Obligation IBRD 4.8% ( XS1754992706 ) en INR

IBRD

100 % ▲

Etas-Unis

XS1754992706 ( en INR )

4.8% par an ( paiement annuel )

23/01/2025

Prospectus brochure de l'obligation IBRD XS1754992706 en INR 4.8%, échéance 23/01/2025

100 000 INR

1 600 000 000 INR

23/01/2025 ( Dans 250 jours )

L'Obligation émise par IBRD ( Etas-Unis ) , en INR, avec le code ISIN XS1754992706, paye un coupon de 4.8% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 23/01/2025

Final Terms dated 1 March 2018

International Bank for Reconstruction and Development

Issue of INR 300,000,000 4.80 per cent. Notes due 23 January 2025
payable in United States Dollars

(to be consolidated and form a single series with the existing
INR 500,000,000 4.80 per cent. Notes due 23 January 2025 issued 23 January 2018, INR
500,000,000 4.80 per cent. Notes due 23 January 2025 issued 7 February 2018 and INR
300,000,000 4.80 per cent. Notes due 23 January 2025 issued 23 February 2018)

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 28 May 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:
100269

(ii)
Tranche Number:
4
3.
Specified Currency or Currencies
Indian Rupee ("INR"), 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:
INR 1,600,000,000

(ii)
Tranche:
INR 300,000,000
5.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount of this
Tranche plus 13 days' accrued interest
(ii)
Net proceeds:
INR 300,520,000 (equivalent to USD 4,628,597.13 at the
exchange rate of INR 64.9268 per USD 1.00)
6.
Specified Denomination
INR 100,000

(Condition 1(b)):

7.
(i)
Issue Date:
6 March 2018

Restricted - External
1

(ii)
Interest Commencement Date
23 February 2018

(Condition 5(l)):
8.
Maturity Date (Condition 6(a)):
23 January 2025
9.
Interest Basis (Condition 5):
4.80 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
Redemption at par payable in USD
(Condition 6):
(further particulars specified below)
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:
4.80 per cent. per annum payable monthly in arrear
(ii)
Interest Payment Date(s):
23rd day of each month, from and including 23 March
2018 to and including the Maturity Date, not subject to
adjustment in accordance with a Business Day
Convention
(iii) Interest Period Date(s):
Each Interest Payment Date
(iv) Business Day Convention:
Not Applicable
(v) Fixed Coupon Amount(s):
The Fixed Coupon Amount shall be INR 400.00 per
Specified Denomination payable in USD and determined
by the Calculation Agent as follows on the applicable
Rate Fixing Date:
INR 400.00 divided by the Reference Rate on
the Rate Fixing Date (as defined below)
(rounded to the nearest two decimal places,
0.005 being rounded upwards).
(vi) Day Count Fraction (Condition
30/360
5(l)):
(vii) Other terms relating to the
See Term 17 below
method of calculating interest

Restricted - External
2

for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
The Final Redemption Amount shall be INR 100,000 per
Note (Condition 6):
Specified Denomination payable in USD and determined

by the Calculation Agent as follows on the Rate Fixing
Date immediately prior to the Maturity Date:
INR 100,000 divided by the Reference Rate on
such Rate Fixing Date (as defined below)
(rounded to the nearest two decimal places,
0.005 being rounded upwards).
Where:
"Business Day" means a day (other than a Saturday or a
Sunday) on which commercial banks and foreign
exchange markets settle payments and are open for
general business (including dealings in foreign exchange
and foreign currency deposits) in London, Mumbai, New
York and Tokyo.
"Calculation Agent" means Citibank, N.A., London
Branch, or its duly appointed successor.
"Mumbai Business Day" means a day (other than a
Saturday or a Sunday) on which commercial banks and
foreign exchange markets settle payments and are open
for general business (including dealings in foreign
exchange and foreign currency deposits) in Mumbai.
"Rate Fixing Date" means the day that is five (5)
Business Days prior to the relevant Interest Payment Date
or the Maturity Date, as applicable (the "Scheduled Rate
Fixing Date"). If such Scheduled Rate Fixing Date is an
Unscheduled Holiday, the Rate Fixing Date shall be the
next following Business Day, provided that, if such next
following Business Day is also an Unscheduled Holiday,
then the Rate Fixing Date shall be such second
Unscheduled Holiday. If an Unscheduled Holiday occurs
between such Rate Fixing Date and the relevant Interest
Payment Date, the Maturity Date or the date upon which
the Notes become due and payable as provided in
Condition 9, as applicable, such Rate Fixing Date shall
not be subject to any postponement or adjustment.
"Reference Banks" means major banks active in the

