Obbligazione IBRD-Global 4.5% ( NZIBDDT004C3 ) in NZD

Emittente IBRD-Global
Prezzo di mercato 100 NZD  ⇌ 
Paese  Stati Uniti
Codice isin  NZIBDDT004C3 ( in NZD )
Tasso d'interesse 4.5% per anno ( pagato 1 volta l'anno)
Scadenza 16/08/2016 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD NZIBDDT004C3 in NZD 4.5%, scaduta


Importo minimo /
Importo totale 300 000 000 NZD
Descrizione dettagliata La Banca Internazionale per la Ricostruzione e lo Sviluppo (IBRD), parte del Gruppo Banca Mondiale, fornisce prestiti a tassi agevolati a paesi a medio reddito per progetti di sviluppo.

The Obbligazione issued by IBRD-Global ( United States ) , in NZD, with the ISIN code NZIBDDT004C3, pays a coupon of 4.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 16/08/2016







Final Terms dated August 15, 2011
International Bank for Reconstruction and Development

Issue of NZ$300,000,000 4.50 per cent. Notes due August 16, 2016

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 May 28, 2008. This document
constitutes the Final Terms of the Notes described herein and must be read in conjunction with
such Prospectus.
SUMMARY OF THE NOTES
1. Issuer:
International Bank for Reconstruction and Development
("IBRD")
2. (i) Series Number:
10640
(ii) Tranche Number:
1


3. Specified Currency or Currencies
New Zealand dollars ("NZ$")
(Condition 1(d)):
4. Aggregate Nominal Amount:

(i) Series:
NZ$300,000,000
(ii) Tranche:
NZ$300,000,000


5. (i) Issue Price:
NZ$298,766,148.00 (equal to 99.588716 per cent. of the
Aggregate Nominal Amount)

(ii) Net Proceeds:
NZ$298,369,401.00
6. (i) Specified Denominations
Minimum denominations of (a) outside New Zealand,

(Condition 1(b)):
NZ$1,000 and integral multiples thereof, and (b) within
New Zealand, NZ$100,000 and multiples of NZ$1,000

thereafter
Also see additional selling restrictions in Term 24 below
(ii) Calculation Amount
NZ$1,000

(Condition 5(j)):
7. Issue Date:
August 16, 2011
8. Maturity Date (Condition 6(a)):
August 16, 2016
9. Interest Basis (Condition 5):
Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
Redemption at par
(Condition 6):

11. Status of the Notes (Condition 3):
Unsecured and unsubordinated
12. Listing:
Luxembourg Stock Exchange
13. Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST PAYABLE
14. Fixed Rate Note Provisions
Applicable
1


(Condition 5(a)):
(i) Rate of Interest:
4.50 per cent. per annum payable semi-annually in arrears
(ii) Interest Payment Date(s):
February 16 and August 16 in each year, beginning February

16, 2012, up to and including the Maturity Date, not
adjusted
(iii) Broken Amount:
Not applicable
(iv) Day Count Fraction
RBNZ Bond Basis (i.e., one divided by the number of

(Condition 5(l)):
Interest Payment Dates in each 12 month period)
(v) Other terms relating to the
Not applicable
method of calculating
interest for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
15. Final Redemption Amount of each 100 per cent. of the Calculation Amount
Note (Condition 6):
16. Early Redemption Amount
100 per cent. of the Calculation Amount
(Condition 6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
17. Form of Notes (Condition 1(a)):
Registered Notes

The holders of the Notes are entitled to the benefit of, and
are bound by and are deemed to have notice of, the
provisions of the deed poll executed by IBRD on July 24,
2007 ("Deed Poll") constituting the Notes and to which
these Final Terms are attached. These Final Terms are a
Pricing Supplement (as defined in the Deed Poll) for the
purposes of the Deed Poll. The Notes will be Registered
Notes for the purposes of the Terms and Conditions (as
defined in the Deed Poll). A copy of the Deed Poll may be
inspected, without charge, at the offices of the Registrar.
The Registrar will hold the original Deed Poll.
18. New Global Note:
No
19. Financial Centre(s) or other special Auckland, Wellington and New York
provisions relating to payment
dates (Condition 7(h)):
20. Governing law (Condition 14):
New Zealand
21. Other final terms:
See the Appendix attached for additional Terms governing
the Notes
DISTRIBUTION
22. If syndicated, names of Managers
ANZ National Bank Limited NZ$150,000,000.00
and commitments:
The Toronto-Dominion Bank NZ$150,000,000.00

