Bond IBRD-Global 5.5% ( XS2128389850 ) in IDR

Issuer IBRD-Global
Market price 99.71 %  ▲ 
Country  United States
ISIN code  XS2128389850 ( in IDR )
Interest rate 5.5% per year ( payment 1 time a year)
Maturity 03/03/2025 - Bond has expired



Prospectus brochure of the bond IBRD XS2128389850 in IDR 5.5%, expired


Minimal amount /
Total amount /
Detailed description 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.

The Bond issued by IBRD-Global ( United States ) , in IDR, with the ISIN code XS2128389850, pays a coupon of 5.5% per year.
The coupons are paid 1 time per year and the Bond maturity is 03/03/2025







Final Terms dated 28 February 2020
International Bank for Reconstruction and Development

Issue of

IDR 750,000,000,000 5.50 per cent. Notes due 4 March 2025
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 28 May 2008. 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 markets ­
See Term 30 below.
SUMMARY OF THE NOTES
1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i) Series Number:
101106
(ii) Tranche Number:
1
3.
Specified Currency or Currencies
Indonesian Rupiah ("IDR"), being the lawful currency of the
(Condition 1(d)):
Republic of Indonesia, provided that all payments in respect
of the Notes will be made in United States Dollars ("USD")
4.
Aggregate Nominal Amount:

(i) Series:
IDR 750,000,000,000
(ii) Tranche:
IDR 750,000,000,000
5.
(i) Issue Price:
101.198 per cent. of the Aggregate Nominal Amount
(ii) Net proceeds:
USD 53,246,783.42 (equivalent to IDR 744,922,500,000,
based on the agreed rate of IDR 13,990 per USD 1.00)
6.
Specified Denominations
IDR 20,000,000 and integral multiples thereof
(Condition 1(b)):
7.
Issue Date:
4 March 2020
8.
Maturity Date (Condition 6(a)):
4 March 2025
9.
Interest Basis (Condition 5):
5.50 per cent. Fixed Rate
(further particulars specified in Term 16 below)
10. Redemption/Payment Basis
Redemption at par, payable in USD
(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
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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 of Interest:
5.50 per cent. per annum payable annually in arrear

(ii) Interest Payment Dates:
4 March in each year, from and including 4 March 2021 to
and including the Maturity Date, not subject to adjustment
in accordance with a Business Day Convention

(iii) Interest Period Dates:
Each Interest Payment Date

(iv) Business Day Convention:
Not Applicable

(v) Fixed Coupon Amount:
The Fixed Coupon Amount for the relevant Interest Period
shall be IDR 1,100,000 per minimum Specified
Denomination, payable in USD and determined by the
Calculation Agent by applying the following formula on the
applicable Rate Fixing Date:

IDR 1,100,000 divided by the Reference Rate
(as defined in Term 19 below)

(vi) Day Count Fraction
Actual/Actual ICMA


(Condition 5(l)):

(vii) Other terms relating to the
See Term 19 below
method of calculating interest
for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
The Final Redemption Amount shall be IDR 20,000,000 per
Note (Condition 6):
minimum Specified Denomination, payable in USD, and
determined by the Calculation Agent by applying the
following formula on the Rate Fixing Date immediately
prior to the Maturity Date:
IDR 20,000,000 divided by the Reference Rate
(as defined in Term 19 below)
18. Early Redemption Amount (Condition The Early Redemption Amount with respect to each
6(c)):
minimum Specified Denomination will be a USD amount
equal to the Final Redemption Amount as determined in
accordance with Term 17 above plus accrued and unpaid
interest, if any, as determined in accordance with Term 16
above; provided, that for purposes of such determination,
the "Rate Fixing Date" shall be the date that is five (5)
Business Days prior to the day on which the Early
Redemption Amount shall be due and payable.
GENERAL PROVISIONS APPLICABLE TO THE NOTES
19. Additional Definitions and Disruption
"Business Day" means a day (other than a Saturday or a
Provisions:
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 Jakarta, London and New York.
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"Calculation Agent" means Citibank, N.A., London
Branch, or its duly appointed successor.
"Jakarta 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 Jakarta.
"Rate Fixing Date" means the day that is five (5) Business
Days prior to each Interest Payment Date, the Maturity Date
or the date upon which the Notes become due and payable
as provided in Condition 9, as applicable (the "Scheduled
Rate Fixing Date"). If such Scheduled Rate Fixing Date
falls on an Unscheduled Holiday, the Rate Fixing Date shall
be the next following Business Day; provided, that if such
next following day that would have been a Business Day is
also an Unscheduled Holiday, then the Rate Fixing Date
shall be such second Unscheduled Holiday. If an
Unscheduled Holiday occurs between any Rate Fixing Date
and the relevant Interest Payment Date, the Maturity Date or
the date upon which the Notes become due and payable as
provided in Condition 9, as applicable, such Rate Fixing
Date shall not be subject to any postponement or
adjustment.
"Reference Rate" means, in respect of a Rate Fixing Date,
the IDR/USD weighted average spot rate in the interbank
market based on traded IDR/USD spot foreign exchange
transactions during a specified time period, which are
captured on a real time basis, expressed as the amount of
IDR per one USD, published by the Bank Sentral Republik
Indonesia ("Bank Indonesia") at approximately 10:00 a.m.,
Jakarta time on such Rate Fixing Date as the Jakarta
Interbank Spot Dollar Rate USD ­ IDR on Bank Indonesia's
website (www.bi.go.id) or otherwise made available by
Bank Indonesia (or its successor as administrator)
("IDR04"). IDR04 is currently published on the Thomson
Reuters Screen "JISDOR" page on the relevant Rate Fixing
Date.
If the Reference Rate cannot be determined in accordance
with the preceding paragraph on the relevant Rate Fixing
Date, the Reference Rate shall be the USD/IDR spot
exchange rate for such date expressed as the amount of IDR
per one USD, as published on the website of Singapore
Foreign Exchange Market Committee ("SFEMC")
(www.sfemc.org) at approximately 3:30 p.m., Singapore
time, or as soon thereafter as practicable, on such Rate
Fixing Date (the "SFEMC IDR Indicative Survey Rate"
or "IDR02"). The Reference Rate will be calculated by
SFEMC (or a service provider SFEMC may select in its sole
discretion) pursuant to the SFEMC IDR Indicative Survey
Rate Methodology (which means a methodology, dated as
of 1 December 2004, as amended from time to time, for a
centralised industry-wide survey of financial institutions
that are active participants in the IDR/USD markets for the
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purpose of determining the SFEMC IDR Indicative Survey
Rate).
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 IDR04 or
IDA02 is replaced by a successor price source for the
USD/IDR spot exchange rate in such Annex A to the FX
Definitions (the "Successor Price Source Definition"),
then the Reference Rate for the applicable Rate Fixing Date
will be determined in accordance with such Successor Price
Source Definition.
If it becomes impossible to obtain the Reference Rate on the
Relevant Fixing Date as outlined in the previous paragraphs,
then the Reference Rate shall be determined by the
Calculation Agent 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.
The Calculation Agent shall notify the Issuer as soon as
reasonably practicable that the Reference Rate is to be so
determined.
"Thomson Reuters Screen" means, when used in
connection with any designated page, the display page so
designated on the Thomson Reuters service.
"Unscheduled Holiday" means a day that is not a Jakarta
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 Jakarta, two Jakarta Business Days prior
to the relevant Rate Fixing Date.
20. Form of Notes (Condition 1(a)):
Registered Notes:

