Obligation IBRD-Global 9.3% ( XS0551506305 ) en GHS

IBRD-Global

100 % ⇌

Etats-unis

XS0551506305 ( en GHS )

9.3% par an ( paiement annuel )

10/10/2013 - Obligation échue

Prospectus brochure de l'obligation IBRD XS0551506305 en GHS 9.3%, échue

30 000 000 GHS

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 émise par IBRD-Global ( Etats-unis ) , en GHS, avec le code ISIN XS0551506305, paye un coupon de 9.3% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 10/10/2013

Final Terms dated 25 October 2010
International Bank for Reconstruction and Development

Issue of GHS 30,000,000 9.25 per cent. Fixed Rate GHS/USD FX Linked Notes due 10 October 2013
payable in United States Dollars
under the
Global Debt Issuance Facility
Terms used herein shal 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:
10522
(i )
Tranche Number:
1
3. Specified Currency or Currencies New Ghanaian Cedi ("GHS") provided that all payments in
(Condition 1(d)):
respect of the Notes wil be made in United States Dollars
("USD")
4. Aggregate Nominal Amount:

(i)
Series:
GHS 30,000,000
(i )
Tranche:
GHS 30,000,000
5. (i)
Issue Price:
100 per cent. of the Aggregate Nominal Amount
(i )
Net Proceeds:
USD 21,126,760.56 (equal to the Issue Price of GHS
30,000,000 converted into USD at the weighted average
exchange rate of GHS 1.42 per USD 1.00)
6. Specified Denominations
GHS 50,000
(Condition 1(b)):
7. Issue Date:
28 October 2010
8. Maturity Date (Condition 6(a)):
10 October 2013 (the "Scheduled Maturity Date") as may
be postponed subject to the Disruption Provisions set out
in Annex A
9. Interest Basis (Condition 5):
9.25 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
GHS/USD FX linked redemption based on 100 per cent.
(Condition 6):
redemption as set out in Term 17
11. Change of Interest or
Not Applicable

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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:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Provisions (Condition

5(a)):
(i) Rate of Interest:
9.25 per cent. per annum
(i ) Interest Payment Date:
10 October 2011, 10 October 2012 and 10 October 2013,
subject to postponement as provided in Annex A, with no
additional interest amount or other amount payable in
relation to such postponement
(i i) Fixed Coupon Amount:
GHS 4,625 per Specified Denomination wil be payable in
USD and calculated by the Calculation Agent as follows:
GHS 4,625 divided by the applicable GHS/USD Exchange
Rate (as defined in Annex A).
(iv) Initial Broken Amount:
GHS 4,396.92 per Specified Denomination wil be payable
in USD on the Interest Payment Date falling in October
2011 and calculated by the Calculation Agent as follows:
GHS 4,396.92 divided by the applicable GHS/USD
Exchange Rate (as defined in Annex A).
(iv) Day Count Fraction:
Actual/Actual (ICMA)
(v) Other Terms relating to the See Annex A (Disruption Provisions) and Annex A
method
of
calculating (Definitions)
interest for Fixed Rate
Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of
GHS 50,000 per Specified Denomination
each Note (Condition 6):
In cases where the Final
Redemption Amount is Index
Linked or other variable-linked:
(i)
Index/Formula/variable:
The
Final
Redemption
Amount
per
Specified
Denomination wil be payable in USD and calculated by
the Calculation Agent on the Payment Valuation date as
follows:

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Specified Denomination divided by GHS/USD Exchange
Rate (as defined below in Annex A).
(i )
Party
responsible
for JP Morgan Chase Bank, N.A.
calculating
the
Final
Redemption Amount (if
not the Calculation Agent):
(i i)
Provisions for determining See Annex A
Final Redemption Amount
where
calculation
by
reference to Index and/or
Formula
and/or
other
variable is impossible or
impracticable or otherwise
disrupted:
(iv)
Payment Date:
The Scheduled Maturity Date (as defined in Annex A)
subject to postponement in accordance with Annex A with
no additional amounts payable in relation to such
postponement.
18. Early Redemption Amount

(Condition 6(c)):
Early Redemption Amount(s) per The Final Redemption Amount payable in USD as
Specified Denomination payable determined in accordance with Term 17 above (plus
on event of default or other early accrued interest to, but excluding, the date of early
redemption and/or the method of redemption).
calculating the same (if required
or if different from that set out in
the Conditions):
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
London, Accra and New York
special provisions relating to
payment dates (Condition 7(h)):
22. Governing law (Condition 14):
English
23. Other final terms:
Not Applicable
DISTRIBUTION
24. If non-syndicated, name of
J.P. Morgan Securities Ltd.
Dealer:

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25. Total commission and
Not Applicable
concession:
26. Additional sel ing restrictions:
Republic of Ghana
The Dealer represents and agrees that the Notes shall not
be offered by the Dealer for circulation, distribution,
placement, sale, purchase or other transfer in the territory
of the Republic of Ghana. Accordingly, nothing in this
document or any other documents, information or
communications related to the Notes shall be interpreted
as containing any offer or invitation to, or solicitation of,
any such circulation, distribution, placement, sale,
purchase or other transfer in the territory of the Republic
of Ghana.
OPERATIONAL INFORMATION

27. ISIN Code:
XS0551506305
28. Common Code:
055150630
29. Any clearing system(s) other than Not Applicable
Euroclear Bank S.A./N.V.,
Clearstream Banking, société
anonyme and The Depository
Trust Company and the relevant
identification number(s):
30. Delivery:
Delivery against payment
31. Registrar and Transfer Agent (if
Citibank, N.A., London Branch
any):
32. Intended to be held in a manner
Not Applicable
which would allow Eurosystem

eligibility:

GENERAL INFORMATION

IBRD's most recent Information Statement was issued on 22 September 2010.
CONFLICT OF INTEREST
J.P. Morgan Chase Bank, N.A., wil play several different roles in connection with the Notes, including
lead manager and calculation agent and wil also be IBRD's counterparty in a related swap transaction.
The existence of such multiple roles and responsibilities for J.P. Morgan Chase Bank, N.A. creates
possible conflicts of interest. For example, the amounts payable by J.P. Morgan Chase Bank, N.A. to
IBRD under the related swap transaction are calculated on the basis of the amounts payable by IBRD
under the Notes. Therefore, the determinations made by J.P. Morgan Chase Bank, N.A. as Calculation
Agent in respect of the Notes will affect the amounts payable by J.P. Morgan Chase Bank, N.A. under

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the related swap transaction, and, in making such determinations, J.P. Morgan Chase Bank, N.A. may
have economic interests adverse to those of the holders of the Notes.
The Noteholder understands that although IBRD wil enter into the related swap transaction with JP
Morgan Chase Bank N.A. as swap counterparty in order to hedge its obligations under the Notes,
IBRD's rights and obligations under the related swap transaction wil be independent of its rights and
obligations under the Notes, and Noteholders will have no interest in the related swap transaction or
any payment to which IBRD may be entitled thereunder.

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

By:
.......................................................

Name:
Title:

Duly authorized

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ANNEX A
1
Disruption Provisions:
(a)
In the event the Scheduled Rate Fixing Date (as defined below in paragraph 2) becomes
subject to the Fol owing Business Day Convention as set forth in paragraph 2 below upon
the occurrence of an Unscheduled Holiday or a Disruption Event, and the Rate Fixing
Date has not occurred on or before the 15th consecutive day after the Scheduled Rate
Fixing Date (any such period being a "Deferral Period") then:
(i)
The next day after the Deferral Period that would have been an Accra,
London and New York Business Day but for the Unscheduled Holiday, or the
next day after the Deferral Period that is a Business Day in the event of a
continuing Disruption Event, shal be deemed to be the Rate Fixing Date (the
"Postponed Rate Fixing Date").
(i )
The relevant Interest Payment Date or Maturity Date or Early Redemption
Payment Date, as applicable, shall be postponed by one day for each day
that the Scheduled Rate Fixing Date is postponed as set forth above.
(i i)
For the avoidance of doubt, no additional interest or other additional amounts
shal be payable by IBRD in the event that the relevant Interest Payment
Date or Maturity Date or Early Redemption Payment Date, as applicable, is
postponed in accordance with this paragraph 1.
(b)
The Calculation Agent shall give notice to the Noteholders in accordance with Condition
12 and to the Paying Agent, the Issuer and the Clearing Systems of:
(i)
the occurrence of such postponement; and
(i )
the Postponed Rate Fixing Date;
in each case, as soon as reasonably practicable thereafter.
2
Definitions
"Accra Business Day" means a day (other than a Saturday or Sunday) on which the banks and
foreign exchange markets are open for general business (including dealings in foreign exchange
and foreign currency deposits) in Accra.
"Business Day" means a day (other than a Saturday or Sunday) on which the banks and foreign
exchange markets are open for general business (including dealings in foreign exchange and
foreign currency deposits) in Accra, London and New York.
"Calculation Agent" means J.P. Morgan Chase Bank, N.A.;
"Clearing Systems" means Euroclear Bank S.A./N.V., Clearstream Banking, société anonyme
and any successor or alternative clearing system(s) as may be appointed by the Issuer from time
to time in relation to Bonds.
"Deferral Period" has the meaning given to it in paragraph 1 above.