23. Total commission and concession:
NZ$396,747.00
24. Additional selling restrictions:
New Zealand
The Notes shall not be offered for sale to the public in New
Zealand in breach of the Securities Act 1978 or the
Securities Regulations 2009 of New Zealand. In particular,
but without limitation, Notes may only be offered or
transferred either:
(a)
to persons whose principal business is the
2


investment of money or to persons who, in the
course of and for the purposes of their business,
habitually invest money within the meaning of
section 3(2)(a)(ii) of the Securities Act 1978; or
(b)
to persons who are each required to pay a minimum
subscription price of at least NZ$500,000 for the
Notes (disregarding any amount lent by the offeror,
IBRD or any associated person of the offeror or
IBRD) before the allotment of those Notes.
In addition, each Manager has agreed that it will not
distribute the Prospectus, the Standard Provisions, any final
terms, any other offering memorandum or document or any
advertisement in relation to any offer of the Notes in New
Zealand other than:
(a)
to persons whose principal business is the
investment of money or who, in the course of and
for the purposes of their business, habitually invest
money within the meaning of section 3(2)(a)(ii) of
the Securities Act 1978; or

(b)
in other circumstances where there is no
contravention of the Securities Act 1978 of New
Zealand.
OPERATIONAL INFORMATION

25. ISIN Code:
NZIBDDT004C3
26. Common Code:
065956039
27. Any clearing system(s) other than
The Issuer has applied to the Reserve Bank of New Zealand
Euroclear Bank S.A./N.V.,
("RBNZ") for approval for the Notes to be traded on the
Clearstream Banking, société
settlement system operated by RBNZ ("NZClear System").
anonyme and The Depository Trust Such approval by RBNZ is not a recommendation or
Company and the relevant
endorsement by RBNZ of the Notes.
identification number(s):

Notes may only be held through the NZClear System.
However, on admission to the NZClear System, interests in
the Notes may also be held through Euroclear Bank
S.A./N.V. as operator of the Euroclear System
("Euroclear") or Clearstream Banking, société anonyme
("Clearstream, Luxembourg"). In these circumstances,
entitlements in respect of holdings of interests in the Notes
in Euroclear or Clearstream Luxembourg would be held in
the NZClear System by the nominee for the relevant
clearance system.
The rights of a holder of interests in Notes held through
Euroclear, Clearstream, Luxembourg or the NZClear
System are subject to the respective rules and regulations for
accountholders of Euroclear, Clearstream, Luxembourg, or
the NZClear System, as the case may be.
28. Delivery:
Delivery versus Payment
29. Registrar and Transfer Agent (if
Computershare Investor Services Limited
any):
Level 2, 159 Hurstmere Road
Takapuna
3


Auckland 0622
Private Bag 92119
Auckland 1142

GENERAL INFORMATION
IBRD's most recent Information Statement was issued on September 22, 2010
New Zealand Taxation
The following is a summary of the New Zealand withholding tax treatment at the date of these
Final Terms of payments of principal and interest on the Notes. This summary addresses the New
Zealand withholding tax treatment of Noteholders. It does not address all New Zealand tax issues
(including income tax issues) which may be relevant to Noteholders.
Prospective Noteholders (including prospective holders of a beneficial interest in a Note) should
seek independent advice on the New Zealand tax implications applicable to them.
Under New Zealand laws currently in effect:
1
IBRD enjoys certain exemptions from New Zealand tax under the International Finance
Agreements Act 1961 and the Income Tax Act 2007. As a result, IBRD is not required to
deduct non-resident withholding tax from interest paid in respect of the Notes where the
beneficial owner of the Note is a non-resident of New Zealand and does not carry on
business through a fixed establishment in New Zealand.
IBRD is exempt from the requirement to deduct resident withholding tax ("RWT") from
interest paid in respect of a Note to a New Zealand resident beneficial owner (or a non-
resident beneficial owner engaged in business in New Zealand through a fixed
establishment in New Zealand). However, it is possible that the Registrar or a person
holding a Note for such a beneficial owner might have an obligation to deduct RWT
unless the beneficial owner has a valid certificate of exemption from RWT rules and has
submitted a copy of that certificate to such person.
2
Neither the issue nor receipt of a Note will give rise to any goods and services tax liability
in New Zealand.
3
New Zealand does not have a stamp duty regime.
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.
4


RESPONSIBILITY
IBRD accepts responsibility for the information contained in these Final Terms.
Signed on behalf of IBRD:
By: ..........................................................

