Bond IBRD-Global 5.71% ( XS2859842036 ) in USD

IBRD-Global

100 % ▲

United States

XS2859842036 ( in USD )

5.71% per year ( payment 2 times a year)

18/07/2044

Prospectus brochure of the bond IBRD XS2859842036 en USD 5.71%, maturity 18/07/2044

18/01/2026 ( In 77 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 XS2859842036, pays a coupon of 5.71% per year.
The coupons are paid 2 times per year and the Bond maturity is 18/07/2044

EXECUTION VERSION
Final Terms dated July 15, 2024
International Bank for Reconstruction and Development

Issue of
USD 35,000,000 Callable Zero Coupon Notes due July 18, 2044

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 / 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:
102039
(ii)
Tranche number:
1
3.
Specified Currency or Currencies
United States Dollars ("USD")
(Condition 1(d)):
4.
Aggregate Nominal Amount

(i)
Series:
USD 35,000,000
(ii)
Tranche:
USD 35,000,000
5.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount
(ii)
Net proceeds:
USD 35,000,000
6.
Specified Denominations
USD 200,000
(Condition 1(b)):
7.
Issue Date:
July 18, 2024
8.
Maturity Date (Condition 6(a)):
July 18, 2044
9.
Interest basis (Condition 5):
Zero Coupon
(further particulars specified below)
10. Redemption/Payment basis
Each Note will be redeemed at its Optional Redemption
(Condition 6):
Amount, its Early Redemption Amount or its Final
Redemption Amount, as applicable.
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. Zero Coupon Note provisions
Applicable
(Condition 5(c)):
(i)
Amortization Yield
5.71 per cent. per annum
(Condition 6(c)(ii)):
(ii)
Day Count Fraction
30/360
(Condition 5(l)):
(iii)
Any other formula/basis of
Not Applicable
determining amount
payable:
PROVISIONS RELATING TO REDEMPTION
17. Call Option (Condition 6(d)):
Applicable
(i)
Optional Redemption
18 July of each year, from and including 18 July 2029 to and
Date(s):
including 18 July 2043

(ii)
Optional Redemption
The Optional Redemption Amount for each Optional
Amount(s) of each Note and
Redemption Date is set out opposite such date in the table
method, if any, of
below, expressed as a percentage of the Specified
calculation of such
Denomination, and payable on the applicable Optional
amount(s):
Redemption Date:

Optional
Optional Redemption
Redemption Date:
Amount expressed as a
percentage of the Specified
Denomination:

18 July 2029
132.00195525 per cent.

18 July 2030
139.53926689 per cent.

18 July 2031
147.50695903 per cent.

18 July 2032
155.92960639 per cent.

18 July 2033
164.83318692 per cent.

18 July 2034
174.24516189 per cent.

18 July 2035
184.19456063 per cent.

18 July 2036
194.71207005 per cent.

18 July 2037
205.83012924 per cent.

18 July 2038
217.58302962 per cent.

18 July 2039
230.00702062 per cent.

18 July 2040
243.14042149 per cent.

18 July 2041
257.02373956 per cent.

18 July 2042
271.69979509 per cent.

18 July 2043
287.21385339 per cent.

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(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
303.61376442 per cent. of the Aggregate Nominal Amount
Note (Condition 6):
(which, for the avoidance of doubt, equates to
USD 607,227.53 per Specified Denomination)
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 No
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:
Deutsche Bank Aktiengesellschaft
Taunusanlage 12
60325 Frankfurt am Main
Germany
27. Total commission and concession:
Not Applicable
28. Additional selling 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, a 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.

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For the purposes of Term 29, "manufacturer" means Deutsche
Bank Aktiengesellschaft.
IBRD does not fall under the scope of application of the
MiFID II package. 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 Issuer:
ZTMSNXROF84AHWJNKQ93
31. ISIN Code:
XS2859842036
32. Common Code:
285984203
33. Delivery:
Delivery versus payment
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
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 October 2, 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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