Obligation IBRD-Global 0% ( US45905UDG67 ) en USD

IBRD-Global

100 % ⇌

Etats-unis

US45905UDG67 ( en USD )

23/09/2013 - Obligation échue

Prospectus brochure de l'obligation IBRD US45905UDG67 en USD 0%, échue

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.

L'obligation US45905UDG67 émise par la Banque internationale pour la reconstruction et le développement (IBRD) aux États-Unis, d'un montant nominal de 100% en USD, avec un taux d'intérêt de 0%, et échéance le 23/09/2013, a été remboursée à maturité.

PRICING SUPPLEMENT

INTERNATIONAL BANK FOR RECONSTRUCTION AND
DEVELOPMENT

Global Debt Issuance Facility
No. 2660
US$15,000,000
Redeemable Fixed Rate/Reverse Floating Rate Notes
due September 23, 2013

Morgan Stanley

The date of this Pricing Supplement is September 19, 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 al 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.:
2660
2
Aggregate Principal Amount:
US$15,000,000
3
Issue Price:
100.00 per cent. of the Aggregate Principal
Amount
4
Issue Date:
September 23, 2003
5
Form of Notes (Condition 1(a)):
Registered Notes only
6
Authorized Denominations
US$1,000
(Condition 1(b)):
7
Specified Currency (Condition 1(d)):
United States dollars ("US$")
8
Maturity Date (Conditions 1(a) and 6(a)):
September 23, 2013
9
Interest Basis (Condition 5):
(i)
Fixed Interest Rate (Condition 5(I)) in
respect of the period beginning on
and including the Issue Date and
ending on but excluding September
23, 2004; and
(ii)
Variable Interest Rate (Condition 5(II))
in respect of the period beginning on
and including September 23, 2004 to
but excluding the Maturity Date
10
Fixed Interest Rate (Condition 5(I)):

(a) Interest
Rate:
9.00 per cent. per annum
(b)
Fixed Rate Interest Payment
March 23, 2004 and September 23, 2004
Dates:
11
Variable Interest Rate (Condition 5(II)):

(a) Business
Day
Convention:
Following Business Day Convention
(b)
Rate of Interest:
Subject to the Minimum Interest Rate (defined
in Section 12(a) below), the Rate of Interest
per Authorized Denomination for the relevant
Interest Period will be a percentage rate, as
calculated by the Calculation Agent in
A03382609/2.0/19 Sep 2003
1

accordance with the following formula:
10.00 per cent. (2 x Benchmark Rate)
where:
"Benchmark Rate" means the London
Interbank Offered Rate for deposits in United
States dollars for a period of six months which
appears on 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 relevant
Interest Determination Date.
If such rate does not appear on 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 shal
determine the 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
United States dollars were offered to prime
banks in the London Interbank market for a
period of six months at approximately
11:00
a.m. London time on the relevant
Interest Determination Date 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 rate shal be the arithmetic mean of such
quotations. If fewer than two quotations are
provided as requested, the rate shal 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 six months in an amount that is
representative for a single transaction in the
New York market at such time
Provided that a maximum of 12.00 per cent.
of the Aggregate Principal Amount will be paid
in respect of the aggregate Interest Amount
under the Notes, which will be calculated as
the aggregate sum of all relevant Interest
Amounts, including the Fixed Rate Interest
A03382609/2.0/19 Sep 2003
2

Amounts, meaning that:
(i)
in the event of Mandatory
Redemption (as defined in Section
17 below), the Interest Amount in
respect of the relevant Interest
Period shall be limited to the
difference between 12.00 per cent.
of the aggregate Principal Amount
and the aggregate sum of the
Interest Amounts with respect to all
preceding Interest Periods (including
the Fixed Rate Interest Amount); or
(ii)
If no Early Redemption Event occurs
prior to the Maturity Date, the
Interest Amount payable in respect
of the Interest Period ending on the
Maturity Date shall be set as the
difference between 12.00 per cent.
of the aggregate Principal Amount
and the aggregate sum of al Interest
Amounts for all preceding Interest
Periods (including the Fixed Rate
Interest Amount)
(c) Interest
Payment
Dates:
March 23 and September 23 of each year
commencing on March 23, 2005 and ending
on the Maturity Date
(d) Calculation
Agent:
Citibank, N.A.
(e)
Interest Determination Date:
The twentieth Relevant Business Day
preceding the relevant Interest Payment Date
12
Other Variable Interest Rate Terms
(Condition 5(II) and (III)):
(a)
Minimum Interest Rate:
Zero per cent.
(b) Maximum
Interest
Rate:
See Section 11(b) above
(c)
Variables
A03382609/2.0/19 Sep 2003
3

17
Mandatory Redemption:
All Notes will be redeemed without notice at
100.00 per cent. of the Aggregate Principal
Amount plus accrued interest thereon as
provided for under Section 11(b) on any
Interest Payment Date in the event that the
Interest Amount payable in respect of the
Interest Period ending on such Interest
Payment Date, when aggregated together
with the sum of all Interest Amounts (including
the Fixed Rate Interest Amounts) for the
preceding Interest Periods, is calculated to be
equal to or greater than 12.00 per cent. of the
Aggregate Principal Amount of the Notes
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
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 on a delivery versus payment basis
3
Syndicated:
No
4
Commissions and Concessions:
None
5
Codes:

(a) ISIN
US45905UDG67
(b) Common
Code
017582798
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 15, 2003
A03382609/2.0/19 Sep 2003
4

The following additional selling restrictions shall apply to the issue:
United Kingdom:
Each Dealer is required to comply with al
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

A03382609/2.0/19 Sep 2003
5

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

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