Bond IBRD-Global 6.8% ( XS2439224374 ) in ZAR

Issuer IBRD-Global
Market price refresh price now   100 %  ▲ 
Country  United States
ISIN code  XS2439224374 ( in ZAR )
Interest rate 6.8% per year ( payment 1 time a year)
Maturity 08/02/2029



Prospectus brochure of the bond IBRD XS2439224374 en ZAR 6.8%, maturity 08/02/2029


Minimal amount 20 000 ZAR
Total amount 800 000 000 ZAR
Next Coupon 09/02/2026 ( In 99 days )
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 ZAR, with the ISIN code XS2439224374, pays a coupon of 6.8% per year.
The coupons are paid 1 time per year and the Bond maturity is 08/02/2029







Final Terms dated February 4, 2022

International Bank for Reconstruction and Development

Issue of ZAR 800,000,000 6.75 per cent. Notes due February 9, 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 / Retail investors, 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:
101504
(ii)
Tranche number:
1
3. Specified Currency or Currencies
South African Rand ("ZAR")
(Condition 1(d)):
4. Aggregate Nominal Amount

(i)
Series:
ZAR 800,000,000
(ii)
Tranche:
ZAR 800,000,000
5. (i)
Issue Price:
97.592 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
ZAR 780,736,000
6. Specified Denominations
ZAR 20,000
(Condition 1(b)):
7. Issue Date:
February 9, 2022
8. Maturity Date (Condition 6(a)):
February 9, 2029
9. Interest basis (Condition 5):
6.75 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:
6.75 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
February 9 in each year, from and including February 9, 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:
J.P. Morgan Securities 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
Retail investors, professional
law by virtue of the European Union (Withdrawal) Act
investors and ECPs target market:
2018 ("UK MiFIR") product governance / Retail investors,
professional investors and 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 (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 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:
XS2439224374
31. Common Code:
243922437
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
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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.
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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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Document Outline