Obligation IBRD-Global 13% ( XS0822337092 ) en NGN

IBRD-Global

100 % ⇌

Etats-unis

XS0822337092 ( en NGN )

13% par an ( paiement annuel )

30/10/2013 - Obligation échue

Prospectus brochure de l'obligation IBRD XS0822337092 en NGN 13%, échue

4 000 000 000 NGN

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 NGN, avec le code ISIN XS0822337092, paye un coupon de 13% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 30/10/2013

Final Terms dated 30 August 2012

International Bank for Reconstruction and Development

Issue of NGN 4,000,000,000 13.00 per cent. NGN/USD FX Linked Notes due 30 October 2013
payable in United States Dollars

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:
10802
(ii) Tranche Number:
1
3. Specified Currency or Currencies
Nigerian Naira ("NGN") provided that all payments in
(Condition 1(d)):
respect of the Notes will be made in United States Dollars
("USD").
4. Aggregate Nominal Amount:

(i) Series:
NGN 4,000,000,000
(ii) Tranche:
NGN 4,000,000,000
5. (i) Issue Price:
100.00 per cent. of the Aggregate Nominal Amount.

(ii) Net Proceeds
USD 25,332,488.92 (equivalent to NGN 4,000,000,000
converted into USD at the initial exchange rate of NGN
157.90 per USD 1.00)
6. Specified Denominations
NGN 1,000,000
(Condition 1(b)):
7. Issue Date:
4 September 2012
8. Maturity Date (Condition 6(a)):
30 October 2013 (the "Scheduled Maturity Date") as may
be postponed subject to the Disruption Provisions set out in
Terms 19 and 20
9. Interest Basis (Condition 5):
13.00 per cent. Fixed Rate
(further particulars specified below in Term 16)
10. Redemption/Payment Basis
FX Linked Redemption as set out in Term 17
(Condition 6):
11. Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Call/Put Options (Condition 6):
Not Applicable
13. Status of the Notes (Condition 3):
Unsecured and unsubordinated
14. Listing:
Luxembourg Stock Exchange
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15. Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions (Condition
Applicable
5(a)):
(i) Rate of Interest:
13.00 per cent.
(ii) Interest Payment Dates:
30 October 2013 (the "Scheduled Interest Payment Date"),
subject to postponement as provided in Terms 19 and 20,
with no additional interest amount or other amount payable in
relation to such postponement.
(iii) Fixed Coupon Amount:
NGN 149,891 per Specified Denomination to be paid on the
Interest Payment Date in USD, and calculated by the
Calculation Agent on the Rate Fixing Date as follows:
149,891 divided by NGN/USD Exchange Rate (as defined
below in Term 20).
(iv) Broken Amount(s):
Not Applicable
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Other terms relating to the method See Term 19 (Disruption Provisions) and Term 20
of calculating interest for Fixed
(Additional Definitions) below.
Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of 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
will be payable in USD and calculated by the Calculation
Agent on the Rate Fixing Date as follows:
Specified Denomination divided by NGN/USD Exchange
Rate (as defined below in Term 20).
(ii) Provisions for determining Final
See Term 19 below
Redemption Amount where
calculation by reference to Index
and/or Formula and/or other
variable is impossible or
impracticable or otherwise
disrupted:
(iii) Payment Date:
The Scheduled Maturity Date (as defined in Term 8) subject
to postponement in accordance with Terms 19 and 20 with no
additional amounts payable in relation to such postponement.
18. Early Redemption Amount (Condition
The Final Redemption Amount payable in USD as
6(c)):
determined in accordance with Term 17 above (plus accrued
interest to, but excluding, the date of early redemption).

DISRUPTION PROVISIONS AND ADDITIONAL DEFINITIONS
19. Disruption Provisions:
(a) In the event (i) the Scheduled Rate Fixing Date becomes
subject to the Following Business Day Convention after
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the occurrence of an Unscheduled Holiday or (ii) Rate
Fixing Postponement applies, the relevant Scheduled
Interest Payment Date, Scheduled Maturity Date or Early
Redemption Payment Date, as applicable, shall be
postponed by each day for which the relevant Scheduled
Rate Fixing Date is so postponed.