Global Registered Certificate available on the Issue Date
21. New Global Note:
No
22. Financial Centre(s) or other special
Jakarta, London and New York
provisions relating to payment dates
(Condition 7(h)):
23. Governing law (Condition 14):
English
24. 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")."
25. Additional risk factors:
An investment in the Notes is subject to the risks
described below, as well as the risks described under
"Risk Factors" in the Prospectus.
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Because the Notes are denominated in IDR but payable in
USD, the Noteholders will be exposed to currency exchange
rate risks with respect to such currencies. Changes in
exchange rates relating to any of the currencies involved
may result in a decrease in the effective yield of the Notes
and, in certain circumstances, could result in a loss of all or
a substantial portion of the principal of the Notes (including
the Final Redemption Amount). For example, if, on any
Rate Fixing Date, IDR has appreciated in value against
USD, the payment in USD will be higher. Conversely, a
depreciation in value of IDR against USD will have the
opposite impact. Furthermore, since the Noteholders will
receive payments on the Notes only on the Interest Payment
Dates (including the Maturity Date), the Noteholders will
not benefit from favourable changes in exchange rates at
any other time during the term of the Notes.
Exchange rate movements for a particular currency are
volatile and are the result of numerous factors. A
Noteholder's net exposure will depend on the extent to
which the payment currency (USD) strengthens or weakens
against the denominated currency (IDR).
In addition, Noteholders whose financial activities are
denominated principally in a currency (the "Investor's
Currency") other than any of the Specified Currencies will
also be exposed to currency exchange rate risks that are not
associated with a similar investment in a security
denominated or paid in that Investor's Currency. For more
information, please see "Risk FactorsNotes are subject to
exchange rate and exchange control risks if the investor's
currency is different from the Specified Currency" in the
Prospectus.
DISTRIBUTION
26. (i) If syndicated, names of
Not Applicable
Managers and underwriting
commitments:
(ii) Stabilizing Manager(s) (if any):
Not Applicable
27. If non-syndicated, name of Dealer:
The Toronto-Dominion Bank
28. Total commission and concession:
1.875 per cent. of the Aggregate Nominal Amount
29. Additional selling restrictions:
Not Applicable
30. MiFID II product governance / Retail
Directive 2014/65/EU (as amended, "MiFID II") product
investors, professional investors and
governance / Retail investors, professional investors and
ECPs target markets:
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, 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
manufacturers' target market assessment; however, a
5



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 provision, "manufacturer" means
the Dealer.
OPERATIONAL INFORMATION

31. ISIN Code:
XS2128389850
32. Common Code:
212838985
33. Delivery:
Delivery against payment
34. Registrar and Transfer Agent (if any):
Citibank, N.A., London Branch
35. Intended to be held in a manner which No
would allow Eurosystem eligibility:
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 24 September 2019.

USE OF PROCEEDS
Supporting sustainable development in IBRD's member countries
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 or programs). 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 five cross cutting themes into its lending activities helping its borrowing members create
sustainable development solutions: climate change; gender; jobs; public-private partnerships; 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 interest margin, equity contribution 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.
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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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