Obligation Intl Bk Renewal & Dev 3.8% ( NZIBDDT009C2 ) en NZD

Intl Bk Renewal & Dev

100 % ▼

Etats-unis

NZIBDDT009C2 ( en NZD )

3.8% par an ( paiement semestriel )

10/02/2020 - Obligation échue

Prospectus brochure de l'obligation Intl Bk Recon & Develop NZIBDDT009C2 en NZD 3.8%, échue

800 000 000 NZD

Intl Bk Recon & Develop est une société spécialisée dans la reconstruction et le développement bancaire, offrant des services d'expertise et de conseil pour la restructuration d'institutions financières en difficulté et le développement de nouvelles structures bancaires.

L'International Bank for Reconstruction and Development (IBRD), également connue sous le nom de Banque Mondiale et émetteur de l'obligation de type ISIN NZIBDDT009C2, a vu cette dernière, domiciliée aux États-Unis mais libellée en dollars néo-zélandais (NZD), arriver à maturité et être intégralement remboursée le 10 février 2020, après avoir offert un taux d'intérêt de 3,8% avec une fréquence de paiement semestrielle et maintenu un prix de marché de 100% sur une émission totale de 800 millions de NZD.

PROSPECTUS
International Bank for Reconstruction
and Development
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer
Under the Global Debt Issuance Facility described in this Prospectus (the "Facility"), International Bank for
Reconstruction and Development ("IBRD"), subject to compliance with all relevant laws, regulations and directives,
may from time to time issue notes with maturities of one day or longer from the date of the original issue (the
"Notes") in an unlimited aggregate nominal amount. Notes will be sold through one or more Dealers appointed by
IBRD, or directly by IBRD itself.
Application has been made for Notes issued under the Facility to be admitted to the official list of the
Luxembourg Stock Exchange (the "Official List") and to trading on the regulated market of the Luxembourg Stock
Exchange. References in this Prospectus to Notes being "listed" (and all related references) shall mean that such
Notes have been admitted to the Official List and admitted to trading on the Luxembourg Stock Exchange's
regulated market. The Facility provides that Notes may be listed on such other or further stock exchange(s) as may
be agreed between IBRD and the relevant Dealer(s) in relation to each issue. Unlisted Notes may also be issued
pursuant to the Facility. The applicable Final Terms in respect of the issue of any Notes will specify whether and on
which exchange such Notes will be listed or whether such Notes will be unlisted. This Prospectus replaces the
prosp
u
ect s dated October 7, 1997 in relation to the Facility, except in relation to Notes issued prior to the date
hereof.
Notes of any particular issue will be in registered form, bookentry form or bearer form, as specified in the
applicable Final Terms. Notes in bearer form may not be offered, sold or delivered within the United States or to
U.S. persons as part of h
t eir primary distribution. Notes will be issued in the denominations specified in the
applicable Final Terms.
Each particular issue of Notes will initially be represented by a global note or global certificate or, in the case
of Notes cleared and settled through the Federal Reserve Bank of New York, by uncertificated bookentry notes.
Global Notes may be issued in new global note form if they are intended to be eligible collateral for Eurosystem
monetary policy, or in classic global note form.
The Facility has been rated AAA by Standard & Poor's Ratings Services, a division of The McGraw Hill
Companies, Inc. and Aaa by Moody's Investors Service, Inc. A security rating is not a recommendation to buy, sell
or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning rating
agency.
Prospective n
i vestors should have regard to the factors described under the section headed "Risk Factors" in
this Prospectus.
The date of this Prospectus is May 28, 2008.

