Bond IBRD-Global 0% ( AU3FN0020509 ) in AUD

IBRD-Global

100 % ⇌

United States

AU3FN0020509 ( in AUD )

0%

24/09/2018 - Bond has expired

Prospectus brochure of the bond IBRD AU3FN0020509 in AUD 0%, expired

/

750 000 000 AUD

The International Bank for Reconstruction and Development (IBRD) is an international financial institution that offers loans and advice to middle-income and creditworthy low-income countries for development projects.

An AUD-denominated bond, identified by ISIN code AU3FN0020509, was issued by the International Bank for Reconstruction and Development (IBRD), a crucial component of the World Bank Group dedicated to financing development projects and reducing poverty worldwide. Originating from the United States, this specific debt instrument had a substantial total issue size of 750,000,000 AUD. Notably, it was structured as a zero-coupon bond, featuring a 0% interest rate and a stated payment frequency of 1, meaning no periodic interest payments were made. The bond reached its maturity date on September 24, 2018, having traded at a current market price of 100% at the time of its redemption. Consequently, this obligation has successfully matured and been fully redeemed by the issuer.

Final Terms dated September 20, 2013
International Bank for Reconstruction and Development
Issue of AUD750,000,000 Floating Rate Notes due September 24, 2018
("Notes")

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.
International Bank for Reconstruction and Development is neither a bank nor an
authorised deposit-taking institution which is authorised under the Banking Act 1959 of
Australia. The Notes are not the obligations of any government and, in particular, are not
guaranteed by, the Commonwealth of Australia.
SUMMARY OF THE NOTES
1. Issuer:
International Bank for Reconstruction and
Development
("IBRD")
2. (i)
Series Number:
10998
(ii) Tranche Number:
1
3. Specified Currency or
Australian Dollars ("AUD")
Currencies (Condition 1(d)):
4. Aggregate Nominal Amount:

(i)
Series:
AUD750,000,000
(ii) Tranche:
AUD750,000,000
5. (i)
Issue Price:
100.000 per cent. of the Aggregate Nominal Amount
(ii) Net proceeds:
AUD748,980,000
6. Specified Denominations
AUD1,000. See also Term 27 below
(Condition 1(b)):
7. Issue Date:
September 24, 2013
8. Maturity Date (Condition 6(a)):
September 24, 2018
9. Interest Basis (Condition 5):
Floating 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
Unsecured and unsubordinated
3):
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Syndicated
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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Floating Rate Note Provisions
Applicable
(Condition 5(b)):

(i)
Interest Period(s):
As set forth in Condition 5(l)
(ii) Specified Interest
March 24, June 24, September 24 and December 24 in

Payment Date(s):
each year, from and including December 24, 2013 to,
and including, the Maturity Date, subject to adjustment
in accordance with the Business Day Convention
below.
(iii) Business Day Convention: Following Business Day Convention
(iv) Business Centre(s)
London and Sydney

(Condition 5(l)):
(v) Manner in which the
ISDA Determination

Rate(s) of Interest is/are to

be determined:
(vi) Party responsible for
Citibank N.A., London Branch

calculating the Rate(s) of

Interest and Interest

Amount(s):
(vii) ISDA Determination
Applicable

(Condition 5(b)(ii)(B)):
-
Floating Rate Option:
AUD-BBR-BBSW
-
Designated Maturity:
3 month
-
Reset Date:
The first day of each Interest Period
(viii) Margin:
Plus 0.21 per cent. per annum
(ix) Minimum Rate of Interest: Zero per cent. per annum
(x) Maximum Rate of Interest: Not Applicable
(xi) Day Count Fraction
Actual/365 (Fixed)

