Obligation IBRD-Global 6.5% ( XS2431025613 ) en ZAR

IBRD-Global

100 % ▲

Etas-Unis

XS2431025613 ( en ZAR )

6.5% par an ( paiement annuel )

21/01/2027

Prospectus brochure de l'obligation IBRD XS2431025613 en ZAR 6.5%, échéance 21/01/2027

20 000 ZAR

350 000 000 ZAR

21/01/2026 ( Dans 130 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.

Une nouvelle émission obligataire d'envergure retient l'attention des marchés, identifiée par le code ISIN XS2431025613, et émise par la Banque internationale pour la reconstruction et le développement (BIRD), une institution supranationale de premier plan et pilier fondamental du Groupe de la Banque mondiale. La BIRD, dont le siège est aux États-Unis, joue un rôle crucial dans la réduction de la pauvreté et le soutien au développement durable dans les pays à revenu intermédiaire et les pays à faible revenu solvables, bénéficiant d'une réputation financière impeccable et souvent d'une notation de crédit AAA, ce qui en fait un émetteur de référence pour les investisseurs institutionnels et individuels recherchant sécurité et engagement social. Cette obligation spécifique est libellée en Rand Sud-Africain (ZAR), offrant une exposition à cette devise des marchés émergents, avec un taux d'intérêt fixe attractif de 6.5% et une fréquence de paiement annuelle des intérêts, assurant un flux de revenus régulier jusqu'à sa date de maturité fixée au 21 janvier 2027. Le prix actuel sur le marché est de 100% de sa valeur nominale, indiquant qu'elle se négocie au pair, tandis que la taille totale de l'émission s'élève à 350 000 000 ZAR, offrant une liquidité significative, et que la taille minimale à l'achat est fixée à 20 000 ZAR, rendant cet instrument accessible à une base d'investisseurs élargie.

Final Terms dated 18 January 2022

International Bank for Reconstruction and Development

Issue of ZAR 350,000,000 6.50 per cent. Notes due 21 January 2027

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 September 24, 2021. This document constitutes the Final Terms
of the Notes described herein and must be read in conjunction with such Prospectus.

UK MiFIR product governance / 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:
101475
(ii)
Tranche number:
1
3. Specified Currency or Currencies
South African Rand ("ZAR")
(Condition 1(d)):
4. Aggregate Nominal Amount

(i)
Series:
ZAR 350,000,000
(ii)
Tranche:
ZAR 350,000,000
5. (i)
Issue Price:
99.173 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
ZAR 347,105,500
6. Specified Denominations
ZAR 20,000
(Condition 1(b)):
7. Issue Date:
21 January 2022
8. Maturity Date (Condition 6(a)):
21 January 2027
9. Interest basis (Condition 5):
6.50 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment basis
Redemption at par
(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:
6.50 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
21 January in each year, from and including 21 January 2023
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)
(Condition 5(l)):
(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 each
ZAR 20,000 per Specified Denomination
Note (Condition 6):
18. Early Redemption Amount
As set out in the Conditions
(Condition 6(c)):
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 / New
No
Safekeeping Structure:
21. Financial Centre(s) or other special
Johannesburg, London and New York
provisions relating to payment dates
(Condition 7(h)):
22. Governing law (Condition 14):
English
23. Other final terms:
Not Applicable
DISTRIBUTION
24. (i)
If syndicated, names of
Not Applicable
Managers and underwriting
commitments:
(ii)
Stabilizing Manager(s) (if
Not Applicable
any):
25. If non-syndicated, name of Dealer:
Goldman Sachs International
The Dealer is acting in the capacity of underwriter of the Notes.
On the Issue Date the Dealer may continue to hold a portion of
the Notes which it may sell in the secondary market. However,
it is under no obligation to do so.
2

26. Total commission and concession:
Not Applicable
27. Additional selling restrictions:
Not Applicable
28. UK MiFIR product governance /
Regulation (EU) No 600/2014 as it forms part of domestic
Professional investors and ECPs
law by virtue of the European Union (Withdrawal) Act
target market:
2018 ("UK MiFIR") product governance / Professional
investors and ECPs only 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 only
eligible counterparties (as defined in the United Kingdom
Financial Conduct Authority (the "FCA") Handbook Conduct
of Business Sourcebook ("COBS")) and professional clients
(as defined in UK MiFIR); and (ii) all channels for distribution
of the Notes to eligible counterparties and professional clients
are appropriate. Any person subsequently offering, selling or
recommending the Notes (a "distributor") should take into
consideration the manufacturer's target market assessment;
however, each 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. Legal Entity Identifier of the Issuer:
ZTMSNXROF84AHWJNKQ93
30. ISIN Code:
XS2431025613
31. Common Code:
243102561
32. Delivery:
Delivery versus payment
33. Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
34. Intended to be held in a manner
No. Whilst the designation is specified as "no" at the date of
which would allow Eurosystem
these Final Terms, should the Eurosystem eligibility criteria be
eligibility:
amended in the future such that the Notes are capable of
meeting them the Notes may then be deposited with one of the
ICSDs as common safekeeper and registered in the name of a
nominee of one of the ICSDs acting as common safekeeper.
Note that this does not necessarily mean that the Notes will
then be recognized as eligible collateral for Eurosystem
monetary policy and intra-day credit operations by the
Eurosystem at any time during their life. Such recognition will
3

depend upon the ECB being satisfied that Eurosystem
eligibility criteria have been met.
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on September 22, 2021.
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").
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 permit 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; and
·
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; and
·
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
IBRD during the term of the Notes. Payment of principal and interest, if any, on the Notes will be made from
IBRD's general funds and will not be directly linked to the performance of any Eligible Projects.

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.
4

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

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

Name:
Title:

Duly authorized

5

Document Outline

#4">Examples of Mitigation Projects include, without limitation:
#4">Examples of Adaptation Projects include, without limitation: