Obligation IBRD-Global 8.7% ( XS2776634144 ) en ZAR

IBRD-Global

100 % ⇌

Etats-unis

XS2776634144 ( en ZAR )

8.7% par an ( paiement )

04/03/2029

Prospectus brochure de l'obligation IBRD XS2776634144 en ZAR 8.7%, échéance 04/03/2029

/

400 000 000 ZAR

04/03/2026 ( Dans 172 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.

Un nouvel instrument de dette de premier plan attire l'attention des investisseurs : l'obligation IBRD (Banque Internationale pour la Reconstruction et le Développement) portant le code ISIN XS2776634144. L'IBRD, plus communément connue sous le nom de Banque Mondiale, est une institution financière internationale dont la mission principale est de réduire la pauvreté dans les pays en développement en leur fournissant des financements, des garanties, et des services consultatifs. Sa solide réputation et son statut d'émetteur supranational en font un acteur de référence sur les marchés obligataires mondiaux, généralement associé à une très haute qualité de crédit, souvent notée AAA. Cette émission obligataire spécifique, bien que listée avec les États-Unis comme pays d'émission, est libellée en Rands Sud-Africains (ZAR) et représente une taille totale d'émission de 400 000 000 ZAR. Elle offre un taux d'intérêt nominal significatif de 8,7%, une caractéristique notable dans le contexte actuel des marchés. La maturité de cette obligation est fixée au 4 mars 2029, offrant ainsi une durée de vie d'environ cinq ans pour les investisseurs. Actuellement négociée sur le marché à 100% de son prix nominal (au pair), elle reflète une valorisation en ligne avec son prix d'émission, suggérant un équilibre entre l'offre et la demande. Ce type d'instrument financier peut intéresser les investisseurs cherchant une exposition à des rendements fixes dans la devise ZAR, tout en bénéficiant de la qualité de crédit supérieure d'un émetteur institutionnel international.

Final Terms dated February 28, 2024

International Bank for Reconstruction and Development

Issue of ZAR 400,000,000 8.70 per cent. Notes due March 4, 2029

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:
101941
(ii)
Tranche number:
1
3. Specified Currency or Currencies
South African Rand ("ZAR")
(Condition 1(d)):
4. Aggregate Nominal Amount

(i)
Series:
ZAR 400,000,000
(ii)
Tranche:
ZAR 400,000,000
5. (i)
Issue Price:
100 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
ZAR 400,000,000
6. Specified Denominations
ZAR 10,000
(Condition 1(b)):
7. Issue Date:
March 4, 2024
8. Maturity Date (Condition 6(a)):
March 4, 2029
9. Interest basis (Condition 5):
8.70 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:
8.70 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
March 4 in each year, from and including March 4, 2025 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 10,000 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:
HSBC Bank plc
26. Total commission and concession:
Not Applicable
27. Additional selling restrictions:
Not Applicable
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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:
XS2776634144
31. Common Code:
277663414
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
depend upon the ECB being satisfied that Eurosystem
eligibility criteria have been met.
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GENERAL INFORMATION
IBRD's most recent Information Statement was issued on October 2, 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.
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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