This Prospectus is to be read in conjunction with all documents which are deemed to be incorporated herein by
reference (see "Availability of Information and Incorporation by Reference" below).
NOTES ISSUED UNDER THE GLOBAL DEBT ISSUANCE FACILITY ARE NOT
REQUIRED TO BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED.
ACCORDINGLY, NO REGISTRATION STATEMENT HAS BEEN FILED WITH THE U.S.
SECURITIES AND EXCHANGE COMMISSION (THE "COMMISSION"). THE NOTES HAVE
NOT BEEN APPROVED OR DISAPPROVED BY THE COMMISSION OR ANY STATE
SECURITIES COMMISSION NOR HAS THE COMMISSION OR ANY STATE SECURITIES
COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS.
ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE IN THE UNITED
STATES.
IBRD, having made all reasonable inquiries, confirms that all information in this Prospectus (as defined
under "Availability of Information and Incorporation by Reference") is true and accurate in all material
respects and is not misleading, and that there are no other facts the omission of which, in the context of the
issue of Notes, makes this Prospectus or any information in it misleading in any material respect. In addition,
IBRD confirms that each Final Terms, when read together with this Prospectus, will at the date thereof be
true and accurate in all material respects and not misleading, and that there will be no other facts the
omission of which would, in the context of the issue and offering of the Notes referred to in such Final
Terms, make the Final Terms, when read together with this Prospectus, or any information therein
misleading in any material respect.
No person has been authorized to give any information or to make any representation other than those
contained in this Prospectus and the applicable Final Terms in connection with the offering or sale of the
Notes and, if given or made, such information or representation must not be relied upon as having been
authorized by IBRD or any Dealer (as defined in "Summary and Overview of the Facility"). Neither the
delivery of this Prospectus or any applicable Final Terms nor any offering or sale made in connection
herewith or therewith shall, under any circumstances, create any implication that there has been no change in
the financial condition or affairs of IBRD since the date hereof or the date upon which this Prospectus has
been most recently amended or supplemented or that there has been no adverse change in the financial
condition or affairs of IBRD since the date hereof or the date upon which this Prospectus has been most
recently amended or supplemented or that any other information supplied in connection with the Facility is
correct as of any time subsequent to the date on which it is supplied or, if different, the date indicated in the
document containing the same.
The distribution of this Prospectus or any Final Terms and the offering or sale of the Notes in certain
jurisdictions may be restricted by law. Persons into whose possession this Prospectus or any Final Terms
comes are required by IBRD and any Dealer to inform themselves about and to observe any such restriction.
For a description of certain restrictions on offers and sales of the Notes and on the distribution of this
Prospectus or any Final Terms, see "Plan of Distribution".
Neither this Prospectus nor any Final Terms constitutes an offer of, or an invitation by or on behalf of,
IBRD or any Dealer to subscribe for, or purchase, any Notes. Neither this Prospectus nor any other
information supplied in connection with the Facility should be considered as a recommendation by IBRD or
any of the Dealers that any potential investor should purchase any Notes. Each investor contemplating
purchasing any Notes should make its own independent investigation of the financial condition and affairs,
and its own appraisal of the creditworthiness of IBRD.
THE NOTES ARE NOT OBLIGATIONS OF ANY GOVERNMENT.
In connection with the issue of any Tranche (as defined herein) of Notes, the Dealer or Dealers (if any)
named as the stabilizing manager(s) (the "Stabilizing Manager(s)") (or persons acting on behalf of any
Stabilizing Manager(s)) in the applicable Final Terms may over-allot Notes or effect transactions with a
view to supporting the market price of the Notes at a level higher than that which might otherwise prevail.
However, there is no assurance that the Stabilizing Manager(s) (or persons acting on behalf of a Stabilizing
Manager) will undertake stabilization action. Any stabilization action may begin on or after the date on
2

which adequate public disclosure of the terms of the offer of the relevant Tranche is made and, if begun, may
be ended at any time, but it must end no later than the earlier of 30 days after the issue date of the relevant
Tranche and 60 days after the date of the allotment of the relevant Tranche. Any stabilization action or over-
allotment must be conducted by the relevant Stabilizing Manager(s) (or persons acting on behalf of any
Stabilizing Manager(s)) in accordance with all applicable laws and rules.
In this Prospectus, unless otherwise specified or the context otherwise requires, references to "",
"EUR" and "euro" are to the currency introduced on 1 January 1999 pursuant to the Treaty establishing the
European Community as amended by the Treaty on European Union, references to "pounds", "sterling", "£"
and "GBP" are to the lawful currency of the United Kingdom, references to "yen" are to the lawful currency
of Japan and references to "U.S. dollars", "$" and "U.S.$" are to United States dollars.