(Condition 5(l)):
(xii) Fall back provisions,
Not Applicable
rounding provisions,
denominator and any
other terms relating to the
method of calculating
interest on Floating Rate
Notes, if different from
those set out in the
Conditions:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of
AUD1,000 per 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 only
The holders of the Notes are entitled to the benefit of,
and are bound by and are deemed to have notice of,
the provisions of the second deed poll executed by
IBRD on October 19, 2009 ("Deed Poll") constituting
the Notes. The Notes will be Registered Notes for the
purposes of the Terms and Conditions (as defined in
the Deed Poll). A copy of the Deed Poll may be
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inspected, without charge, at the offices of the
Registrar. The Reserve Bank of Australia will hold the
original Deed Poll.
20. New Global Note:
No
21. Financial Centre(s) or other
London and Sydney
special provisions relating to
payment dates (Condition 7(h)):
22. Governing law (Condition 14):
New South Wales, Australia
23. Other final terms:
As set out in Appendix A to these Final Terms
DISTRIBUTION
24. (i)
If syndicated, names of
Joint Lead Managers
Managers:

Citigroup Global Markets Australia Pty Limited (ABN 64
003 114 832)
Westpac Banking Corporation (ABN 33 007 457 141)
(ii) Stabilizing Manager(s) (if
Not Applicable
any):
25. If non-syndicated, name of
Not Applicable
Dealer:
26. Total commission and
0.136 per cent. of the Aggregate Nominal Amount
concession:
(AUD1,020,000)
27. Additional selling restrictions:
See the additional selling restrictions in paragraph 1 of
the "General Information" section below for restrictions
on offers, invitations or sales of Notes for a
consideration of less than AUD500,000.
OPERATIONAL INFORMATION

28. ISIN Code:
AU3FN0020509
29. Common Code:
097290776
30. Any clearing system(s) other
The Issuer has applied to Austraclear Limited
than Euroclear Bank S.A./N.V.,
("Austraclear") for approval for the Notes to be traded
Clearstream Banking, société
on the settlement system operated by Austraclear
anonyme and The Depository
("Austraclear
System").

Such
approval
by
Trust Company and the
Austraclear is not a recommendation or endorsement
relevant identification
by Austraclear of the Notes.
number(s):
On admission to the Austraclear System, interests in
the Notes may be held through Euroclear Bank
S.A./N.V. as operator of the Euroclear System
("Euroclear")
or Clearstream
Banking,
société
anonyme ("Clearstream, Luxembourg"). In these
circumstances, entitlements in respect of holdings of
interests in the Notes in Euroclear would be held in the
Austraclear System by HSBC Custody Nominees
(Australia) Limited as nominee of Euroclear while
entitlements in respect of holdings of interests in the
Notes in Clearstream, Luxembourg would be held in
the Austraclear System by a nominee of J.P. Morgan
Chase Bank, N.A. as custodian for Clearstream,
Luxembourg.
The rights of a holder of interests in Notes held
through Euroclear or Clearstream, Luxembourg are
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subject to the respective rules and regulations for
accountholders
of
Euroclear
and
Clearstream,
Luxembourg, the terms and conditions of agreements
between Euroclear and Clearstream, Luxembourg and
their respective nominees and the rules and
regulations of the Austraclear System.
In addition, any transfer of interests in Notes which are
held through Euroclear or Clearstream, Luxembourg
will, to the extent such transfer will be recorded on the
Austraclear System, be subject to the Corporations Act
2001 of Australia and the other requirements set out in
Condition 2 of the Notes.
See also Appendix B to these Final Terms.
31. Delivery:
Delivery against payment
32. Registrar and Transfer Agent (if Citigroup Pty Limited (ABN 88 004 325 080)
any):
33. Paying Agent:
Citibank N.A., London Branch
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 19, 2012.
The following additional selling restriction will apply to the issue:
Australia:
No prospectus or other disclosure document (as defined in the Corporations Act 2001 of
Australia) in relation to the Notes has been or will be lodged with the Australian Securities
and Investments Commission ("ASIC"). Each Manager has represented and agreed that
it:
(a)
has not (directly or indirectly) offered or invited applications, and will not
offer or invite applications, for issue, sale or purchase of the Notes in
Australia (including an offer or invitation which is received by a person in
Australia); and
(b)
has not distributed or published, and will not distribute or publish, any
Prospectus or other offering material or advertisement (including any
Final Terms) relating to any Notes in Australia,
unless (i) the aggregate consideration payable by each offeree is at least AUD500,000
(or its equivalent in an alternate currency) (disregarding moneys lent by the offeror or its
associates) or the offer otherwise does not require disclosure to investors under Part
6D.2 or Chapter 7 of the Corporations Act 2001 of Australia, (ii) such action complies with
applicable laws and directives (including that the offer or invitation is not made to a
person who is a "retail client" within the meaning of section 761G of the Corporations Act
2001 of Australia), and (iii) such action does not require any document to be lodged with
ASIC.
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In addition, each Manager has agreed that it will comply with the directive issued by the
Assistant Treasurer of the Commonwealth of Australia dated September 23, 1996 as
contained in Banking (Exemption) Order No. 82 which requires all offers and transfers to
be for an aggregate principal amount of at least AUD500,000. Banking (Exemption)
Order No. 82 does not apply to transfers which occur outside Australia.
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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5

