Obbligazione IBRD-Global 0% ( US45905UDD37 ) in USD

Emittente IBRD-Global
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US45905UDD37 ( in USD )
Tasso d'interesse 0%
Scadenza 13/08/2013 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD US45905UDD37 in USD 0%, scaduta


Importo minimo /
Importo totale 65 000 000 USD
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.

Il bond US45905UDD37 emesso dalla IBRD negli Stati Uniti, con valore nominale di 65.000.000 USD, tasso di interesse 0%, scadenza 13/08/2013 e frequenza di pagamento semestrale, è giunto a scadenza ed è stato rimborsato al 100%.











PRICING SUPPLEMENT



INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT

Global Debt Issuance Facility
No. 2638
US$65,000,000
Callable Floating Rate Range Notes
due August 13, 2013



Morgan Stanley

The date of this Pricing Supplement is August 8, 2003





This document ("Pricing Supplement") is issued to give details of an issue by International Bank
for Reconstruction and Development (the "Bank") under its Global Debt Issuance Facility.
This Pricing Supplement supplements the terms and conditions in, and incorporates by reference,
the Prospectus dated October 7, 1997, and all documents incorporated by reference therein (the
"Prospectus"), and should be read in conjunction with the Prospectus. Unless otherwise defined
in this Pricing Supplement, terms used herein have the same meaning as in the Prospectus.
Terms and Conditions
The following items under this heading "Terms and Conditions " are the particular terms which
relate to the issue the subject of this Pricing Supplement. These are the only terms which form part
of the form of Notes for such issue:
1
No.:
2638
2
Aggregate Principal Amount:
US$65,000,000
3
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount
4
Issue Date:
August 13, 2003
5
Form of Notes (Condition 1(a)):
Registered Notes only
6
Authorized Denominations
US$1,000 and increments of US$1,000
(Condition 1(b)):
thereafter
7
Specified Currency (Condition 1(d)):
United States dollars ("US$")
8
Maturity Date (Conditions 1(a) and 6(a)):
August 13, 2013
9
Interest Basis (Condition 5):
Variable Interest Rate (Condition 5(II))
10
Basis of Calculation of Variable Interest

Rate and Interest Payment Dates and
default interest where Condition 5(II)(b)(i)
to (vii), 5(II)(c), 5(II)(d) and 5(II)(e) do not
apply (Condition 5(II)(b)):
(a)
Calculation of Interest Amounts:
The Interest Amount per Authorized
Denomination shall be determined by the
Calculation Agent in accordance with the
following formula:
[Floating Rate + 3.10%] x (N/365) x
Authorized Denomination
Where:
"Floating Rate" is 3-month US$-LIBOR-BBA,
being the rate for deposits in US$ for a period
of three months which appears on the
Moneyline Telerate Page 3750 (or such other
page that may replace that page on that
service or a successor service) at 11.00 a.m.
London time on the day that is two Relevant
Business Days prior to the first day of the

1



Business Days prior to the first day of the
relevant Interest Period.
If such Floating Rate does not appear on the
Moneyline Telerate Page 3750 (or such other
page that may replace that page on that
service or a successor service) at the time
and day designated above in respect of the
relevant Interest Period, the Calculation Agent
shall determine the Floating Rate by
requesting the principal London office of each
of four major banks in the London Interbank
market to provide a quotation for the rate at
which deposits in US$ were offered to prime
banks in the London Interbank market for a
period of three months at approximately 11:00
a.m. London time on the day that is two
Relevant Business Days prior to the first day
of the relevant Interest Period in an amount
that is representative for a single transaction
in the London Interbank market at such time.
If at least two such quotations are provided,
the Floating Rate shall be the arithmetic
mean of such quotations. If fewer than two
quotations are provided as requested, the
Floating Rate shall be the arithmetic mean of
the rates quoted by major banks in New York
City, selected by the Calculation Agent, at
approximately 11:00 a.m., New York time, on
the first day of the relevant Interest Period for
loans in US$ to leading European banks for a
period of three months commencing on the
first day of the relevant Interest Period and in
an amount that is representative for a single
transaction in the New York market at such
time.
"N" is the total number of days in respect of
each relevant Interest Period on which the
Relevant Rate is within the Accrual Range as
determined by the Calculation Agent.

"Relevant Rate " for any day in the relevant
Interest Period means 3-month US$ LIBOR-
BBA, being the rate for deposits in US$ for a
period of three months which appears on the
Moneyline Telerate Page 3750 (or such other
page that may replace that page on that
service or a successor service) at 11.00 a.m.
London time on the fifth Relevant Business
Day prior to such day.
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2