Name:
Title:

Duly authorized

5


APPENDIX TO FINAL TERMS
This is an Appendix to the Final Terms dated August 15, 2011 relating to the issue of
NZ$300,000,000 4.50 per cent. Notes due August 16, 2016 by the International Bank for
Reconstruction and Development and the following provisions amend, supplement,
vary and/or substitute the terms and conditions applicable to the Notes set out in the
Prospectus dated May 28, 2008 incorporated in these Final Terms (the "Conditions").
1
Condition 1
Form, Denomination, Title and Specified Currency
1.1
The Notes are debt obligations of IBRD owing under the Deed Poll and take the
form of entries in the Register. Each entry in the Register constitutes a separate
and individual acknowledgment to the relevant Noteholder of the indebtedness of
IBRD to the relevant Noteholder.
1.2
No certificate or other evidence of title will be issued by or on behalf of IBRD to
evidence title to a Note unless IBRD determines that evidence should be made
available or it is required to do so pursuant to any applicable law or regulation.
1.3
The following provision in Condition 1(a) shall not apply to the Notes:
"Registered Notes are represented by registered certificates
("Certificates") in global and/or definitive form. Except as provided in
Condition 2(c), one Certificate (including Certificates in global form)
representing the aggregate nominal amount of Registered Notes held by
the same holder will be issued to such holder, unless more than one
Certificate is required for clearance and settlement purposes. Each
Registered Note will be numbered serially with an identifying number
which will be recorded in the register (the "Register") kept by the
Registrar."
1.4
No Note will be registered in the name of more than four persons. A Note
registered in the name of more than one person is held by those persons as joint
tenants. Notes will be registered by name only without reference to any
trusteeship. The person registered in the Register as a Noteholder of a Note will
be treated by IBRD and the Registrar as absolute owner of that Note and neither
IBRD nor the Registrar is, except as ordered by a court or as required by statute,
obliged to take notice of any other claim to a Note.
1.5
In substitution for Condition 1(c)(i), the following shall apply to the Notes:
"Title to Registered Notes shall pass by registration in the Register in
accordance with the provisions of the Deed Poll and the Registrar and
Paying Agency Agreement or otherwise in accordance with applicable
law."
6


2
Condition 2
Transfers
2.1
Condition 2(a)(i) shall be replaced by the following:
"Subject to Condition 2(g), the Notes may be transferred in whole but not
in part. The Notes will be transferable by duly completed transfer and
acceptance forms in the form specified by, and obtainable from, the
Registrar or by any other manner approved by IBRD and the Registrar.
Holdings of interests in the Notes will be transferable only in accordance
with the respective rules of the NZClear System, Euroclear or Clearstream
Luxembourg, as the case may be.
Notes or interests in the Notes may only be transferred within, to or from
New Zealand if (a) the aggregate consideration payable by the transferee
at the time of transfer is at least NZ$500,000 (disregarding moneys lent
by the transferor or its associates) or the offer or invitation giving rise to
the transfer otherwise does not require disclosure to investors in
accordance with the Securities Act 1978 (New Zealand), (b) the transfer is
in compliance with all applicable laws, regulations or directives
(including, without limitation, in the case of a transfer to or from New
Zealand, the laws of the jurisdiction in which the transfer takes place), and
(c) in the case of a transfer between persons outside New Zealand, if a
transfer and acceptance form is signed outside New Zealand.
A transfer to an unincorporated association is not permitted."
2.2
Condition 2(e) and Condition 2(f) shall not apply to the Notes.
2.3
In Condition 2(g), replace "15" with "9 calendar".
3
Condition 3
No amendments.
4
Condition 4
Negative Pledge
In Condition 4, replace the words "Global Agent or the Fiscal Agent, as the case
may be," with "Registrar".
5
Condition 5
No amendments.
6
Condition 6

