Obligation IBRD-Global 3.4% ( XS2299137948 ) en COP

IBRD-Global

95.67 % ▲

Etats-unis

XS2299137948 ( en COP )

3.4% par an ( paiement annuel )

16/02/2026

Prospectus brochure de l'obligation IBRD XS2299137948 en COP 3.4%, échéance 16/02/2026

17/02/2026 ( Dans 231 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 COP, avec le code ISIN XS2299137948, paye un coupon de 3.4% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 16/02/2026

Final Terms dated 12 February 2021

International Bank for Reconstruction and Development
Issue of
COP 60,000,000,000 3.375 per cent. Notes due 17 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.

UK MiFIR product governance / Retail investors, professional investors and ECPs target market
 See Term 28 below.
SUMMARY OF THE NOTES
1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i) Series Number:
101317
(ii) Tranche Number:
1
3.
Specified Currency or Currencies
The lawful currency of the Republic of Colombia, the
(Condition 1(d)):
Colombian Peso ("COP"), provided that all payments in
respect of the Notes will be made in United States Dollars
("USD")
4.
Aggregate Nominal Amount:

(i) Series:
COP 60,000,000,000
(ii) Tranche:
COP 60,000,000,000
5.
(i) Issue Price:
100 per cent. of the Aggregate Nominal Amount
(ii) Net Proceeds:
USD 16,968,325.79 (equivalent to COP 60,000,000,000 at
the COP/USD exchange rate of COP 3,536 per one USD)
6.
Specified Denominations (Condition 1(b)):
COP 10,000,000
7.
Issue Date:
17 February 2021
8.
Maturity Date (Condition 6(a)):
17 February 2026
9.
Interest Basis (Condition 5):
3.375 per cent. Fixed Rate
(further particulars specified below in Term 16)
10. Redemption/Payment Basis (Condition 6):
Redemption at par, payable in USD
11. Change of Interest or Redemption/Payment
Not Applicable
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

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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i) Rate of Interest:
3.375 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
17 February in each year, from and including 17 February 2022
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) Day Count Fraction:
Actual/Actual (ICMA)
(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 COP
Valuation Date equal to the product of:
(a) the Specified Denomination multiplied by the Rate
of Interest;
(b) 1 divided by the COP Reference Rate on such COP
Valuation Date (as defined in Term 17 below); and
(c) the Day Count Fraction.
(vii) Other terms relating to the
Not Applicable
method of calculating interest for
Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
The Final Redemption Amount per Specified Denomination
Note (Condition 6):
will be payable in USD on the Maturity Date and shall be
determined by the Calculation Agent by applying the
following formula on the COP Valuation Date immediately
prior to the Maturity Date:
Specified Denomination divided by COP Reference
Rate.
Where:
"Bogotá 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 Bogotá.
"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 Bogotá, London and New York.
"Calculation Agent" means Citibank, N.A., London Branch.
"COP Reference Rate" means, in respect of a COP Valuation
Date, the COP/USD representative exchange rate, expressed as
the amount of COP per one USD, for settlement on that same
day, reported by the Superintendencia Financiera de Colombia
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(Financial Superintendency of Colombia)
(www.superfinanciera.gov.co) as the "Tasa Representativa del
Mercado (TRM)" at approximately 5:00 p.m. Bogotá time, but
not later than 10:30 a.m., Bogotá time, on the first Business
Day following such COP Valuation Date ("COP02").
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 COP02 is replaced by a successor price
source for the COP/USD exchange rate in such Annex A to the
FX Definitions (the "Successor Price Source Definition"),
then the COP Reference Rate for the applicable COP Valuation
Date will be determined in accordance with such Successor
Price Source Definition.
If the COP Reference Rate cannot be determined in accordance
with the preceding paragraphs with respect to such COP
Valuation Date, then the COP 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 COP/USD exchange rate at approximately
5:00 p.m. Bogotá time on the first Business Day following such
COP Valuation Date.