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"Disruption Event" means either or both of an Inconvertibility Event or a Market Disruption
Event.
"Early Redemption Payment Date" means, in relation to redemption of a Note pursuant to
Condition 9, the day on which the Note becomes due and payable in accordance with the terms
of such Condition 9.
"GHS/USD Exchange Rate" means the currency exchange rate (expressed as the amount of
GHS for one USD) determined by the Calculation Agent on the basis of firm quotations, for the
sale of GHS and purchase of USD (where the USD is payable outside Ghana), provided by three
Reference Market Dealers as purchaser of GHS and seller of USD in an amount corresponding
to the relevant Interest Amount, the Final Redemption Amount or the Early Redemption Amount
(as the case may be) at 10:00 a.m. (London time) (or such other time as the Calculation Agent
shal decide in its sole and absolute discretion) on the relevant Rate Fixing Date.
The Calculation Agent shall calculate the GHS/USD Exchange Rate to be the arithmetic mean of
such quotations (rounded to the nearest four decimal points, with 0.00005 per cent. being
rounded up).
The Calculation Agent shal be entitled to determine the GHS/USD Exchange Rate, acting in
good faith and in a commercially reasonable manner having taken into account relevant market
practice if:
(a)
on the relevant Rate Fixing Date less than three Reference Market Dealers provide
a quotation as set forth above;
(b)
there has occurred or is subsisting a Disruption Event on the Postponed Rate
Fixing Date, or
(c)
the Postponed Rate Fixing Date is an Unscheduled Holiday.
The Calculation Agent shall notify the Issuer as soon as reasonably practicable that the
GHS/USD Rate is to be so determined. Copies of all quotes obtained by the Calculation Agent
will be provided by the Calculation Agent to the Issuer upon request. For the avoidance of doubt,
the GHS/USD Exchange Rate may be such that the resulting USD amount is zero and in such
event no USD or GHS amount wil be payable. For the avoidance of doubt, the resulting amount
cannot in any circumstances be less than zero.
"Inconvertibility Event" means in the sole and absolute determination of the Calculation Agent
any action, event or circumstance whatsoever which from a legal or practical perspective:
(i)
has the direct or indirect effect of hindering, limiting or restricting the convertibility of
GHS into USD through customary legal channels, or the transfer of GHS from the
Republic of Ghana to any other country (including, without limitation, any delay,
increased costs, discriminatory rates of exchange or current or future restrictions on
repatriation of GHS into USD); and/or
(i )
results in the unavailability of GHS in the interbank foreign exchange market in
accordance with normal commercial practice.

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"Market Disruption Event" means any event, other than an Inconvertibility Event, as a result of
which the Calculation Agent is unable to determine any amount falling to be determined by it in
respect of the Bonds, which event shall include, without limitation:
(i)
a natural or man-made disaster, armed conflict, act of terrorism, riot, labour
disruption or any other circumstance beyond its control; or
(i )
the enactment, promulgation, execution, ratification or adoption of, or any change
in or amendment to, any rule, law, regulation or statute (or in the applicability or
official interpretation of any rule, law, regulation or statute) or the issuance of any
order or decree.
"Postponed Rate Fixing Date" has the meaning given to it in paragraph 1(a) above.
"Rate Fixing Date" means the day that is 5 Business Days prior to the relevant Interest Payment
Date or Maturity Date or Early Redemption Payment Date, as applicable ("Scheduled Rate
Fixing Date"), provided that, in the event of an Unscheduled Holiday or there has occurred or is
subsisting on such date a Disruption Event, the Scheduled Rate Fixing Date in question shall be
adjusted in accordance with the Following Business Day Convention.
"Reference Market Dealers" means each of the following banks or, if such bank is no longer in
existence or is, in the opinion of the Calculation Agent, no longer an active dealer in foreign
exchange, such other leading dealers, banks or banking corporations which deal in GHS,
selected by the Calculation Agent in its sole and absolute discretion:
(i)
Stanbic Bank, Ghana;
(i )
Standard Chartered Bank Ghana; and
(i i)
Barclays Bank of Ghana.
"Unscheduled Holiday" means a day that is not a Accra Business Day and the market was not
aware of such fact (by means of a public announcement or by reference to other publicly
available information) until a time later than 9:00 a.m. Accra time two Accra Business Days prior
to the Scheduled Rate Fixing Date.

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