APPENDIX A TO FINAL TERMS
This is Appendix A to the Final Terms dated September 20, 2013 and the following
provisions amend, supplement, vary and/or substitute the terms and conditions
applicable to the Notes as set out in the Prospectus dated May 28, 2008 incorporated in
this Final Terms. To the extent of any inconsistency between the terms and conditions
set out in the Prospectus and these supplemental conditions, these supplemental
conditions will apply to the extent of that inconsistency.
Preamble
The Notes are constituted by the Deed Poll and inscribed in the Register pursuant to the
Global Agency Agreement. The Deed of Covenant will not apply to the Notes. Copies of
the Deed Poll and Global Agency Agreement are available for inspection during normal
business hours at the specified office of the Registrar. All persons from time to time
entitled to the benefit of obligations under any Note shall be deemed to have notice of,
and shall be bound by, all the provisions of the Deed Poll and the Global Agency
Agreement insofar as they relate to the Notes.
Definitions
The following terms have these meanings in respect of the Notes:
Austraclear means Austraclear Ltd (ACN 002 060 773);
Austraclear Regulations means the regulations established by Austraclear (as
amended or replaced from time to time) to govern the use of the Austraclear System;
Austraclear System means the system operated by Austraclear for holding securities
and the electronic recording and settling of transactions in those securities between
members of that system;
Clearstream, Luxembourg means Clearstream Banking, société anonyme;
Euroclear means Euroclear Bank S.A./N.V. as operator of the Euroclear System;
Paying Agent means Citibank N.A., London Branch;
Record Date means, in the case of payments of principal or interest, the close of
business in Sydney on the date falling 8 calendar days before each Interest Payment
Date and the Maturity Date (as the case may be); and
Registrar means Citigroup Pty Limited (ABN 88 004 325 080).
1
Condition 1 - Form, Denomination, Title and Specified Currency
1.1
Condition 1(a) shall be replaced by the following:
"(a)

