Obbligazione IBRD-Global 1% ( XS1039633620 ) in GBP

Emittente IBRD-Global
Prezzo di mercato 100 GBP  ⇌ 
Paese  Stati Uniti
Codice isin  XS1039633620 ( in GBP )
Tasso d'interesse 1% per anno ( pagato 1 volta l'anno)
Scadenza 28/12/2016 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione IBRD XS1039633620 in GBP 1%, scaduta


Importo minimo /
Importo totale 250 000 000 GBP
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 GBP, with the ISIN code XS1039633620, pays a coupon of 1% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 28/12/2016










Final Terms dated 25 February 2014

International Bank for Reconstruction and Development

Issue of GBP 250,000,000 1.00 per cent. Notes due 28 December 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:
11047
(ii) Tranche Number:
1
3. Specified Currency or Currencies
Sterling ("GBP").
(Condition 1(d)):
4. Aggregate Nominal Amount:

(i) Series:
GBP 250,000,000
(ii) Tranche:
GBP 250,000,000
5. (i) Issue Price:
99.721 per cent. of the Aggregate Nominal Amount
(ii) Net Proceeds
GBP 249,052,500
6. Specified Denominations
GBP 1,000
(Condition 1(b)):
7. Issue Date:
28 February 2014
8. Maturity Date (Condition 6(a)):
28 December 2016
9. Interest Basis (Condition 5):
1.00 per cent. Fixed Rate
(further particulars specified below in Term 16).
10. Redemption/Payment Basis (Condition 6): Redemption at par.
11. Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Call/Put Options (Condition 6):
None
13. Status of the Notes (Condition 3):
Unsecured and unsubordinated.
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i) Rate of Interest:
1.00 per cent. per annum payable annually in arrear
(ii) Interest Payment Date:
28 December in each year, commencing 28 December 2014
to and including the Maturity Date
(iii) Fixed Coupon Amount:
GBP 10.00 per Specified Denomination






(iv) Broken Amount(s):
GBP 8.33 per Specified Denomination payable on 28
December 2014
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Other terms relating to the method of Not Applicable
calculating interest for Fixed Rate
Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each Note
GBP 1,000 per Specified Denomination
(Condition 6):
18. Early Redemption Amount (Condition
As set out in the Conditions.
6(c)):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
19. Form of Notes (Condition 1(a)):
Registered Notes

Global Registered Certificate available on Issue Date
20. New Global Note:
No
21. Financial Centre(s) or other special
London and New York
provisions relating to payment dates
(Condition 7(h)):
22. Governing law (Condition 14):
English
23. Other final terms:
Not Applicable
DISTRIBUTION
24. (i) If syndicated, names of Managers and Credit Suisse Securities (Europe) Limited GBP 83,334,000
underwriting commitments:
Deutsche Bank AG, London Branch GBP 83,333,000
The Royal Bank of Scotland plc GBP 83,333,000
(ii) Stabilizing Manager(s) (if any):
Not Applicable
25. If non-syndicated, name of Dealer:
Not Applicable
26. Total commission and concession:
Combined management and underwriting commission of
0.10 per cent. of the Aggregate Nominal Amount
27. Additional selling restrictions:
Not Applicable
OPERATIONAL INFORMATION

28. ISIN Code:
XS1039633620
29. Common Code:
103963362
30. Delivery:
Delivery against payment.
31. Registrar and Transfer Agent (if any):
Citibank, N.A., London Branch.
32. Intended to be held in a manner which
No
would allow Eurosystem eligibility:
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 18 September 2013.








SUPPLEMENTAL PROSPECTUS INFORMATION
The Prospectus is hereby supplemented with the following information, which shall be deemed to be
incorporated in, and to form part of, the Prospectus.

The Executive Directors of IBRD approved two Management proposals on February 11, 2014.

The Executive Directors approved a package of measures designed to enhance IBRD's financial capacity
to meet borrowing country needs, comprised of the following four elements:

· IBRD's target minimum equity-to-loans ratio was revised from 23 percent to 20 percent, reflecting
improvement in IBRD's portfolio credit quality since the previous target was adopted in 2008; as of
December 31, 2013, IBRD's equity-to-loans ratio was 25.8 percent;
· IBRD's Single Borrower Limit (SBL) was increased to $20 billion for India and $19 billion for other SBL-
eligible borrowing countries, with a surcharge of 50 basis points per annum on loan balances in excess of
the previous SBL ($17.5 billion for India and $16.5 billion for other SBL-eligible borrowing countries) in
order to help support the increase in the SBL;
· Commitment fees of 25 basis points per annum on undisbursed balances on IBRD loans will be restored,
effective July 1, 2014; and
· The maximum maturity for most IBRD loans and guarantees will be extended from the current limits of 30
years final/18 years average to 35 years final/20 years average, with the application of a revised maturity
premium schedule, effective July 1, 2014; the maturity premium charges will increase, with the starting
point for these charges starting at 8 years average maturity rather than the prior level of 12 years average
maturity.

The Executive Directors also approved a new Equity Management Framework (EMF), which shares the
same objective as the equity duration extension strategy approved in 2007 - namely, to reduce the sensitivity of
IBRD's equity income to fluctuations in short-term interest rates. The EMF provides more flexibility to
manage equity income. In particular, the EMF allows for the possibility of shortening the duration of IBRD's
equity, when warranted by market and macroeconomic conditions, whereas the equity duration extension
strategy required that duration be maintained within a range of 4 to 5 years. The EMF also provides for a
wider variety of tools and strategies for managing equity income than the equity duration extension strategy.
The Executive Directors approved Management's recommendation to maintain a short duration for equity in
the short-term, with the authority to enter into other approved strategies or combinations thereof as market
conditions warrant.
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