Day prior to such day.
If such Relevant Rate does not appear on the
Moneyline Telerate Page 3750 (or such other
page that may replace that page on that
service or a successor service) at the time
and day designated above in respect of any
day in the relevant Interest Period, the
Calculation Agent shall determine the
Relevant Rate by requesting the principal
London office of each of four major banks in
the London Interbank market to provide a
quotation for the rate at which deposits in
US$ were offered to prime banks in the
London Interbank market for a period of three
months at approximately 11:00 a.m. London
time on the day that is five Relevant Business
Days prior to such day in an amount that is
representative for a single transaction in the
London Interbank market at such time. If at
least two such quotations are provided, the
Relevant Rate shall be the arithmetic mean of
such quotations. If fewer than two quotations
are provided as requested, the Relevant Rate
shall be the arithmetic mean of the rates
quoted by major banks in New York City,
selected by the Calculation Agent, at
approximately 11:00 a.m., New York time, on
such day for loans in US$ to leading
European banks for a period of three months
in an amount that is representative for a
single transaction in the New York market at
such time
"Accrual Range" means:
equal to or greater than zero per cent. but
less than or equal to 7.00 per cent.
Rounding
In applying the formula described above in
respect of the Interest Amount, the
Calculation Agent shall round the result of:
[Floating Rate + 3.10%] x (N/365)
to the nearest one-hundred thousandth of one
per cent. prior to multiplying that result by the
Authorized Denomination.

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3



(b)
Interest Payment Dates:
August 13, November 13, February 13 and

May 13 of each year commencing on
November 13, 2003 and ending on the
Maturity Date
(c)
Calculation Agent:
Citibank, N.A.
11
Relevant Financial Centre:
New York
12
Payments on Business Days
If any Interest Payment Date in respect of the
Notes falls on a day that is not a Relevant
Business Day, the provisions of Condition
7(c)(iii) shall be deemed to apply to the Notes
as if such Notes were Bearer Notes
13
Relevant Business Day:
New York and London
14
Issuer's Optional Redemption
Yes
(Condition 6(e)):
(a)
Notice Period:
Not less than 10 Relevant Business Days
(b)
Amount:
All and not less than all
(c)
Date(s):
February 13 and August 13 of each year, from
and including August 13, 2004 to and
including February 13, 2013
(d)
Early Redemption Amount (Bank): Principal amount of the Notes to be
redeemed
(e)
Notices:
As long as the Notes are represented by a
DTC Global Note and the DTC Global Note is
being held on behalf of a clearing system,
notwithstanding Condition 13, notices to
Noteholders may be given by delivery of the
relevant notice to that clearing system for
communication by it to entitled
accountholders, provided that so long as the
Notes are listed on the Luxembourg Stock
Exchange, and the rules of the exchange so
require, notice shall be published in a leading
daily newspaper in either the French or
German language and of general circulation
in Luxembourg

Any notice delivered to a clearing system in
accordance with the preceding sentence shall
be deemed to have been given to the
Noteholders on the day on which such notice
is delivered to the clearing system
A03309440/1.0/08 Aug 2003
4



15
Redemption at the option of the
No
Noteholders (Condition 6(f)):
16
Long Maturity Note (Condition 7(f)):
No
17
Talons for Future Coupons to be attached No
to Definitive Bearer Notes (Condition
7(h)):
18
Early Redemption Amount (including Principal amount of the Notes to be
accrued interest, if applicable) (Condition redeemed plus accrued interest thereon
9):
19
Governing Law of the Notes:
English


Other Relevant Terms
1
Listing (if yes, specify Stock Exchange Luxembourg Stock Exchange
Exchange):
2
Details of Clearance System approved by DTC, Clearstream Banking, société anonyme
the Bank and the Global Agent and and Euroclear Bank S.A./N.V., as operator of
Clearance and Settlement Procedures:
the Euroclear System. Payment for the Notes
will be o n a delivery versus payment basis
3
Syndicated:
No
4
Commissions and Concessions:
None
5
Codes:

(a)
CUSIP
45905UDD3
(b)
ISIN
US45905UDD37
(c)
Common Code
017375385
6
Identity of Dealer(s)/Manager(s):
Morgan Stanley & Co. International Limited
7
Provisions for Registered Notes:

(a)
Individual Definitive Registered No. Interests in the DTC Global Note will be
Notes Available on Issue Date:
exchangeable for Definitive Registered Notes
only in the limited circumstances described in
the Prospectus
(b)
DTC Global Note(s):
Yes; one
(c)
Other Registered Global Notes:
No


General Information
The Bank's latest Information Statement was issued on September 17, 2002
The following additional selling restrictions shall apply to the issue:
A03309440/1.0/08 Aug 2003
5



United Kingdom:
Each Dealer is required to comply with all
applicable provisions of the Financial Services
and Markets Act 2000 with respect to anything
done by it in relation to the Notes in, from or
otherwise involving the United Kingdom

INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPMENT
By:
Authorized Officer

A03309440/1.0/08 Aug 2003
6



INTERNATIONAL BANK FOR
RECONSTRUCTION AND DEVELOPMENT
1818 H Street, NW
Washington, D.C. 20433

GLOBAL AGENT
Citibank, N.A.
P.O. Box 18055
5 Carmelite Street
London EC4Y 0PA

CALCULATION AGENT
Citibank, N.A.
P.O. Box 18055
5 Carmelite Street
London EC4Y 0PA

LISTING AND SPECIAL AGENT
AND PAYING AGENT
BNP Paribas Securities Services
23, Avenue de la Porte-Neuve
L-2085 Luxembourg

LEGAL ADVISERS TO THE MANAGER
Linklaters
One Silk Street
London EC2Y 8HQ



A03309440/1.0/08 Aug 2003
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