Obligation IBRD-Global 5% ( US45905UCJ16 ) en USD

IBRD-Global

100 % ▼

Etats-unis

US45905UCJ16 ( en USD )

5% par an ( paiement semestriel )

22/10/2007 - Obligation échue

Prospectus brochure de l'obligation IBRD US45905UCJ16 en USD 5%, échue

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La Banque internationale pour la reconstruction et le développement (IBRD), membre du Groupe de la Banque mondiale, fournit des prêts et des services consultatifs aux pays à revenu intermédiaire et à revenu faible pour soutenir leur développement économique.

Cet article se penche sur les caractéristiques d'une obligation spécifique, identifiée par son code ISIN US45905UCJ16, émise par l'IBRD, la Banque Internationale pour la Reconstruction et le Développement. L'IBRD est une institution financière internationale majeure et l'un des piliers du Groupe de la Banque mondiale, dont la mission fondamentale est de réduire la pauvreté et de soutenir le développement durable dans les pays membres en leur fournissant des financements, des garanties et des services consultatifs, bénéficiant d'une excellente notation de crédit en raison du soutien de ses pays membres souverains. Ce titre de créance, libellé en dollars américains (USD) et émis sous la juridiction des États-Unis, offrait un taux d'intérêt annuel de 5%, avec des paiements de coupons effectués sur une fréquence semestrielle, soit deux fois par an. La maturité de cette obligation était fixée au 22 octobre 2007 ; il est important de noter que ce titre est effectivement arrivé à échéance et a été intégralement remboursé à 100% de sa valeur nominale à cette date, démontrant ainsi la capacité de l'émetteur à honorer ses engagements financiers.

PRICING SUPPLEMENT

INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT

Global Debt Issuance Facility
No. 2396
US$25,000,000
Callable Fixed Rate Step-up Notes due October 22, 2007

Morgan Stanley

The date of this Pricing Supplement is October 16, 2002

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.:
2396
2
Aggregate Principal Amount:
US$25,000,000.
3
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount.
4
Issue Date:
October 22, 2002.
5
Form of Notes (Condition 1(a)):
Registered Notes only.
6
Authorized Denominations
Minimum denomination of US$10,000 and
(Condition 1(b)):
increments of US$1,000 thereafter.
7
Specified Currency (Condition 1(d)):
United States dollars ("US$").
8
Maturity Date (Conditions 1(a) and 6(a)):
October 22, 2007.
9
Interest Basis (Condition 5):
Fixed Interest Rate (Condition 5(I)).
10
Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
3.00 per cent. per annum in respect of the
period beginning on (and including) the Issue
Date and ending on (but excluding) October
22, 2003;

3.125 per cent. per annum in respect of the
period beginning on (and including) October
22, 2003 and ending on (but excluding)
October 22, 2004;

3.50 per cent. per annum in respect of the
period beginning on (and including) October
22, 2004 and ending on (but excluding)
October 22, 2005;

4.00 per cent. per annum in respect of the
period beginning on (and including) October
22, 2005 and ending on (but excluding)
October 22, 2006; and

5.00 per cent. per annum in respect of the
period beginning on (and including) October

1

period beginning on (and including) October
22, 2006 and ending on (but excluding) the
Maturity Date.
(b) Fixed Rate Interest Payment October 22 and April 22 of each year
Dates:
commencing on April 22, 2003, and ending on
the Maturity Date.
(c)
Fixed Rate Day Count Fraction:
30/360, as provided in Condition 5(I)(b).
11
Relevant Financial Centre:
New York.
12
Relevant Business Day:
New York and London.
13
Issuer's Optional Redemption
Yes.
(Condition 6(e)):
(a)
Notice Period:
Not less than 5 Relevant Business Days.
(b)
Amount:
All and not less than all.
(c) Date(s):

Each
Interest Payment Date commencing on
October 22, 2003 and ending on April 22,
2007.
(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 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.
14
Redemption at the option of the
No.
Noteholders (Condition 6(f)):
15
Long Maturity Note (Condition 7(f)):
No.

2

16
Talons for Future Coupons to be attached No.
to Definitive Bearer Notes (Condition
7(h)):
17
Early Redemption Amount (including Principal amount of the Notes to be
accrued interest, if applicable) (Condition redeemed plus accrued interest thereon.
9):
18
Governing Law of the Notes:
New York
Other Relevant Terms

19
Listing (if yes, specify Stock Exchange Luxembourg Stock Exchange.
Exchange):
20
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 on a delivery versus payment basis.
21
Syndicated:
No.
22
Commissions and Concessions:
None.
23
Codes:

(a) CUSIP
45905UCJ1.
(b) ISIN
US45905UCJ16.
(c) Common
Code
015562757.
24
Identity of Dealer(s)/Manager(s):
Morgan Stanley & Co. International Limited.
25
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:
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.

3

INTERNATIONAL BANK FOR
RECONSTRUCTION AND
DEVELOPMENT.
By:
Authorised Officer.

4

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

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

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