(i)
The Notes are debt obligations of IBRD owing under the Deed Poll and
take the form of entries in the Register. Each entry in the Register
constitutes a separate and individual acknowledgment to the relevant
Noteholder of the indebtedness of IBRD to the relevant Noteholder.
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(ii)
No certificate or other evidence of title will be issued by or on behalf of
IBRD to evidence title to a Note unless IBRD determines that certificates
should be made available or it is required to do so pursuant to any
applicable law or regulation."
1.2
Condition 1(c) shall be replaced by the following:
"Title to the Notes shall pass by registration in the Register. Entries in the
Register in relation to a Note constitute conclusive evidence that the person so
entered is the registered owner of the Note subject to rectification for fraud or
error. No Note will be registered in the name of more than four persons. A Note
registered in the name of more than one person is held by those persons as joint
tenants. Notes will be registered by name only without reference to any
trusteeship. The person registered in the Register as a Noteholder of a Note will
be treated by IBRD and the Registrar as absolute owner of that Note and neither
IBRD nor the Registrar is, except as ordered by a court or as required by statute,
obliged to take notice of any other claim to a Note. The Register will be
established and maintained in Sydney, New South Wales unless otherwise
agreed between the Issuer and the Registrar."
2
Condition 2 - Transfers of Registered Notes and Exchanges of Registered
Notes and Bearer Notes
2.1
Condition 2(a)(i) shall be replaced by the following:
"(i)
The Notes may be transferred in whole but not in part. The Notes will be
transferable by duly completed and (if applicable) stamped transfer and
acceptance forms in the form specified by, and obtainable from, the
Registrar or by any other manner approved by IBRD and the Registrar.
Notes entered in the Austraclear System (as defined below) will be
transferable only in accordance with the Austraclear Regulations (as
defined below).
Notes may only be transferred within or, to Australia if (a) the aggregate
consideration payable by the transferee at the time of transfer is at least
AUD500,000 (or its equivalent in other currencies, in either case,
disregarding moneys lent by the transferor or its associates) and the offer
or invitation giving rise to the transfer otherwise does not require
disclosure to investors in accordance with Part 6D.2 or Chapter 7 of the
Corporations Act 2001 of Australia, (b) the transfer is in compliance with
all applicable laws, regulations and directives (including, without
limitation, in the case of a transfer to or from Australia, the laws of the
jurisdiction in which the transfer takes place), and (c) in the case of a
transfer between persons outside Australia, if a transfer and acceptance
form is signed outside Australia.
A transfer to an unincorporated association is not permitted."
2.2
In Condition 2(g), replace "15" with "7 calendar".
2.3
Condition 2(h) is replaced with the following:
"Unless the Notes are lodged in the Austraclear System (as defined below),
application for the transfer of the Notes must be made by the lodgement of a
transfer and acceptance form with the Registrar. Each transfer and acceptance
form must be accompanied by such evidence (if any) as the Registrar may
11622432_6
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require to prove the title of the transferor or the transferor's right to transfer the
Note and be signed by both the transferor and the transferee.
The transferor of a Note is deemed to remain the holder of that Note until the
name of the transferee is entered in the Register in respect of that Note."
3
Condition 4 - Negative Pledge
In Condition 4, replace the words "Fiscal Agent" with "Registrar".
4
Condition 7 - Payments
4.1
Condition 7(a) shall be replaced by the following provisions:
"(A)
The Paying Agent will act (through its office in London) as principal
paying agent for the Notes pursuant to the Global Agency Agreement.
(B)
Payments of principal and interest will be made in Australia in Australian
dollars to the persons registered at the close of business on the relevant
Record Date (as defined below) as the holders of such Notes, subject in
all cases to normal banking practice and all applicable laws and
regulations. Payment will be made by cheques drawn on a bank in
Australia despatched by post on the relevant payment day at the risk of
the Noteholder or, at the option of the Noteholder, in the case of principal
or interest, by the Registrar giving in Sydney irrevocable instructions for
the effecting of a transfer of the relevant funds to an Australian dollar
account in Australia specified by the Noteholder to the Registrar, or in any
other manner in Australia which the Registrar and the Noteholder agree.
Payments to Euroclear and Clearstream, Luxembourg (or their respective
nominees, where applicable) and to Austraclear will be made by
electronic transfer in the manner specified in this paragraph.
In the case of payments made by electronic transfer, payments will for all
purposes be taken to be made when the Registrar gives irrevocable
instructions in Sydney for the making of the relevant payment by
electronic transfer, being instructions which would be reasonably
expected to result, in the ordinary course of banking business, in the
funds transferred reaching the account of the Noteholder and, in the case
of accounts maintained in Australia, reaching the account on the same
day as the day on which the instructions are given.
If a payment in respect of a Note is prohibited by law from being made in
Australia, such payment will be made in an international financial centre
for the account of the relevant payee, and on the basis that the relevant
amounts are paid in immediately available funds, freely transferable to the
order of the payee.
(C)
If a cheque posted or an electronic transfer for which irrevocable
instructions have been given by the Registrar is shown, to the satisfaction
of the Registrar, not to have reached the Noteholder and the Registrar is
able to recover the relevant funds, the Registrar may make such other
arrangements as it thinks fit for the effecting of the payment in Australia.
(D)
Interest will be payable in the manner specified in clause 7(a)(B) above,
to the persons who are registered as Noteholders at the close of business
in Sydney on the relevant Record Date and cheques will be made
payable to the Noteholder (or, in the case of joint Noteholders, to the first-
11622432_6
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named) and sent to his registered address, unless instructions to the
contrary are given by the Noteholder (or, in the case of joint Noteholders,
by all the Noteholders) in such form as may be prescribed by the
Registrar.
Payment of principal will be made to, or to the order of, the persons who
are registered as Noteholders at the close of business in Sydney on the
relevant Record Date, subject, if so directed by the Registrar, to receipt
from them of such instructions as the Registrar may require.
(E)
Paragraphs (iii) and (vi) of Condition 7(e) shall not apply to the Notes."
5
Condition 10 - replacement of Notes, Certificates, Receipts, Coupons and
Talons
Condition 10 shall not apply to the Notes.
6
Condition 12 - Notices
In Condition 12(c), add the following provisions:
Notwithstanding this Condition 12(c), so long as the Notes are held on behalf of a
clearing system notices to Noteholders may be given by delivery of the relevant
notice to that clearing system for communication by it to entitled account holders.
Any notice delivered to a clearing system in accordance with this provision shall
be deemed to have been given to the Noteholders on the day on which such
notice is delivered to the clearing system.
7
Condition 14 - Governing Law, Jurisdiction and Service of Process
7.1
Condition 14 shall be replaced by the following:
"(a)
The Notes are governed by, and shall be construed in accordance with,
the laws of New South Wales, Australia.
(b)
IBRD irrevocably and unconditionally submits to the non-exclusive
jurisdiction of the courts of New South Wales, Australia and courts of
appeal from them.
(c)
For so long as any of the Notes are outstanding, IBRD will ensure that
there is an agent appointed to accept service of process on its behalf in
New South Wales in respect of any legal action or proceedings as may be
brought in the courts of New South Wales, Australia or the federal courts
of Australia.
The agent initially appointed by IBRD in New South Wales, Australia is
The World Bank, Level 19, 14 Martin Place, CML Building, Sydney NSW
2000, Australia."
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APPENDIX B

