Obligation IBRD-Global 11.8% ( XS1315186921 ) en BRL

IBRD-Global

100 % ⇌

Etats-unis

XS1315186921 ( en BRL )

11.8% par an ( paiement annuel )

04/11/2020 - Obligation échue

Prospectus brochure de l'obligation IBRD XS1315186921 en BRL 11.8%, échue

100 000 000 BRL

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 BRL, avec le code ISIN XS1315186921, paye un coupon de 11.8% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 04/11/2020

Final Terms dated 30 October 2015
International Bank for Reconstruction and Development
Issue of BRL 100,000,000 11. 75 per cent. BRL/USD FX Linked Notes due 4 November 2020
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:
11312
(ii) Tranche Number:
1
3. Specified Currency or Currencies Brazilian Real ("BRL") provided that all payments in
(Condition 1(d)):
respect of the Notes will be made in United States Dollars
("USD")
4. Aggregate Nominal Amount:
(i) Series:
BRL 100,000,000
(ii) Tranche:
BRL 100,000,000
5. (i) Issue Price:
99.10 per cent. of the Aggregate Nominal Amount
(ii) Net proceeds:
BRL 98,850,000 ( equivalent to USO 25,346,153.85 at the
BRL/USD exchange rate of 3.90)
6. Specified Denomination
BRL 5,000
(Condition 1(b)):
7. Issue Date:
4 November 2015
8.
Maturity Date (Condition 6(a)):
4 November 2020
9. Interest Basis (Condition 5):
11. 75 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
FX Linked Redemption as set out in Term 17
(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:
11.75 per cent. per annum payable annually in arrear
(ii) Interest Payment Dates:
4 November in each year, from and including 4 November
2016 to and including the Maturity Date, not subject to
adjustment in accordance with a Business Day
Convention
(iii) Fixed Coupon Amount:
The Fixed Coupon Amount for the relevant Interest Period
shall be BRL 587.50 per Specified Denomination, payable
in USD by applying the following formula:
587.50 divided by BRL Rate (as defined in Term 17
below)
(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction
Actual/Actual (ICMA)
(Condition 5(1)):
(vi) Other terms relating to the
Not Applicable
method of calculating
interest for Fixed Rate
Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of
The
Final Redemption Amount per Specified
each Note (Condition 6):
Denomination will be payable in USD and determined by
the Calculation Agent as follows, on the BRL Valuation
Date prior to the Maturity Date:
Specified Denomination divided by BRL Rate
Where:
"Calculation Agent" means Citibank, N.A., London
Branch
"BRL Rate" means, in respect of a BRL Valuation Date,
the BRL/USD exchange rate, expressed as the amount of
BRL per one USD:
(a) determine.d by the Calculation Agent on the relevant
BRL Valuation Date by reference to the applicable BRL
PTAX Rate; or
(b) in the event that the BRL-PTAX Rate is not available
on the applicable BRL Valuation Date, determined by the
Calculation Agent on the relevant BRL Valuation Date by
reference to the applicable EMTA BRL Industry Survey
Rate (if such rate is available); or
(c) in the event that both the BRL-PTAX Rate and the
EMTA BRL Industry Survey Rate are not available on the
applicable BRL Valuation Date, determined by the
Calculation Agent on the relevant BRL Valuation Date in
good faith and in a commercially reasonable manner,
having taken into account relevant market practice,
provided that:
(i) if, on the applicable BRL Valuation Date, the
Calculation Agent determines that a Price
Materiality has occurred on such BRL Valuation
Date, the BRL Rate will be the EMTA BRL Industry
Survey ·Rate applicable in respect of such BRL
Valuation Date; and
2

(ii) if, on the applicable BRL Valuation Date, the
Calculation Agent determines that an EMTA Failure
has occurred on such BRL Valuation Date, the BRL
Rate will be determined by the Calculation Agent in
good faith and in a commercially reasonable
manner, having taken into account relevant market
practice
"BRL-PTAX Rate" means, in respect of a BRL Valuation
Date, the BRL/USD offered rate for USD, expressed as
the amount of BRL per one USD, for settlement in two
New York and Sao Paulo Business Days reported by the
Banco Central do Brasil by approximately 1 :15 p.m. Sao
Paulo time on such BRL Valuation Date and published on
Reuters Screen "BRLPTAX=CBBR" page (or its
successor page for the purpose of displaying such rate)
or on the web site of the Central Bank of Brazil
(www.bcb.gov.br; see "Cotac;:oes e boletins"), provided
that the BRL-PTAX Rate found on the Central Bank ·
website shall prevail in case of conflict with the BRL
PT AX
Rate
appearing
on
Reuters
Screen
"BRLPTAX=CBBR" page
"BRL Valuation Date" for any Interest Payment Date or
the Maturity Date or date on which an amount is payable
means the fifth Valuation Business Day prior to such date,
provided however that if such date is an Unscheduled
Holiday, the BRL Valuation Date shall be the next
following Valuation Business Day, provided, however, that
if the next day is also an Unscheduled Holiday, the BRL
Rate will be determined by the Calculation Agent on such
day in its sole discretion acting in good faith in a
commercially reasonable manner having taken into
account relevant market practice and by reference to
such additional sources as it deems appropriate
"EMTA BRL Industry Survey Methodology" means a
methodology, dated as of March 1, 2004, as amended
from time to time, for a centralised industry-wide survey of
financial institutions in Brazil that are active participants in
the BRL/USD spot markets for the purposes of
determining the EMTA BRL Industry Survey Rate
"EMTA BRL Industry Survey Rate" means the foreign
exchange rate as specified in the ISDA 1998 FX and
Currency Option Definitions (as updated from time to
time) - Settlement Rate Options: "EMTA BRL Industry
Survey Rate (BRL 12)", meaning that the spot rate for a
BRL Valuation Date will be the BRL/USD offered rate for
USD, expressed as the amount of BRL per one USD, for
settlement in two New York and Sao Paulo Business
Days, calculated by EMTA (or a service provider EMTA
may in its sole discretion select) pursuant to the EMTA
BRL Industry Survey Methodology and published on
EMTA's website (www.emta.org) at approximately 3:45
p.m. Sao Paulo time or as soon thereafter as practicable
on such BRL Valuation Date
"EMTA Failure" means, in respect of a BRL Valuation
Date, that the EMTA BRL Industry Survey Rate, having
been requested as prescribed by EMTA, is not available
for any reason. For the avoidance of doubt, an EMTA
3

