Obligation IBRD-Global 0% ( US45905UDF84 ) en USD

IBRD-Global

100 % ⇌

Etats-unis

US45905UDF84 ( en USD )

10/09/2015 - Obligation échue

Prospectus brochure de l'obligation IBRD US45905UDF84 en USD 0%, échue

39 330 000 USD

La Banque internationale pour la reconstruction et le développement (IBRD), membre du Groupe de la Banque mondiale, fournit des prêts et des services consultatifs aux pays à revenu intermédiaire et à revenu faible pour soutenir leur développement économique.

L'Obligation émise par IBRD-Global ( Etats-unis ) , en USD, avec le code ISIN US45905UDF84, paye un coupon de 0% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 10/09/2015

PRICING SUPPLEMENT

INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT

Global Debt Issuance Facility
No. 2653
US$39,331,000
Redeemable Fixed Rate/Reverse Floating Rate Notes
due September 10, 2015

Morgan Stanley

The date of this Pricing Supplement is September 8, 2003

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.:
2653
2
Aggregate Principal Amount:
US$39,331,000
3
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount
4
Issue Date:
September 10, 2003
5
Form of Notes (Condition 1(a)):
Registered Notes only
6
Authorized Denominations
US$1,000
(Condition 1(b)):
7
Specified Currency (Condition 1(d)):
United States dollars ("US$")
8
Maturity Date (Conditions 1(a) and 6(a)):
September 10, 2015
9
Interest Basis (Condition 5):
(i)
Fixed Interest Rate (Condition 5(I)) in
respect of the period beginning on
and including the Issue Date and
ending on but excluding September
10, 2004; and
(ii)
Variable Interest Rate (Condition 5(II))
in respect of the period beginning on
and including September 10, 2004 to
but excluding the Maturity Date
10
Fixed Interest Rate (Condition 5(I)):

(a) Interest
Rate:
10.00 per cent. per annum
(b)
Fixed Rate Interest Payment
March 10, 2004 and September 10, 2004
Dates:
11
Variable Interest Rate (Condition 5(II)):

(a)
Business Day Convention:
Following Business Day Convention
(b)
Rate of Interest:
Subject to the provisions of Section 12(a) and
(b) below, the Rate of Interest per Authorised
Denomination for the relevant Interest Period
will be a percentage rate, as calculated by the
Calculation Agent in accordance with the
A03370024/1.0/05 Sep 2003
1

following formula:
10.00 per cent. (2 x Benchmark Rate)
where:
"Benchmark Rate" means the London
Interbank Offered Rate for deposits in United
States dollar for a period of six months which
appears on Moneyline Telerate Page 3750 (or
such other page that may replace that page
on that service or a successor service) at
11.00 a.m. London time on the relevant
Interest Determination Date.
If such rate does not appear on Moneyline
Telerate Page 3750 (or such other page that
may replace that page on that service or a
successor service) at the time and day
designated above in respect of the relevant
Interest Period, the Calculation Agent shall
determine the rate by requesting the principal
London office of each of four major banks in
the London Interbank market to provide a
quotation for the rate at which deposits in
US$ were offered to prime banks in the
London Interbank market for a period of six
months at approximately 11:00 a.m. London
time on the relevant Interest Determination
Date in an amount that is representative for a
single transaction in the London Interbank
market at such time.
If at least two such quotations are provided,
the rate shall be the arithmetic mean of such
quotations. If fewer than two quotations are
provided as requested, the rate shall be the
arithmetic mean of the rates quoted by major
banks in New York City, selected by the
Calculation Agent, at approximately 11:00
a.m., New York time, on such day for loans in
US$ to leading European banks for a period
of six months in an amount that is
representative for a single transaction in the
New York market at such time.
Provided that in the event of Mandatory
Redemption (as defined in Section 17 below),
the Interest Amount in respect of the relevant
Interest Period shall be limited to the
difference between the Maximum Interest
Rate (specified in Section 12(b) below) and
the aggregate sum of the Interest Amounts
A03370024/1.00.7a/05 Sep 2003
2

with respect to all preceding Interest Periods
(including the Fixed Rate Interest Amount).