If five or four quotations are provided as requested, the COP
Reference Rate will be the arithmetic mean (rounded to the
nearest whole COP, 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 COP 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 COP 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.
"COP Valuation Date" means, for any Interest Payment Date
or the Maturity Date or date on which an amount is payable, the
fifth Business Day prior to such date, provided however that if
such date is an Unscheduled Holiday, the COP Valuation Date
shall be the next following Business Day, provided, however,
that if the next day is also an Unscheduled Holiday, the COP
Reference 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
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relevant market practice and by reference to such additional
sources as it deems appropriate.
"Reference Banks" means five major banks in the Colombia
interbank market selected by the Calculation Agent.
"Unscheduled Holiday" means a day that is not a 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
Bogotá two Bogotá Business Days prior to the relevant COP
Valuation Date.
18. Early Redemption Amount (Condition The Final Redemption Amount per Specified Denomination as
6(c)):
determined in accordance with Term 17 above plus accrued and

unpaid interest, if any, as determined in accordance with Term
16, except that the COP 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 COP Valuation
Date") and all the references to "COP Valuation Date" shall be
deemed to be replaced by "Early Redemption COP Valuation
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
Bogotá, London and New York
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 Managers
Not Applicable
and underwriting commitments:
(ii) Stabilizing Manager(s) (if any):
Not Applicable
25. If non-syndicated, name of Dealer:
Morgan Stanley & Co. International plc
26. Total commission and concession:
Not Applicable
27. Additional selling restrictions:
Colombia
Neither the Prospectus, these Final Terms nor the Notes has
been registered at the National Register of Securities and
Issuers (Registro Nacional de Valores y Emisores) managed by
the Finance Superintendence of Colombia (Superintendencia
Financeria De Colombia). The Notes shall not be offered under
a public offering of securities in Colombia and may only be
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exchanged within the territory of the Republic of Colombia to
the extent permitted by applicable law, accordingly, the offering
has not been, and will not be authorized by the Finance
Superintendence of Colombia.
28. UK MiFIR product governance /
Regulation (EU) No 600/2014 as it forms part of domestic
Retail investors, professional
law by virtue of the European Union (Withdrawal) Act 2018
investors and ECPs target market:
("UK MiFIR") product governance / Retail investors,
professional investors and eligible counterparties ("ECPs")
target market - Solely for the purposes of the manufacturer's
product approval process, the target market assessment in
respect of the Notes has led to the conclusion that (i) the target
market for the Notes is eligible counterparties (as defined in the
United Kingdom Financial Conduct Authority (the "FCA")
Handbook Conduct of Business Sourcebook ("COBS")),
professional clients (as defined in UK MiFIR) and retail clients
(as defined in point (8) of Article 2 of Regulation (EU) No
2017/565 as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018; and (ii) all channels
for distribution of the Notes are appropriate. Any person
subsequently offering, selling or recommending the Notes (a
"distributor") should take into consideration the
manufacturer's target market assessment; however, a distributor
subject to the FCA Handbook Product Intervention and Product
Governance Sourcebook (the "UK MiFIR Product
Governance Rules") is responsible for undertaking its own
target market assessment in respect of the Notes (by either
adopting or refining the manufacturer's target market
assessment) and determining appropriate distribution channels.
For the purposes of this Term 28, "manufacturer" means the
Dealer.
IBRD does not fall under the scope of application of UK
MiFIR. Consequently, IBRD does not qualify as an
"investment firm", "manufacturer" or "distributor" for the
purposes of UK MiFIR.
OPERATIONAL INFORMATION

29. ISIN Code:
XS2299137948
30. Common Code:
229913794
31. Delivery:
Delivery against payment
32. Registrar and Transfer Agent (if any):
Citibank, N.A., London Branch
33. Intended to be held in a manner which No
would allow Eurosystem eligibility:

GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 23 September 2020.

USE OF PROCEEDS

Supporting sustainable development in IBRD's member countries

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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, programs or activities). 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 net loan revenues 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.

6

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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