Redemption, Purchase and Options

Condition 6(h) shall be replaced by the following:
7



"All Notes purchased by or on behalf of IBRD may be cancelled. Any
Notes so cancelled may not be reissued or resold and the obligations of
IBRD in respect of any such Notes shall be discharged."
7
Condition 7
Payments
7.1
Condition 7(a) shall be replaced by the following:
"The Registrar will act (through its office in Auckland) as principal
paying agent for the Notes pursuant to the Registrar and Paying Agency
Agreement (as defined below).
Payments of principal and interest will be made to the Noteholder as at
5:00 p.m., Auckland time, on the Interest Payment Date for the relevant
payment to the bank account or address stated in the Register on the
relevant Record Date to the persons registered as Noteholder at the close
of business on that date, notwithstanding any notice IBRD or the Registrar
may have of any subsequent transfer. Such payments will be made by
direct credit to an account in New Zealand notified to the Registrar prior
to the relevant Record Date or otherwise by cheque dispatched by post on
the relevant payment day at the risk of the Noteholder. Payments to
persons holding interests in the Notes through the NZClear System,
Euroclear or Clearstream, Luxembourg, will be made in accordance with
the rules and operating procedures of the relevant system.
Payment by IBRD to the Registrar discharges the obligation of IBRD in
respect of the relevant amounts.
However, in paying such interest to Noteholders, the Registrar is acting as
trustee for the Noteholders and not as agent for the Issuer, and so may be
required by law to deduct resident withholding tax as set forth under
"General Information" of the Final Terms.
7.2
Paragraph (iii) of Condition 7(e) shall not apply to the Notes.
8
Condition 8
No amendments.
9
Condition 9
No amendments.
10
Condition 10
Replacement of Notes, Certificates, Receipts, Coupons and Talons
Condition 10 shall not apply to the Notes.
11
Condition 11
No amendments.
8


12
Condition 12
Notices
Condition 12 shall be replaced by the following:
"Notices to holders of Notes will be mailed to them at their respective
address in the Register.
Notices regarding the Notes may also be published in a leading daily
newspaper of general circulation in New Zealand. It is expected that such
notices will normally be published in the New Zealand Herald.
Notwithstanding this Condition 12, notices to persons holding Notes in
the NZClear System may be given by delivery of the relevant notice to the
operator of the NZClear System for communication by it to entitled
account holders. Any notice delivered to the operator of the NZClear
System in accordance with this provision shall be deemed to have been
given to the Noteholders on the day on which such notice is delivered that
operator."
13
Condition 13
No amendments.
14
Condition 14
Governing Law, Jurisdiction and Service of Process
Condition 14 shall be replaced by the following:

"IBRD irrevocably and unconditionally submits to the non-exclusive
jurisdiction of the courts of New Zealand and courts of appeal from them.

For so long as any of the Notes are outstanding, IBRD will ensure that
there is an agent appointed to accept service of process on its behalf in
New Zealand in respect of any legal action or proceedings as may be
brought in the courts of New Zealand.
The agent initially appointed by IBRD in New Zealand is Bell Gully, 171
Featherston Street, Wellington 6140, New Zealand."
15
Condition 15
Taxation Residency of Noteholders
A new Condition 15 shall be inserted as follows:
"Each Noteholder shall give written notice to the Registrar of its country
of residency for taxation purposes and, if not resident in New Zealand for
taxation purposes, of whether the Noteholder is engaged in business in
New Zealand through a branch or other fixed establishment (as that term
is defined in the New Zealand Income Tax Act 2007 including all
9


amendments and replacements whether by subsequent statute or
otherwise) in New Zealand."
Definitions
The following terms have these meanings in this Appendix to the Final Terms.
NZClear System means the NZClear New Zealand System (formerly known as the
Austraclear New Zealand System) operated by the Reserve Bank of New Zealand for
holding securities and the electronic recording and settling of transactions in those
securities between members of that system.
Record Date means, in the case of payments of principal or interest, the close of business
in Auckland on the date falling 10 calendar days before each Interest Payment Date and
the Maturity Date (as the case may be).
Registrar and Paying Agency Agreement means the registrar and paying agency
agreement between IBRD and the Registrar dated June 9, 2008.
10