(c)
Interest Payment Dates:
March 10 and September 10 of each year
commencing on March 10, 2005 and ending
on the Maturity Date
(d) Calculation
Agent:
Citibank, N.A.
(e) Interest
Determination
Date:
The twenty-fifth Relevant Business Day
preceding the last day of the relevant Interest
Period
12
Other Variable Interest Rate Terms

(Condition 5(II) and (III)):
(a) Minimum
Interest
Rate:
Zero per cent.
(b)
Maximum Interest Rate:
For the avoidance of doubt, a maximum of
12.50 per cent. of the Aggregate Principal
Amount will be paid on the Notes, meaning
that the Maximum Interest Rate will be
calculated as the aggregate sum of all
relevant Interest Amounts, including the
Interest Amount for the Fixed Interest Rate
(c)
Variable Rate Day Count
30/360
Fraction(s) if not actual/360:
13
Relevant Financial Centre:
New York

14
Relevant Business Day:
New York and London
15
Issuer's Optional Redemption
No
(Condition 6(e)):
16
Redemption at the option of the
No
Noteholders (Condition 6(f)):
17
Mandatory Redemption:
All Notes will be redeemed without notice at
100.00 per cent. of the Aggregate Principal
Amount plus accrued interest thereon as
provided for under Section 11(b) on any
Interest Payment Date in the event that the
Interest Amount payable on such Interest
Payment Date, when aggregated together
with the sum of all Interest Amounts (including
the Interest Amount for the Fixed Interest
Rate) for the preceding Interest Periods, is
calculated to be equal to or greater than
12.50 per cent. of the Aggregate Principal
A03370024/1.00.7a/05 Sep 2003
3

Amount of the Notes
18
Early Redemption Amount (including Principal amount of the Notes to be
accrued interest, if applicable) (Condition redeemed plus accrued interest thereon
9):
19
Governing Law of the Notes:
English
Other Relevant Terms

1
Listing (if yes, specify Stock Exchange):
Luxembourg Stock Exchange
2
Details of Clearance System approved by DTC, Clearstream Banking, société anonyme
the Bank and the Global Agent and and Euroclear Bank S.A./N.V., as operator of
Clearance and Settlement Procedures:
the Euroclear System. Payment for the Notes
will be on a delivery versus payment basis
3
Syndicated:
No
4
Commissions and Concessions:
None
5
Codes:

(a) CUSIP
45905UDF8
(b) ISIN
US45905UDF84
(c) Common
Code
017506951
6
Identity of Dealer(s)/Manager(s):
Morgan Stanley & Co. International Limited
7
Provisions for Registered Notes:

(a)
Individual Definitive Registered No. Interests in the DTC Global Note will be
Notes Available on Issue Date:
exchangeable for Definitive Registered Notes
only in the limited circumstances described in
the Prospectus
(b)
DTC Global Note(s):
Yes; one
(c)
Other Registered Global Notes:
No
General Information
The Bank's latest Information Statement was issued on September 17, 2002
The following additional selling restrictions shall apply to the issue:
United Kingdom:
Each Dealer is required to 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
A03370024/1.00.7a/05 Sep 2003
4

INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPMENT
By:
Authorized Officer

A03370024/1.00.7a/05 Sep 2003
5

INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
1818 H Street, NW
Washington, D.C. 20433

GLOBAL AGENT
Citibank, N.A.
P.O. Box 18055
5 Carmelite Street
London EC4Y 0PA

CALCULATION AGENT
Citibank, N.A.
P.O. Box 18055
5 Carmelite Street
London EC4Y 0PA

LISTING AND SPECIAL AGENT
AND PAYING AGENT
BNP Paribas Securities Services
23, Avenue de la Porte-Neuve
L-2085 Luxembourg

LEGAL ADVISERS TO THE MANAGER
Linklaters
One Silk Street
London EC2Y 8HQ

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