Failure may still occur notwithstanding that the BRL-PTAX
Rate is available on the applicable BRL Valuation Date
"Price Materiality" means, in respect of a BRL Valuation
Date, that the EMTA BRL Industry Survey Rate is
available on such date and that the BRL-PTAX Rate
differs from the EMTA BRL Industry Survey Rate by more
than 3 per cent.
"New York and Sao Paulo Business Day" means a day
(other than a Saturday or Sunday) on which commercial
banks and foreign exchange markets are open for
general business (including dealings in foreign exchange
and foreign currency deposits) and settle payments in
New York City and Sao Paulo
"Sao Paulo Business Day" means a day (other than a
Saturday or Sunday) on which commercial banks and
foreign exchange markets are open for business in Sao
Paulo
"Unscheduled Holiday" means a day that is not a
Valuation 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 Sao Paulo two Sao
Paulo Business Days prior to the relevant BRL Valuation
Date
"Valuation Business Day" means a day (other than a
Saturday or a Sunday) on which banks and foreign
exchange markets are open for business in London, New
York and Sao Paulo
· 1 s. Early Redemption Amount
The Final Redemption Amount as determined in
(Condition 6(c)):
accordance with Term 17 above plus accrued interest,
payable in United States dollars
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
London, New York and Sao Paulo
special provisions relating to
payment dates (Condition 7(h)):
22. Governing law (Condition 14):
English
23. Other final terms:
The first sentence of Condition 7(a)(ii) is hereby replaced
by the following: "Interest (which for the purpose of this
Condition 7(a) shall include all Instalment Amounts other
than final Instalment Amounts) on Registered Notes shall
be paid to the person shown on the Register at the close
of business on the calendar day before the due date for
payment thereof (the "Record Date").
DISTRIBUTION
24. (i) If syndicated, names of
Not Applicable
Managers and underwriting
commitments:
4

(ii) Stabilizing Manager(s) (if
Not Applicable
any):
25. If non-syndicated, name of
J.P. Morgan Securities pie
Dealer:
26. Total commission and
0.25 per cent. of the Aggregate Nominal Amount
concession:
27. Additional selling restrictions:
Brazil
The Dealer 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
(Commisao de Valores Mobilarios, the CVM) for approval.
The Dealer has 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
28. ISIN:
XS1315186921
29. Common Code:
131518692
30. Delivery:
Delivery against payment
31. Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
32. Intended to be held in a manner
No
which would allow Eurosystem
eligibility:
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 17 September 2015.
SPECIAL ACCOUNT
An amount equal to the net proceeds of the issue of the Notes will be credited to a special account
that will support IBRD's lending for Eligible Projects. So long as the Notes are outstanding and the
special account has a positive balance, periodically and at least at the end of every fiscal quarter,
funds will be deducted from the special account and added to IBRD's lending pool in an amount
equal to all disbursements from that pool made during such quarter in respect of Eligible Projects.
ELIGIBLE PROJECTS
"Eligible Projects" means all projects funded, in whole or in part, by IBRD that promote the
transition to low-carbon and climate resilient growth in the recipient country, as determined by
IBRD. Eligible Projects may include projects that target (a) mitigation of climate change including
investments in low-carbon and clean technology programs, such as energy efficiency and
renewable energy programs and projects ("Mitigation Projects"), or (b) adaptation to climate
change, including investments in climate-resilient growth ("Adaptation Projects").
5

Examples of Mitigation Projects include, without limitation:
· Rehabilitation of power plants and transmission facilities to reduce greenhouse gas
emissions
· Solar and wind installations
· Funding for new technologies that result in significant reductions in GHG emissions
· Greater efficiency in transportation, including fuel switching and mass transport
· Waste management (methane emission) and construction of energy-efficient buildings
· Carbon reduction through reforestation and avoided deforestation
Examples of Adaptation Projects include, without limitation:
· Protection against flooding (including reforestation and watershed management)
· Food security improvement and stress-resilient agricultural systems which slow down
deforestation
· Sustainable forest management and avoided deforestation
The above examples of Mitigation Projects and Adaptation Projects are for illustrative purposes
only and no assurance can be provided that disbursements for projects with these specific
characteristics will be made by I BRO during the term of the Notes.
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.
RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:
By:
Name:
Title:
Duly authorized
6