
21.
New Globa l Note:
Yes

22.
Fina ncia l Centre(s) or other specia l
London, New York a nd TARGET
provisions rela ting to pa yment
da tes (Condition 7(h)):
23.
Governing la w (Condition 14):
English

24.
Other fina l terms:
Not Applica ble

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DISTRIBUTION
25.
(i)
If syndica ted, na mes of
Not Applica ble
Ma na gers a nd
underwriting
commitments:

(ii)
Sta bilizing Ma na ger(s) (if
Not Applica ble
a ny):
26.
If non-syndica ted, na me of Dea ler:
Merrill Lynch Interna tional
27.
Tota l commission a nd concession:
Not Applica ble
28.
Additiona l selling restrictions:
Not Applica ble
29.
UK M iFIR product governa nce /
Regulation (EU) No 600/2014 as it forms part of domestic
Professiona l investors a nd ECPs
law by virtue of the European Union (Withdrawal) Act
ta rget ma rkets:
2018 ("UK MiFIR") product governance /Professional
investors and ECPs only target market: Solely for the
purposes of the manufa cturer's product a pprova l process, the
ta rget ma rket a ssessment in respect of the Notes ha s led to the
conclusion tha t: (i) the ta rget ma rket for the Notes is only
eligib le counterpa rties (a s defined in the United Kingdom
Fina ncia l Conduct Authority (the "FCA") Ha ndbook
Conduct of Business Sourcebook ("COBS")), a nd
professiona l clients (a s defined in UK MiFIR); a nd (ii) a ll
cha nnels for distribution of the Notes to eligible
counterpa rties and professiona l clients a re a ppropriate. Any
person subsequently offering, se lling or recommending the
Notes (a "distributor") should ta ke into considera tion the
ma nufacturer's ta rget ma rket a ssessment; however, a
distributor subject to the FCA Ha ndbook Product Intervention
and Product Governance Sourcebook (the "UK MiFIR
Product Governance Rules") is responsible for underta king
its own ta rget ma rket a ssessment in respect of the Notes (by
either a dopting or refining the manufa cturer's ta rget ma rket
a ssessment) and determining a ppropriate distribution
cha nnels.
For the purposes of this provision, the term "manufacturer"
mea ns the Dea ler.
IBRD does not fa ll under the scope of application of UK
MiFIR. Consequently, IBRD does not qua lify a s an
"investment firm", "ma nufacturer" or "distributor" for the
purposes of UK MiFIR.
OPERATIONAL INFORMATION
30.
ISIN Code:
XS2306402111
31.
Common Code:
230640211
32.
Delivery:
Delivery a ga inst pa yment
33.
Intended to be held in a ma nner
Yes
which would a llow Eurosystem
Note that the designa tion ``yes'' simply means tha t the Notes
eligibility:
a re intended upon issue to be deposited with one of the ICSDs
a s common safekeeper a nd does not necessa rily mea n tha t the
Notes will be recognized a s eligib le colla tera l for Eurosystem
moneta ry policy a nd intra -day credit opera tions by the
Eurosystem either upon issue or a t a ny or a ll times during
their life. Such recognition will depend upon the ECB being
sa tisfied tha t Eurosystem eligibility criteria ha ve been met.
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GENERAL INFORMATION
IBRD's most recent Information Statement wa s issued on September 23, 2020.

USE OF PROCEEDS
Supporting sustainable development in IBRD's member countries
The net proceeds from the sa le of the Notes will be used by IBRD to fina nce susta inable development
projects and programs in IBRD's member countries (without being committed or ea rma rked for lending to,
or fina ncing of, a ny pa rticula r projects, progra ms or a ctivities). Prior to use, the net proceeds will be invested
by IBRD's Trea sury in a ccorda nce with IBRD's liquid a sset ma na gement investment policies. IBRD's
fina ncing is ma de ava ila ble solely to middle-income and creditworthy lower-income member countries who
a re working in pa rtnership with IBRD to elimina te extreme poverty and boost sha red prosperity, so that they
can a chieve equitable a nd susta inable economic growth in their na tiona l economies and find susta inable
solutions to pressing regiona l a nd globa l economic a nd environmenta l problems. Projects a nd progra ms
supported by IBRD a re designed to a chieve a positive socia l impa ct and undergo a rigorous review a nd
interna l a pprova l process a imed a t sa feguarding equita ble a nd susta inable economic growth.
IBRD integra tes the following five globa l themes into its lending a ctivities help ing its borrowing members
create susta inable development solutions: climate change; gender; infra structure, public-priva te pa rtnerships
a nd gua ra ntees; knowledge ma nagement, a nd fragility, conflict a nd violence.
IBRD's administra tive and opera ting expenses a re covered entirely by IBRD's va rious sources of revenue
(net income) consisting prima rily of net loan revenues and investment income (a s more fully described in
the Informa tion Sta tement).

LISTING APPLICATION
These Fina l Terms comprise the fina l terms required for the a dmission to the Officia l List of the Luxembourg
Stock Exchange and to tra ding on the Luxembourg Stock Exchange's regula ted ma rket of the Notes
described herein issued pursua nt to the Globa l Debt Issua nce Fa cility of Interna tiona l Bank for
Reconstruction a nd Development.

RESPONSIBILITY

IBRD a ccepts responsibility for the informa tion contained in these Fina l Terms.
Signed on beha lf of IBRD:


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

Na me:
Title:

Duly a uthorized

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