Restricted - External
3

USD/INR currency or foreign exchange markets, selected
by the Calculation Agent in its sole discretion.
"Reference Rate" means in respect of a Rate Fixing Date,
the USD/INR spot exchange rate for such date expressed
as the amount of INR per one USD:
(a)
equal to the USD/INR official reference rate
for settlement in two Mumbai Business Days,
reported by the Reserve Bank of India, which is
displayed on the Reuters Page "RBIB" (or such other
page or service as may replace any such page for the
purposes of displaying the USD/INR official
reference rate or, if the Reuters Page "RBIB" no
longer reports such rate or is no longer available and
has not been replaced by any other page or service,
which has been obtained by the Calculation Agent
from any other screen or information source that it
deems appropriate in good faith and in a
commercially reasonable manner), at approximately
1:30 p.m. Mumbai time on that Rate Fixing Date; or
(b)
if the USD/INR official reference rate is not
available for any reason on any Rate Fixing Date, as
determined by the Calculation Agent by requesting
quotations for the mid USD/INR spot foreign
exchange rate at or about 2:00 p.m. Mumbai time on
such Rate Fixing Date from five Reference Banks as
selected by the Calculation Agent.
If five or four quotations are provided as requested,
the Reference Rate will be the arithmetic mean
(rounded to the nearest five decimal places,
0.000005 being rounded upwards) of the remaining
three or two such quotations, as the case may be, for
such rate provided by the Reference Banks, after
disregarding the highest such quotation and the
lowest such quotation (provided that, if two or more
such quotations are the highest quotations, then only
one of such quotations shall be disregarded, and if
two or more such quotations are the lowest
quotations, then only one of such lowest quotations
will be disregarded).
If only three or two such quotations are provided as
requested, the Reference Rate shall be determined as

Restricted - External
4

described above except that the highest and lowest
quotations will not be disregarded.
If only one or no such quotations are provided as
requested, or if the Calculation Agent determines in
its sole discretion that no suitable Reference Banks
active in the USD/INR currency or foreign exchange
markets will provide quotes, the Calculation Agent
shall be entitled to calculate the Reference Rate
acting in good faith and in a commercially
reasonable manner, having taken into account
relevant market practice by reference to such
additional sources as it deems appropriate; and in
such case the Calculation Agent shall notify the
Issuer and the Global Agent as soon as reasonably
practicable that the Reference Rate is to be so
determined.
"Unscheduled Holiday" means a day that is not a
Mumbai 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 Mumbai, two
Mumbai Business Days prior to the relevant Rate Fixing
Date.
18. Early Redemption Amount
The Final Redemption Amount per Specified
(Condition 6(c)):
Denomination as determined in accordance with Term 17

above plus accrued and unpaid interest, if any, as
determined in accordance with Term 16, except that the
Reference Rate shall be determined by the Calculation
Agent on the day that is five (5) Business Days prior to
the day on which the Early Redemption Amount shall be
due and payable (an "Early Redemption Rate Fixing
Date") and all the references to "Rate Fixing Date" shall
be deemed to be replaced by "Early Redemption Rate
Fixing Date".
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
London, Mumbai, New York and Tokyo
provisions relating to payment dates

Restricted - External
5

(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")".
24.
Additional risk factors:
An investment in the Notes is subject to the risks
described below, as well as the risks described under
"Risk Factors" in the accompanying Prospectus.
Because the Notes are denominated in INR and payable in
USD, the Noteholders will be exposed to currency
exchange rate risks with respect to such currencies.
Changes in exchange rates relating to any of the
currencies involved may result in a decrease in the
effective yield of the Notes and, in certain circumstances,
could result in a loss of all or a substantial portion of the
principal of the Notes (including the Final Redemption
Amount). For example, if, on any Rate Fixing Date, INR
has appreciated in value against USD, the payment in
USD will be higher. Conversely, a depreciation in value
of INR against USD will have the opposite impact.
Furthermore, since the Noteholders will receive payments
on the Notes only on the Interest Payment Dates
(including the Maturity Date), the Noteholders will not
benefit from favorable changes in exchange rates at any
other time during the term of the Notes.
Exchange rate movements for a particular currency are
volatile and are the result of numerous factors. A
Noteholder's net exposure will depend on the extent to
which the payment currency (USD) strengthens or
weakens against the denominated currency (INR).
In addition, the Noteholders whose financial activities are
denominated principally in a currency (the "Investor's
Currency") other than any of the Specified Currencies,
will also be exposed to currency exchange rate risk that
are not associated with a similar investment in a security
denominated or paid in that Investor's Currency. For

Restricted - External
6

more information, please see "Risk FactorsNotes are
subject to exchange rate and exchange control risks if the
investor's currency is different from the Specified
Currency" in the accompanying Prospectus.
DISTRIBUTION
25. (i)
If syndicated, names of
Not Applicable
Managers and underwriting

commitments:
(ii)
Stabilizing Manager(s) (if any): Not Applicable
26.
If non-syndicated, name of Dealer:
Barclays Bank PLC
27.
Total commission and concession:
Not Applicable
28.
Additional selling restrictions:
The Republic of India
The Notes may not be offered or sold to the public in
India and the Notes have not been and will not be
registered with the Securities and Exchange Board of
India, the Reserve Bank of India or any other regulatory
authorities in India. None of the Prospectus, these Final
Terms or any other offering material related to the sale
and distribution of the Notes has been or will be used on
Indian territory and/or distributed to residents of India.
OPERATIONAL INFORMATION
29.
ISIN Code:
XS1754992706
30. Common Code:
175499270
31. Delivery:
Delivery against payment
32. Registrar and Transfer Agent
Citibank, N.A., London Branch
(if any):
33. Intended to be held in a manner
No

which would allow Eurosystem

eligibility:

GENERAL INFORMATION

IBRD's most recent Information Statement was issued on 19 September 2017.

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

Restricted - External
7

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

Restricted - External
8