3

TABLE OF CONTENTS

Page
Availability of Information and Incorporation by Reference.................................................................
5
Final Terms ............................................................................................................................................
7
Use of Proceeds......................................................................................................................................
7
Summary and Overview of the Facility .................................................................................................
8
Risk Factors............................................................................................................................................
14
Terms and Conditions of the Notes........................................................................................................
19
Form of Notes and Summary of Provisions Relating to the Notes While in Global Form ....................
39
Clearance and Settlement .......................................................................................................................
44
Tax Matters ............................................................................................................................................
49
Currency Conversions............................................................................................................................
53
Plan of Distribution ................................................................................................................................
55
Validity of the Notes ..............................................................................................................................
58
General Information ...............................................................................................................................
59
Form of Final Terms...............................................................................................
60

4

AVAILABILITY OF INFORMATION AND INCORPORATION BY REFERENCE
Availability of Information
IBRD publishes:
(a) generally in September in each year, an information statement (the "Information Statement")
which describes IBRD, its capital, operations, administration, Articles of Agreement
("Articles") and legal status. The Information Statement includes IBRD's audited annual
financial statements;
(b) annual audited financial statements;
(c) an annual report; and
(d) unaudited quarterly financial statements.
IBRD is subject to certain information requirements of Regulation BW, promulgated by the
Commission under Section 15(a) of the Bretton Woods Agreements Act, and in accordance therewith files
its regular unaudited quarterly and audited annual financial statements, its annual report and other
information with the Commission.
IBRD's latest Information Statement, annual report and unaudited quarterly financial statements (the
"IBRD Information") will be filed with the Commission and the Luxembourg Stock Exchange, and will be
filed with any other stock exchange on which Notes are listed from time to time and which requires such a
filing. IBRD Information may be inspected and copies may be obtained (without charge other than for IBRD
Information obtainable from the Commission, which must be paid for at prescribed rates) at the following
addresses, and at any other address specified in the applicable Final Terms:
Securities and Exchange Commission

BNP Paribas Securities Services,
100 F Street, N.E.
Luxembourg Branch
Washington, DC 20549
33, rue de Gasperich, Howald-Hesperange
L-2085 Luxembourg
Citibank, N.A., London Branch
21st Floor, Citigroup Centre
Canada Square, Canary Wharf
London E14 5LB
Bank Information is filed with the Commission electronically through the EDGAR system and may be
obtained at the Internet address http://www.sec.gov/edgarhp.htm.
In addition, copies of the Articles and decisions made by the Executive Directors of IBRD on questions
of interpretation of the Articles and copies of the Fiscal Agency Agreement, the Global Agency Agreement
and the Deed of Covenant (each as defined under "Terms and Conditions of the Notes") may be inspected at
the above offices of Citibank, N.A., London Branch (the "Global Agent").
IBRD will provide without charge copies of IBRD Information upon written or telephone request to the
office of IBRD at the following address:
1818 H Street, NW
Washington, DC 20433
Tel: 1-202-458-0746
Incorporation by Reference
IBRD's latest Information Statement, any unaudited quarterly financial statements or audited annual
financial statements filed with the Commission or any stock exchange on which Notes are listed subsequent
to the date of such Information Statement and any supplements (other than Final Terms) or amendments to
5

this Prospectus circulated by IBRD from time to time shall be deemed to be incorporated in, and to form part
of, this Prospectus, and references to "this Prospectus" shall mean this document and any documents
incorporated by reference in, and forming part of, this document, except, and to the extent, any such
document is superseded or modified by any subsequent document incorporated by reference in, and forming
part of, this Prospectus. Documents incorporated by reference in, and forming part of, this document may
not have been submitted to the same review and clearance procedures to which this Prospectus has been
submitted as of the date hereof by any stock exchange or regulatory authority referred to herein.
IBRD will, in the event of any material change in the financial position of IBRD which is not reflected
in this Prospectus, prepare an amendment or supplement to this Prospectus or publish a new prospectus for
use in connection with any subsequent issue and listing of Notes by IBRD.
If the terms of the Facility are modified or amended in a manner which would make this Prospectus
inaccurate or misleading in any material respect, IBRD will prepare a new prospectus.
Any statement contained in a document which is incorporated by reference herein shall be deemed to
be modified or superseded for the purpose of this Prospectus to the extent that a statement contained herein
modifies or supersedes such earlier statement (whether expressly, by implication or otherwise). Any
statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute
a part of this Prospectus.
Copies of documents incorporated by reference in this Prospectus may be obtained (without charge)
from the registered office of IBRD, the website of the Luxembourg Stock Exchange at www.bourse.lu, and
the website of IBRD (www.worldbank.org).

