Bond IBRD-Global 5.48% ( XS2719292851 ) in USD

IBRD-Global

100 % ▲

United States

XS2719292851 ( in USD )

5.48% per year ( payment 2 times a year)

20/11/2043

Prospectus brochure of the bond IBRD XS2719292851 en USD 5.48%, maturity 20/11/2043

20/11/2025 ( In 18 days )

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 USD, with the ISIN code XS2719292851, pays a coupon of 5.48% per year.
The coupons are paid 2 times per year and the Bond maturity is 20/11/2043

Final Terms dated 15 November 2023
International Bank for Reconstruction and Development
Issue of USD 30,000,000 Callable 5.48 per cent. Notes due 20 November 2043
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 29 below.
SUMMARY OF THE NOTES
1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i)
Series number:
101851
(ii)
Tranche number:
1
3.
Specified Currency or Currencies
United States Dollars ("USD")
(Condition 1(d)):
4.
Aggregate Nominal Amount
(i)
Series:
USD 30,000,000
(ii)
Tranche:
USD 30,000,000
5.
(i)
Issue Price:
100 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
USD 30,000,000
6.
Specified Denominations (Condition
USD 50,000
1(b)):
7.
Issue Date:
20 November 2023
8.
Maturity Date (Condition 6(a)):
20 November 2043
9.
Interest basis (Condition 5):
5.48 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):
Call Option
(further particulars specified below)
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:
5.48 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date(s):
20 November in each year, from and including 20 November
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
30/360
(Condition 5(l)):
(vi)
Other terms relating to the
Not Applicable
method of calculating
interest for Fixed Rate
Notes:
PROVISIONS RELATING TO REDEMPTION
17.
Call Option (Condition 6(d)):
Applicable
(i)
Optional Redemption
20 November in each year, from and including 20 November
Date(s):
2029 to and including 20 November 2042
(ii)
Optional Redemption
USD 50,000 per Specified Denomination
Amount(s) of each Note and
method, if any, of
calculation of such
amount(s):
(iii)
Notice period:
Not less than five (5) London and New York Business Days
prior to the relevant Optional Redemption Date
18.
Final Redemption Amount of each
USD 50,000 per Specified Denomination
Note (Condition 6):
19.
Early Redemption Amount
As set out in the Conditions
(Condition 6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
20.
Form of Notes (Condition 1(a)):
Registered Notes:
Global Registered Certificate available on Issue Date
21.
New Global Note / New Safekeeping Yes - New Safekeeping Structure
Structure:
22.
Financial Centre(s) or other special
London and New York
provisions relating to payment dates
(Condition 7(h)):
23.
Governing law (Condition 14):
English
24.
Other final terms:
Not Applicable

DISTRIBUTION
25.
(i)
If syndicated, names of
Not Applicable
Managers and underwriting
commitments:
(ii)
Stabilizing Manager(s) (if
Not Applicable
any):
26.
If non-syndicated, name of Dealer:
Morgan Stanley & Co. International plc
27.
Total commission and concession:
Not Applicable
28.
Additional selling restrictions:
Not Applicable
29.
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 29, "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
30.
Legal Entity Identifier of the Issuer:
ZTMSNXROF84AHWJNKQ93
31.
ISIN Code:
XS2719292851
32.
Common Code:
271929285
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
which would allow Eurosystem
are intended upon issue to be deposited with one of the
eligibility:
ICSDs as 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 2 October 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