Obligation IBRD 0% ( XS2152278714 ) en IDR

IBRD

87.5 % ▲

Etas-Unis

XS2152278714 ( en IDR )

19/05/2023 - Obligation échue

Prospectus brochure de l'obligation IBRD XS2152278714 en IDR 0%, échue

10 000 000 IDR

22 000 000 000 IDR

L'Obligation émise par IBRD ( Etas-Unis ) , en IDR, avec le code ISIN XS2152278714, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 19/05/2023

Final Terms dated 13 May 2020

International Bank for Reconstruction and Development

Issue of IDR 22,000,000,000 Zero Coupon Notes due 19 May 2023
payable in Japanese Yen

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:
101130

(ii)
Tranche Number:
1

3.
Specified Currency or Currencies
Indonesian Rupiah ("IDR"), provided that all payments in
(Condition 1(d)):
respect of the Notes will be made in Japanese Yen

("JPY")
4.
Aggregate Nominal Amount:

(i)
Series:
IDR 22,000,000,000

(ii)
Tranche:
IDR 22,000,000,000

5.
(i)
Issue Price:
87.50 per cent. of the Aggregate Nominal Amount

(ii) Net Proceeds:
JPY127,319,500 (equivalent to IDR 19,250,000,000 at
the agreed exchange rate of JPY 0.006614 per IDR 1.00)

6.
Specified Denominations
IDR 10,000,000

(Condition 1(b)):

7.
Issue Date:
18 May 2020
8.
Maturity Date (Condition 6(a)):
19 May 2023

9.
Interest Basis (Condition 5):
Zero Coupon
(further particulars specified below)

10. Redemption/Payment Basis
Redemption at par payable in JPY
(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

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14. Listing:
Luxembourg Stock Exchange

15. Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

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

(i)
Amortization Yield
4.54729 per cent. per annum
(Condition 6(c)(ii)):

(ii)
Day Count Fraction
30/360
(Condition 5(l)):

(iii) Any other formula/basis of
Not Applicable
determining amount payable:

PROVISIONS RELATING TO REDEMPTION

17.
Final Redemption Amount of each
The Final Redemption Amount shall be IDR 10,000,000
Note (Condition 6):
per Specified Denomination payable in JPY and

determined by the Calculation Agent by applying the
following formula on the Rate Fixing Date immediately
prior to the Maturity Date:
IDR 10,000,000 multiplied by the Reference
Rate on such Rate Fixing Date (as defined
below),
provided that, the resultant amount shall be rounded to the
nearest whole JPY (with JPY 0.5 being rounded up).
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 Jakarta, London, New
York City, Singapore and Tokyo.
"Calculation Agent" means Citibank, N.A., London
Branch or its duly authorized successor.
"Jakarta 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 Jakarta.
"Rate Fixing Date" means the day that is five (5)
Business Days prior to the Maturity Date or the date upon
which the Notes become due and payable as provided in
Condition 9, 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 the next
following day scheduled to be a Business Day is also an

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Unscheduled Holiday, then the Rate Fixing Date shall be
such second Unscheduled Holiday. If an Unscheduled
Holiday occurs between the Rate Fixing Date and 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
USD/IDR or USD/JPY currency and foreign exchange
markets, as applicable.
"Reference Rate" means, in respect of the Rate Fixing
Date, the IDR/JPY exchange rate, expressed as the
amount of JPY per one IDR and being rounded to the
nearest five decimal places (with 0.000005 being rounded
up), which is determined by the Calculation Agent in
accordance with the following formula:
USD/JPY Reference Rate divided by USD/IDR
Reference Rate
"Refinitiv Screen" means, when used in connection with
any designated page, the display page so designated on the
Refinitiv service.
"Unscheduled Holiday" means a day that is not a Jakarta
Business Day and this fact was not publicly known to
market participants (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 Jakarta, two
Jakarta Business Days prior to the Rate Fixing Date.
"USD" means United States dollars.
"USD/IDR Reference Rate" means, in respect of the
Rate Fixing Date, the IDR/USD weighted average spot
rate in the interbank market based on traded IDR/USD
spot foreign exchange transactions during a specified time
period, which are captured on a real time basis, expressed
as the amount of IDR per one USD, published by the Bank
Sentral Republik Indonesia ("Bank Indonesia") at
approximately 10:00 a.m., Jakarta time on such Rate
Fixing Date as the Jakarta Interbank Spot Dollar Rate
USD IDR on Bank Indonesia's website (www.bi.go.id)
or otherwise made available by Bank Indonesia (or its
successor as administrator) ("IDR04"). IDR04 is
currently published on the Refinitiv Screen "JISDOR"
page on the Rate Fixing Date.
If the USD/IDR Reference Rate cannot be determined in
accordance with the preceding paragraph on such Rate
Fixing Date, the USD/IDR Reference Rate shall be the
USD/IDR spot exchange rate for such date expressed as
the amount of IDR per one USD, as published on the
website of Singapore Foreign Exchange Market
Committee ("SFEMC") (www.sfemc.org) at
approximately 3:30 p.m., Singapore time, or as soon
thereafter as practicable, on such Rate Fixing Date (the
"SFEMC IDR Indicative Survey Rate" or "IDR02").