6

FINAL TERMS
IBRD will prepare in respect of each particular issue of Notes a final terms document (each a "Final
Terms") which will contain the terms of, pricing details for, and settlement and clearance procedures relating
to, such issue of Notes and such other information or disclosure as IBRD considers appropriate. A Final
Terms may set out the full text of the terms and conditions of a particular issue of Notes if IBRD and the
relevant Dealer(s) consider it necessary or appropriate.
USE OF PROCEEDS
The net proceeds from the sale of Notes will be used by IBRD in its general operations.
7

SUMMARY AND OVERVIEW OF THE FACILITY
This summary must be read as an introduction to this Prospectus. Any decision to invest in any Notes
should be based on a consideration of this Prospectus as a whole, including the documents incorporated by
reference, by any investor. Words and expressions defined or used in "Terms and Conditions of the Notes"
shall have the same meaning in this Summary.
IBRD
The International Bank for Reconstruction and Development is an international organization
established in 1945 and owned by 185 member countries. As a global development cooperative, IBRD's
purpose is to help its members achieve equitable and sustainable growth in their economies and find
solutions to pressing regional and global problems in economic development and environmental
sustainability, all with a view to reducing poverty and improving standards of living. It pursues these goals
by providing financing, risk management products, and other financial services, specialized expertise and
strategic and convening services as requested by its member countries.
IBRD's principal office is located at The World Bank, 1818 H Street, NW, Washington, DC 20433
USA.
The financial strength of IBRD is reflected in the capital backing it has received from its members and
in the record of its member country borrowers in meeting their debt service obligations to IBRD. IBRD's
financial policies and practices have led it to build reserves, to diversify its funding sources, to hold a large
portfolio of liquid investments and to limit market and credit risk. IBRD has achieved consistent
profitability, earning profits every year since 1948.
Overview of the Facility
The following overview is qualified in its entirety by the remainder of this Prospectus.
Issuer ..............................................
International Bank for Reconstruction and Development
Dealers ...........................................
The Dealers will consist of any one or more dealers becoming a
party to the Standard Provisions (as defined in "Plan of
Distribution") from time to time for a specific issue of Notes.
Fiscal Agent ...................................
Federal Reserve Bank of New York
Global Agent ..................................
Citibank, N.A., London Branch
Paying Agents ................................
Citibank N.A., London Branch or such other paying agent
specified in the applicable Final Terms.
Specified Currencies ......................
Subject to compliance with all relevant laws, regulations and
directives, Notes may be issued in any currency, unit or
commodity agreed between IBRD and the relevant Dealers.
Maturities .......................................
Subject to compliance with all relevant laws, regulations and
directives, Notes may be issued with any maturity of one day or
longer.
Issue Price ......................................
Notes may be issued at their nominal amount or at a discount or
premium to their nominal amount. Partly-paid Notes may be
issued, the issue price of which will be payable in two or more
instalments.
8

Method of Issue..............................
Notes will be issued through dealers acting as principal on a
syndicated or non-syndicated basis, or on an agency basis.
Additional Notes may be issued as part of an existing issue of
Notes. IBRD may itself directly issue and sell Notes to the
extent permitted by applicable law.
The Notes will be issued in series (each a "Series" or "Series of
Notes"). Each Series comprises the original tranche (a
"Tranche") and any additional Tranches expressed to form a
single series with the original Tranche and that comply with the
provisions of Condition 11. The specific terms of each Tranche
will be set out in the applicable Final Terms.
Description of Notes ......................
Notes may be either interest bearing at fixed or floating rates or
non-interest bearing, with principal repayable at a fixed amount
or by reference to one or more indices or formulae or any
combination of the above, as specified in the applicable Final
Terms.

