Bond IBRD-Global 5.3% ( XS2793246096 ) in USD

IBRD-Global

100 % ⇌

United States

XS2793246096 ( in USD )

5.3% per year ( payment time a year)

25/03/2029

Prospectus brochure of the bond IBRD XS2793246096 en USD 5.3%, maturity 25/03/2029

150 000 000 USD

25/03/2026 ( In 143 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 XS2793246096, pays a coupon of 5.3% per year.
The coupons are paid time per year and the Bond maturity is 25/03/2029

Final Terms dated 20 March 2024

International Bank for Reconstruction and Development

Issue of USD 150,000,000 Callable Step-Up Fixed Rate Notes due 25 March 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 24 September 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 / 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:
101947
(ii)
Tranche Number:
1
3.
Specified Currency or Currencies
United States Dollars ("USD")
(Condition 1(d)):
4.
Aggregate Nominal Amount:

(i)
Series:
USD 150,000,000
(ii)
Tranche:
USD 150,000,000
5.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount

(ii)
Net proceeds:
USD 150,000,000
6.
Specified Denominations
USD 100,000
(Condition 1(b)):
7.
Issue Date:
25 March 2024
8.
Maturity Date (Condition 6(a)):
25 March 2029
9.
Interest Basis (Condition 5):
Step-Up 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)):
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(i)
Rate(s) of Interest:
From and including the Issue Date to but excluding
25 March 2025: 4.90 per cent. per annum;

From and including 25 March 2025 to but excluding
25 March 2026: 5.00 per cent. per annum

From and including 25 March 2026 to but excluding
25 March 2027: 5.10 per cent. per annum

From and including 25 March 2027 to but excluding
25 March 2028: 5.20 per cent. per annum;

From and including 25 March 2028 to but excluding the
Maturity Date: 5.30 per cent. per annum

(ii)
Interest Payment Date(s):
25 March in each year, from and including 25 March 2025
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
25 March in each year, from and including 25 March 2025
Date(s):
to and including 25 March 2028

(ii)
Optional Redemption
USD 100,000 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 100,000 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
No
Safekeeping 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
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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: Natixis
27.
Total commission and concession:
Not Applicable
28.
Additional sel ing restrictions:
Not Applicable
29.
MiFID II product governance /
Directive 2014/65/EU (as amended, "MiFID II") product
Professional investors and ECPs
governance / Professional investors and ECPs only target
target market:
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 and
professional clients only, each as defined in MiFID II; 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 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 Term 29, "manufacturer" means
the Dealer.
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.
OPERATIONAL INFORMATION
30.
Legal Entity Identifier of the
ZTMSNXROF84AHWJNKQ93
Issuer:
31.
ISIN:
XS2793246096
32.
Common Code:
279324609
33.
Delivery:
Delivery versus payment
34.
Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
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35.
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
eligibility:
be 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 depend upon the ECB being satisfied that
Eurosystem eligibility criteria have been met.
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

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