3

The USD/IDR Reference Rate will be calculated by
SFEMC (or a service provider SFEMC may select in its
sole discretion) pursuant to the SFEMC IDR Indicative
Survey Rate Methodology (which means a methodology,
dated as of December 1, 2004, as amended from time to
time, for a centralized industry-wide survey of financial
institutions that are active participants in the USD/IDR
markets for the purpose of determining the SFEMC IDR
Indicative Survey Rate).
If Annex A to the 1998 FX and Currency Option
Definitions published by the International Swaps and
Derivatives Association, Inc., the Emerging Markets
Traders Association and the Foreign Exchange
Committee (the "FX Definitions") is amended such that
IDR04 or IDR02 is replaced by a successor price source
for the USD/IDR spot exchange rate in such Annex A to
the FX Definitions (the "Successor Price Source
Definition"), then the USD/IDR Reference Rate for the
Rate Fixing Date will be determined in accordance with
such Successor Price Source Definition.
If the USD/IDR Reference Rate cannot be determined in
accordance with the preceding paragraphs on such Rate
Fixing Date, then the USD/IDR Reference Rate shall be
determined by the Calculation Agent by requesting five
Reference Banks (selected by the Calculation Agent at its
sole discretion) for their mid-market quotations of the
USD/IDR spot exchange rate at approximately 2:30 p.m.
Jakarta time on such date.
If five or four quotations are provided as requested, the
USD/IDR Reference Rate will be the arithmetic mean
(rounded to the nearest whole IDR, 0.5 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 such
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 USD/IDR Reference Rate shall be
determined as described above except that the highest and
lowest quotations will not be disregarded.
If none or only one of the Reference Banks provides such
quotation, the USD/IDR Reference Rate will be
determined by the Calculation Agent in its sole discretion,
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.
"USD/JPY Reference Rate" means the mid rate of
USD/JPY foreign exchange rate, expressed as the amount

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of JPY per one USD, published on the Bloomberg Page
"BFIX" (or its successor page for the purpose of
displaying such rate) as of 12:00 p.m. Tokyo time on the
Rate Fixing Date, as determined by the Calculation Agent.
In the event that no such quotation appears on the
Bloomberg Page "BFIX" (or its successor page for the
purpose of displaying such rate), the USD/JPY Reference
Rate shall be determined by the Calculation Agent by
requesting five Reference Banks (selected by the
Calculation Agent at its sole discretion) for their mid-
market quotations of the USD/JPY spot exchange rate at
approximately 12:00 p.m. Tokyo time on such date.
If five or four quotations are provided as requested, the
USD/JPY Reference Rate will be the arithmetic mean 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 such 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 USD/JPY Reference Rate shall be
determined as described above except that the highest and
lowest quotations will not be disregarded.
If none or only one of the Reference Banks provides such
quotation, the USD/JPY Reference Rate will be
determined by the Calculation Agent in its sole discretion,
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.
18. Early Redemption Amount
Amortized Face Amount as set out in the Conditions. The
(Condition 6(c)):
Amortized Face Amount per Specified Denomination

shall be payable in JPY and determined by the Calculation
Agent as follows:
Amortized Face Amount multiplied by the
Reference Rate on the Early Redemption Rate
Fixing Date
All provisions of Term 17 above shall be applicable
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 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)):
Bearer Notes:

5

Temporary Global Note exchangeable for a Permanent
Global Note on the Exchange Date
Exchange Date in respect of Temporary Global Note:
27 June 2020

20.
New Global Note:
No

21.
Financial Centre(s) or other special
Jakarta, London, New York City, Singapore and Tokyo

provisions relating to payment dates

(Condition 7(h)):

22.
Governing law (Condition 14):
English

23.
Other final terms:
Not Applicable

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 IDR but payable in
JPY, 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 the Rate Fixing Date, IDR
has appreciated in value against JPY, the payment in JPY
will be higher. Conversely, a depreciation in value of IDR
against JPY will have the opposite impact. Furthermore,
since the Noteholders will receive payments on the Notes
only on 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 (JPY) strengthens or
weakens against the denominated currency (IDR).

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.
Additional selling restrictions:
Not Applicable

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OPERATIONAL INFORMATION

28.
ISIN Code:
XS2152278714
29.
Common Code:
215227871
30.
Delivery:
Delivery against payment

31.
Intended to be held in a manner
No

which would allow Eurosystem

eligibility:

GENERAL INFORMATION

IBRD's most recent Information Statement was issued on September 24, 2019.

USE OF PROCEEDS

Supporting sustainable development in IBRD's member countries.

The net proceeds from the sale of the Notes will be used by IBRD to finance sustainable
development projects and programs in IBRD's member countries (without being committed or
earmarked for lending to, or financing of, any particular projects or programs). Prior to use, the net
proceeds will be invested by IBRD's Treasury in accordance with IBRD's liquid asset management
investment policies. IBRD's financing is made available solely to middle-income and creditworthy
lower-income member countries who are working in partnership with IBRD to eliminate extreme
poverty and boost shared prosperity, so that they can achieve equitable and sustainable economic growth
in their national economies and find sustainable solutions to pressing regional and global economic and
environmental problems. Projects and programs supported by IBRD are designed to achieve a positive
social impact and undergo a rigorous review and internal approval process aimed at safeguarding
equitable and sustainable economic growth.

IBRD integrates the following five global themes into its lending activities helping its borrowing
members create sustainable development solutions: climate change; gender; infrastructure; public-
private partnerships and guarantees; knowledge management, and fragility, conflict and violence.

IBRD's administrative and operating expenses are covered entirely by IBRD's various sources of
revenue (net income) consisting primarily of interest margin, equity contribution and investment income
(as more fully described in the Information Statement).

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.

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RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:
By:
Name:
Title:
Duly authorized
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