Fixed Rate Notes....................
Fixed Rate Notes will bear interest at the rate or rates specified
in the applicable Final Terms.

Floating Rate Notes............
Floating Rate Notes will bear interest determined separately for
each Series as follows:
(i)
on the same basis as the floating rate under a notional
interest rate swap transaction in the relevant Specified
Currency governed by an agreement incorporating the
2006 ISDA Definitions, as published by the
International Swaps and Derivatives Association,
Inc.; or

(ii)
by reference to a benchmark as specified in the
applicable Final Terms as adjusted for any applicable
margin,
or as otherwise specified in the applicable Final Terms. Interest
periods will be specified in the applicable Final Terms.
Zero
Coupon
Notes ................ Zero
Coupon
Notes
may be issued at their nominal amount or at
a discount to it and will not bear interest.

Index Linked Notes................
Payments of principal in respect of Notes where the final
redemption amount is described as being index-linked in the
applicable Final Terms and payments of interest in respect of
Notes which are described as Index Linked Interest Notes in the
applicable Final Terms will be calculated by reference to such
Index and/or Formula (each as defined herein) as may be
specified in the applicable Final Terms.
Fixed Redemption
Notes which have a fixed redemption amount will be
Amount Notes..................
redeemable at par or at a specified amount above or below par.
Redemption by

The applicable Final Terms in respect of each Series of Notes
Instalments.....................
that are redeemable in two or more instalments will set out the
dates on which, and the amounts in which, such Notes may be
9

redeemed.
Optional Redemption..........
The applicable Final Terms will state whether Notes may be
redeemed prior to their stated maturity in whole or in part at
the option of IBRD and/or the holders, and, if so, the terms
applicable to such redemption. Any limitations imposed by
applicable law relating to the redemption of Notes
denominated in any Specified Currency will be specified in the
applicable Final Terms.
Other
Notes ............................
Terms applicable to variable redemption amount Notes, high
interest Notes, low interest Notes, step-up Notes, step-down
Notes, dual currency Notes, reverse dual currency Notes,
optional dual currency Notes, Partly-paid Notes and any other
type of Notes that IBRD and any Dealer or Dealers may agree to
issue under the Facility will be set out in the applicable Final
Terms.
Status of Notes ...............................
Notes will constitute direct, unsecured obligations of IBRD
ranking pari passu with all its other unsecured and
unsubordinated obligations. Notes will not be obligations of any
government.
Negative Pledge .............................
Notes will contain a negative pledge clause pursuant to which
IBRD will not cause or permit to be created on any of its
property or assets any security for any evidences of indebtedness
issued, assumed or guaranteed by IBRD for money borrowed
(other than any purchase money mortgage, pledge or lien, on
property purchased by IBRD as security for all or any part of the
purchase price thereof, any lien arising in the ordinary course of
business, or any extension or renewal of any of the foregoing),
unless the Notes shall be secured by such security equally and
ratably with such other evidences of indebtedness.
Default

Notes will contain a cross default in respect of bonds, notes or
(including Cross Default)...........
similar obligations issued, assumed or guaranteed by IBRD. If
IBRD defaults on payments under the Notes or under its cross
default, and such default continues for 90 days, a Noteholder
may accelerate its Notes for payment 30 days after notice of
acceleration is delivered to IBRD, unless prior to that time all
such defaults have been cured.
Tax Status.......................................
Notes and payments thereon will not be exempt from taxation
generally. Under IBRD's Articles, the Notes and payments
thereon are not subject to any tax by a member (a) which tax
discriminates against the Notes solely because they were issued
by IBRD or (b) if the sole jurisdictional basis for the tax is the
place or currency in which the Notes are issued, made payable or
paid, or the location of any office or place of business
maintained by IBRD. Also, under the Articles, IBRD is not
under any obligation to withhold or pay any tax imposed by any
member country on payments on the Notes. Accordingly,
payments on the Notes will be made to the Federal Reserve
Bank of New York (the "Fiscal Agent") and the Global Agent
10