Obligation IBRD-Global 4.6% ( XS2297687431 ) en IDR

IBRD-Global

97.13 % ▼

Etats-unis

XS2297687431 ( en IDR )

4.6% par an ( paiement annuel )

08/02/2026

Prospectus brochure de l'obligation IBRD XS2297687431 en IDR 4.6%, échéance 08/02/2026

09/02/2026 ( Dans 222 jours )

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 IDR, avec le code ISIN XS2297687431, paye un coupon de 4.6% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 08/02/2026

Final Terms dated 4 February 2021
International Bank for Reconstruction and Development

Issue of IDR 705,000,000,000 4.60 per cent. Notes due 9 February 2026
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:
101299
(ii) Tranche Number:
1
3. Specified Currency or Currencies
Indonesian Rupiah ("IDR"), being the lawful currency of
(Condition 1(d)):
the Republic of Indonesia, provided that all payments in
respect of the Notes will be made in United States Dollars
("USD")
4. Aggregate Nominal Amount:

(i)
Series:
IDR 705,000,000,000
(ii) Tranche:
IDR 705,000,000,000
5. (i) Issue Price:
100 per cent. of the Aggregate Nominal Amount

(ii) Net proceeds:
USD 50,267,379.68 (equivalent to IDR 705,000,000,000
based on the agreed rate of IDR 14,025 per USD 1.00)
6. Specified Denominations
IDR 100,000,000
(Condition 1(b)):
7. Issue Date:
9 February 2021
8. Maturity Date (Condition 6(a)):
9 February 2026
9. Interest Basis (Condition 5):
4.60 per cent. Fixed Rate
(further particulars specified in Term 16 below)
10. Redemption/Payment Basis
Redemption at par, payable in USD
(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(s) of Interest:
4.60 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
9 February in each year, from and including 9 February
2022 to and including the Maturity Date, not subject to
adjustment in accordance with a Business Day Convention
(iii) Interest Period Dates:
Each Interest Payment Date
(iv) Business Day Convention:
Not Applicable
(v) Day Count Fraction
30/360

(Condition 5(l)):
(vi) Interest Amount:
The Interest Amount payable per Specified Denomination
on each Interest Payment Date will be an amount in USD
determined by the Calculation Agent on the relevant Rate
Fixing Date equal to the product of:
(a) the Specified Denomination multiplied by the
Rate of Interest;
(b) 1 divided by the Reference Rate on such Rate
Fixing Date (as defined in Term 19 below); and
(c) the Day Count Fraction.
(vii) Other terms relating to the
See Term 19 below
method of calculating interest
for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
The Final Redemption Amount shall be IDR 100,000,000
Note (Condition 6):
per minimum Specified Denomination, payable in USD,
and determined by the Calculation Agent by applying the
following formula on the Rate Fixing Date immediately
prior to the Maturity Date:
IDR 100,000,000 divided by the Reference Rate
(as defined in Term 19 below)

18. Early Redemption Amount
The Early Redemption Amount with respect to each
(Condition 6(c)):
minimum Specified Denomination will be a USD amount
equal to the Final Redemption Amount as determined in
accordance with Term 17 above plus accrued and unpaid
interest, if any, as determined above; provided, that for
purposes of such determination, the "Rate Fixing Date"
shall be the date that is five (5) Business Days prior to the
day on which the Early Redemption Amount shall be due
and payable.
GENERAL PROVISIONS APPLICABLE TO THE NOTES
19. Additional Definitions and
"Business Day" means a day (other than a Saturday or a
Disruption Provisions:
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 and
Singapore.
"Calculation Agent" means Citibank N.A., London
Branch, or its duly appointed 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 each Interest Payment Date, 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 falls on an Unscheduled Holiday, the Rate
Fixing Date shall be the next following Business Day;
provided, that if such next following day that would have
been a Business Day is also an Unscheduled Holiday, then
the Rate Fixing Date shall be such second Unscheduled
Holiday. If an Unscheduled Holiday occurs between any
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 five major banks in the
Singapore interbank market selected by the Calculation
Agent.

"Reference Rate" means, in respect of a 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").

If the Reference Rate cannot be determined in accordance
with the preceding paragraph on the relevant Rate Fixing
Date, the 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"). The 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
IDR/USD 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 Reference Rate for the applicable Rate Fixing Date
will be determined in accordance with such Successor Price
Source Definition.

If the Reference Rate cannot be determined in accordance
with the preceding paragraphs on such Rate Fixing Date,
then the 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
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 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 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.

The Calculation Agent shall notify the Issuer as soon as
reasonably practicable that the Reference Rate is to be so
determined.

"Unscheduled Holiday" means a day that is not a Jakarta
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 Jakarta, two Jakarta Business Days
prior to the relevant Rate Fixing Date.
20. Form of Notes (Condition 1(a)):
Registered Notes:

Global Registered Certificate available on Issue Date
21. New Global Note:
No
22. Financial Centre(s) or other special
Jakarta, New York, London, Singapore
provisions relating to payment dates
(Condition 7(h)):
23. Governing law (Condition 14):
English
24. 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")."
25. 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
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, IDR has appreciated
in value against USD, the payment in USD will be higher.
Conversely, a depreciation in value of IDR 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 (IDR).
In addition, 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 risks that are not
associated with a similar investment in a security
denominated or paid in that Investor's Currency. For 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

Prospectus.
DISTRIBUTION
26. (i) If syndicated, names of
Not Applicable
Managers and underwriting
commitments:

(ii) Stabilizing Manager(s) (if
Not Applicable
any):
27. If non-syndicated, name of Dealer:
Standard Chartered Bank
28. Total commission and concession:
Not Applicable
29. Additional selling restrictions:
Not Applicable
OPERATIONAL INFORMATION

30. ISIN Code:
XS2297687431
31. Common Code:
229768743
32. Delivery:
Delivery against payment
33. Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
34. 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 23, 2020.

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.
RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:

By:
..........................................................

Name:
Title:

Duly authorized