Obligation IBRD-Global 3.875% ( XS2744831210 ) en GBP

IBRD-Global

100 % ▲

Etats-unis

XS2744831210 ( en GBP )

3.875% par an ( paiement annuel )

02/10/2028

Prospectus brochure de l'obligation IBRD XS2744831210 en GBP 3.875%, échéance 02/10/2028

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02/10/2025 ( Dans 19 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 analyse de l'obligation de type classique portant le code ISIN XS2744831210 révèle un instrument financier émis par la Banque Internationale pour la Reconstruction et le Développement (BIRD), plus couramment désignée par son acronyme anglais IBRD. L'IBRD est une institution multilatérale de développement, composante essentielle du Groupe de la Banque Mondiale, dont la mission principale est de réduire la pauvreté et de soutenir le développement dans les pays à revenu intermédiaire et les pays pauvres solvables en leur fournissant des prêts, des garanties, des produits de gestion des risques et des services de conseil. Reconnue pour sa solidité financière et sa cote de crédit élevée, souvent assimilée à celle d'un État souverain de premier rang, l'IBRD est un émetteur de référence sur les marchés obligataires internationaux. Bien que le pays d'émission formel de cette obligation soit les États-Unis, l'instrument est libellé en Livre Sterling (GBP), offrant une diversification géographique et monétaire. Le taux d'intérêt annuel de cette obligation est fixé à 3,875%, un coupon fixe versé avec une fréquence annuelle (fréquence de paiement de 1). La maturité de cet instrument est programmée pour le 2 octobre 2028, offrant une échéance de moyen terme. Actuellement, l'obligation se négocie à 100% de son prix nominal sur le marché, indiquant qu'elle est échangée à la parité. Cette émission représente donc une opportunité d'investissement dans un actif à revenu fixe émis par une entité supranationale stable, offrant un rendement prévisible jusqu'à son échéance.

Final Terms dated 8 January 2024

International Bank for Reconstruction and Development
Issue of GBP 1,500,000,000 3.875 per cent. Notes due 2 October 2028
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.
MiFID II product governance / Retail investors, professional investors and ECPs target
market See Term 28 below.
UK MiFIR product governance / Retail investors, professional investors and ECPs target
market See Term 29 below.
SUMMARY OF THE NOTES
1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i)
Series number:
101882
(ii)
Tranche number:
1
3.
Specified Currency or Currencies
Sterling ("GBP")
(Condition 1(d)):
4.
Aggregate Nominal Amount:

(i)
Series:
GBP 1,500,000,000
(ii)
Tranche:
GBP 1,500,000,000
5.
(i)
Issue Price:
99.955 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
GBP 1,497,450,000
6.
Specified Denominations
GBP 1,000 and integral multiples thereof
(Condition 1(b)):
7.
Issue Date:
11 January 2024
8.
Maturity Date (Condition 6(a)):
2 October 2028
9.
Interest basis (Condition 5):
3.875 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:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note provisions
Applicable
(Condition 5(a)):
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A53395558

(i)
Rate of Interest:
3.875 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
2 October in each year, from and including 2 October 2024
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
Not Applicable
Convention:
(v)
Day Count Fraction
Actual/Actual (ICMA)
(Condition 5(l)):
(vi)
Other terms relating to
Not Applicable
the method of calculating
interest for Fixed Rate
Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of
GBP 1,000 per minimum Specified Denomination
each 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
London and New York
special 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
Banco Santander, S.A.
GBP 375,000,000
Managers and
underwriting
Citigroup Global Markets Limited
GBP 375,000,000
commitments:
NatWest Markets Plc
GBP 375,000,000
The Toronto-Dominion Bank
GBP 375,000,000

(ii)
Stabilizing Manager(s) (if Not Applicable
any):
25. If non-syndicated, name of
Not Applicable
Dealer:
26. Total commission and concession: 0.125 per cent. of the Aggregate Nominal Amount
27. Additional selling restrictions:
Not Applicable
28. MiFID II product governance /
Directive 2014/65/EU (as amended, "MiFID II") product
Retail investors, professional
governance / Retail investors, professional investors and
ECPs target market Solely for the purposes of the

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investors and ECPs target market:
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, professional clients and retail clients, each as
defined in MiFID II; 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, each distributor subject to MiFID II 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
Banco Santander, S.A.
IBRD does not fall under the scope of application of MiFID
II. Consequently, IBRD does not qualify as an "investment
firm", "manufacturer" or "distributor" for the purposes of
MiFID II.
29. UK MiFIR product governance /
Regulation (EU) No 600/2014 as it forms part of
Retail investors, professional
domestic law by virtue of the European Union
investors and ECPs target market:
(Withdrawal) Act 2018 ("UK MiFIR") product
governance / Retail investors, professional investors and
ECPs target market Solely for the purposes of each
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
manufacturers' 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 manufacturers'
target market assessment) and determining appropriate
distribution channels.
For the purposes of this Term 29, "manufacturer" means
each of Banco Santander S.A., Citigroup Global Markets
Limited, NatWest Markets Plc and The Toronto-Dominion
Bank.
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

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30. Legal Entity Identifier of the
ZTMSNXROF84AHWJNKQ93
Issuer:
31. ISIN Code:
XS2744831210
32. Common Code:
274483121
33. Delivery:
Delivery versus payment
34. Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
35. 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
eligibility:
be 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 depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 2 October 2023.

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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