This is Appendix B to the Final Terms dated September 20, 2013 and describes the
clearing and settlement system relevant to the Notes.
The section of the Prospectus entitled "Clearance and Settlement" is amended by adding
the following:
"Settlement and Transfer
Austraclear
On issue of the Notes the Issuer will (unless otherwise agreed with the Noteholder)
procure that the Notes are entered into the Austraclear System. On entry, Austraclear
will become the sole registered holder and legal owner of such Notes. Participants of the
Austraclear System ("Accountholders") acquire rights against Austraclear in relation to
those Notes as beneficial owners and Austraclear is required to deal with the Notes in
accordance with the directions and instructions of the Accountholders. Any potential
investors who are not Accountholders may hold their interest in the relevant Notes
through a nominee who is an Accountholder. All payments by the Issuer in respect of
Notes entered in the Austraclear System will be made directly to an account agreed with
Austraclear or as it directs in accordance with the Austraclear Regulations.
Secondary Market Sales and Austraclear
Secondary market sales of Notes settled in the Austraclear System will be settled in
accordance with the Austraclear Regulations.
Relationship of Accountholders with Austraclear
Notes are lodged with a validly marked and executed transfer and acceptance form
(which must be consistent with the Accountholders lodgement report) being delivered or
faxed to Austraclear with the lodging Accountholder as transferor and Austraclear as
transferee. The Notes are entered into the Accountholder's Security Record (as defined
in the Austraclear Regulations) but, in accordance with the lodged transfer and
acceptance form, are transferred to Austraclear.
The Austraclear System facilitates settlement at the point of issue of a Note by matching
payments made by an Accountholder to that Accountholder's account with Austraclear
against instructions from the Issuer to issue the Note. The opposite is true of
redemption. Austraclear will not be liable for any amounts owing to the Issuer, upon
issue, or to investors, upon either payment of interest or amounts due on redemption,
which have not been paid to it.
Where Austraclear is registered as the holder of Notes that are lodged in the Austraclear
System, Austraclear may, in certain specified circumstances as set out in the Austraclear
Regulations, instruct the Registrar to transfer or 'withdrawal' the Notes to the person in
whose Security Record (as defined in the Austraclear Regulations) those Notes are
recorded without any consent or action of such transferee and, as a consequence,
remove those Notes from the Austraclear System.
Responsibility
The Issuer will not be responsible for the operation of the clearing and settlement
arrangements, which is a matter for the clearing and settlement institutions, their
nominees, their participants and the investors."
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