Bond IBRD-Global 3.1% ( XS2611177382 ) in EUR

IBRD-Global

100 % ⇌

United States

XS2611177382 ( in EUR )

3.1% per year ( payment 1 time a year)

14/04/2038 - Bond has expired

Prospectus brochure of the bond IBRD XS2611177382 in EUR 3.1%, expired

1 000 EUR

2 000 000 000 EUR

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.

IBRD's EUR 2,000,000,000 3.1% bond (ISIN: XS2611177382), issued in the United States, with a minimum denomination of EUR 1,000, maturing on April 14, 2038, and paying interest annually, has reached maturity and been repaid at 100% of face value.

Final Terms dated 11 April 2023
International Bank for Reconstruction and Development

Issue of EUR 2,000,000,000 3.100 per cent. Notes due 14 April 2038

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:
101700
(ii)
Tranche number:
1
3. Specified Currency or Currencies
Euro ("EUR")
(Condition 1(d)):
4. Aggregate Nominal Amount

(i)
Series:
EUR 2,000,000,000
(ii)
Tranche:
EUR 2,000,000,000
5. (i)
Issue Price:
99.645 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
EUR 1,988,900,000
6. Specified Denominations
EUR 1,000
(Condition 1(b)):
7. Issue Date:
14 April 2023
8. Maturity Date (Condition 6(a)):
14 April 2038
9. Interest basis (Condition 5):
3.100 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
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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note provisions
Applicable
(Condition 5(a)):
(i)
Rate of Interest:
3.100 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
14 April in each year, from and including 14 April 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 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
EUR 1,000 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 Safekeeping Yes New Safekeeping Structure
Structure:
21. Financial Centre(s) or other special
London, New York and TARGET Business Day
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
BNP Paribas
EUR 500,000,000
Managers and underwriting
EUR 500,000,000
commitments:
Crédit Agricole Corporate
and Investment Bank
DZ BANK AG Deutsche
EUR 500,000,000
Zentral-Genossenschaftsbank,
Frankfurt am Main
NatWest Markets Plc
EUR 500,000,000
(ii)
Stabilizing Manager(s) (if
DZ BANK AG Deutsche Zentral-Genossenschaftsbank,
any):
Frankfurt am Main
25. If non-syndicated, name of Dealer:
Not Applicable
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26. Total commission and concession:
0.200 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
investors and ECPs target market:
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, 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, 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
manufacturers' target market assessment) and determining
appropriate distribution channels.
For the purposes of this Term 28, "manufacturer" means
Crédit Agricole Corporate and Investment Bank and DZ
BANK
AG Deutsche Zentral-Genossenschaftsbank,
Frankfurt am Main.
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 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 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
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 manufacturers'
target market assessment) and determining appropriate
3

distribution channels.
For the purposes of this Term 29, "manufacturer" means
BNP Paribas and NatWest Markets Plc.
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
30. Legal Entity Identifier of the Issuer:
ZTMSNXROF84AHWJNKQ93
31. ISIN Code:
XS2611177382
32. Common Code:
261117738
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
Yes. Note that the designation "yes" means that the Notes are
which would allow Eurosystem
intended upon issue to be deposited with one of the ICSDs as
eligibility:
common safekeeper or registered in the name of a nominee
of one of the ICSDs acting as common safekeeper, and does
not necessarily mean that the Notes will be recognized as
eligible collateral for Eurosystem monetary policy and intra-
day credit operations by the Eurosystem either upon issue or
at any or all times during their life. Such recognition will
depend upon satisfaction of the Eurosystem eligibility
criteria.
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 21 September 2022.

SUPPLEMENTAL PROSPECTUS INFORMATION
The Prospectus is hereby supplemented with the following information, which shall be deemed to be
incorporated in, and to form part of, the Prospectus.
Recent Developments
On April 6, 2023, the Board of Executive Directors approved a reduction in IBRD's capital adequacy
policy minimum Equity-to-Loans (E/L) ratio from current 20% to 19%, effective immediately.
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

#4">SUPPLEMENTAL PROSPECTUS INFORMATION