(b) In the event (i) the Scheduled Rate Fixing Date becomes
subject to the Following Business Day Convention after
the occurrence of an Unscheduled Holiday or (ii) Rate
Fixing Postponement applies, and if the Rate Fixing Date
has not occurred on or before the 14th consecutive
calendar 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 a 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, shall be deemed to be the Rate
Fixing Date (the "Postponed Rate Fixing Date");
and

(ii)
the Calculation Agent shall be entitled to
determine the NGN/USD Exchange Rate on such
Postponed Rate Fixing Date, acting in good faith
and in a commercially reasonable manner, having
taken into account all available information that it
deems relevant.

(iii) For the avoidance of doubt, no additional interest
or other additional amounts shall be payable by
IBRD in the event that the relevant Scheduled
Interest Payment Date or Scheduled Maturity Date
or Early Redemption Payment Date, as applicable,
is postponed in accordance with this Term 19.

(c) Notwithstanding anything herein to the contrary, in no
event shall the total number of consecutive calendar days
during which either (i) the Rating Fixing Date is
postponed due to an Unscheduled Holiday or (ii) a Rate
Fixing Postponement shall occur (or any combination of
(i) and (ii)), exceed 14 consecutive days in the aggregate.
Accordingly, (x) if, upon the lapse of any such 14 day
period, an Unscheduled Holiday shall have occurred or
be continuing on the day following such period, then
such day shall be deemed to be a Rate Fixing Date and
(y) if, upon the lapse of any such 14 day period, a
Disruption Event shall have occurred or be continuing on
the day following such period, then Rate Fixing
Postponement shall not apply and in each case, the
NGN/USD Exchange Rate shall be determined in
accordance with Term 19(b)(ii) above.

(d) If an event or a circumstance which would otherwise
constitute or give rise to an Inconvertibility Event also
constitutes a Price Source Disruption, it will be treated as
a Price Source Disruption and not an Inconvertibility
Event.
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(e) The Calculation Agent shall, in each case, as soon as
reasonably practicable, give notice to the Noteholders in
accordance with Condition 12 and to the Paying Agent,
IBRD and the Clearing Systems of:

(i)
the occurrence of any Unscheduled Holiday or
Disruption Event;
(ii) the date on which an Unscheduled Holiday or a
Disruption Event ceases to exist and the
Postponed Rate Fixing Date (if any); and/or
(iii) the fact that the NGN/USD Exchange Rate is to
be determined by the Calculation Agent in
accordance with Term 19 (b)(ii) above. 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
NGN/USD Exchange Rate may be such that the
resulting USD amount is zero and in such event
no USD or NGN amount will be payable. For the
avoidance of doubt, the resulting amount cannot
in any circumstances be less than zero, as
applicable.
20. Additional Definitions
"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 Lagos, London
and New York.
"Calculation Agent" means J.P. Morgan Chase Bank, N.A.,
London.
"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 the Notes.
"Deferral Period": has the meaning given to it in Term 19
above.
"Disruption Event" means each and any of a Price Source
Disruption, an Inconvertibility Event and 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.
"EMTA NGN Indicative Survey Rate" means the
NGN/USD specified rate for USD expressed as the amount of
NGN for one USD, for settlement in two Business Days, as
published on EMTA's website (www.emta.org) at
approximately 12:00 p.m., Lagos time, or as soon thereafter
as practicable, on the Rate Fixing Date. The spot rate shall be
calculated by EMTA (or a service provider EMTA may select
in its sole discretion) pursuant to the EMTA NGN Indicative
Survey Rate Methodology (which means a methodology
dated as of 27 December 2010, as amended from time to
time, for a centralized industry-wide survey of financial
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institutions that are active participants in NGN/USD markets
for the purpose of determining the EMTA NGN Indicative
Survey Rate.
"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 (1) the convertibility of NGN into USD through
customary legal channels or (2) the transfer of NGN (x) from
Nigeria to any other country or (y) between accounts in
Nigeria or to a party that is a non-resident of Nigeria
(including, without limitation, any delay, increased costs,
discriminatory rates of exchange or current or future
restrictions on the conversion of NGN into USD or
transferability of NGN outside Nigeria or to non-residents of
Nigeria); and/or
(ii)
results in the unavailability of NGN in the interbank
foreign exchange market in accordance with normal
commercial practice.
"Lagos 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 Lagos
"Market Disruption Event" means any event, other than an
Inconvertibility Event, and a Price Source Disruption, as a
result of which the Calculation Agent is unable to determine
any amount falling to be determined by it in respect of the
Notes, 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
(ii)
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,
and in each case, which affects the ability of market
participants to enter into, maintain, unwind or dispose of any
transaction(s) or asset(s) that are used in the market to hedge
the currency risk arising from the exchange rate movements
between NGN and USD.
"NGN/USD Exchange Rate" means the spot currency
exchange rate (expressed as the amount of NGN for one
USD) determined by the Calculation Agent on the relevant
Rate Fixing Date by reference to the "NGN FMDA Rate" or
"NGN01 Rate" or, in the event the "NGN FMDA Rate" or
"NGN01 Rate" is not available on the relevant Rate Fixing
Date, by reference to the applicable "EMTA NGN Indicative
Survey Rate", and, if applicable, in the event of an
Unscheduled Holiday or a Disruption Event, in accordance
with the provisions of Term 19(b)(ii) above.
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"NGN FMDA Rate" or "NGN01 Rate" each means, in
respect of a Rate Fixing Date, the NGN/USD specified rate
expressed as the amount of NGN per one USD for settlement
in two Business Days reported by the Financial Market
Dealers Association of Nigeria, which is published at
www.fmda.com.ng (and which may appear at Thomson
Reuters Screen NIFEX01) at or around 10:00 am on such
Rate Fixing Date. For the avoidance of doubt, if there is any
discrepancy between the rate published at www.fmda.com.ng
and Thomson Reuters Screen NIFEX01, the rate published at
www.fmda.com.ng shall prevail.
In the event that the "NGN FMDA Rate" or "NGN01 Rate" is
not available on the applicable Rate Fixing Date, the
Calculation Agent shall determine the NGN/USD Exchange
Rate by reference to the applicable "EMTA NGN
INDICATIVE SURVEY RATE" (if such rate is available);
"Postponed Rate Fixing Date" has the meaning given to it
in Term 19 above.
"Price Source Disruption" means, in respect of a Rating
Fixing Date, it becomes impossible to obtain both the NGN
FMDA Rate and the EMTA NGN Indicative Survey Rate on
such date.
"Rate Fixing Date" means the day that is five (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 the
Scheduled Rate Fixing Date in question shall be adjusted in
accordance with (i) the Following Business Day Convention
(subject to the Disruption Provisions set forth above) in the
event of an Unscheduled Holiday and/or (ii) Rate Fixing
Postponement in the event of a Disruption Event.
"Rate Fixing Postponement" means, for the purposes of
obtaining the NGN/USD Exchange Rate in the event of a
Disruption Event, that the NGN/USD Exchange Rate will be
determined on the Business Day first succeeding the day on
which the Disruption Event ceases to exist.
"Unscheduled Holiday" means a day that is not a Lagos
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. Lagos time two Lagos Business Days prior to the
Scheduled Rate Fixing Date.
GENERAL PROVISIONS APPLICABLE TO THE NOTES
21. Form of Notes (Condition 1(a)):
Registered Notes

Global Registered Certificate available on Issue Date
22. New Global Note:
No
23. Financial Centre(s) or other special
Lagos, London and New York
provisions relating to payment dates
(Condition 7(h)):
24. Governing law (Condition 14):
English
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25. Other final terms:
Not Applicable
DISTRIBUTION
26. (i) If syndicated, names of Managers
Not Applicable
and underwriting commitments:
(ii) Stabilizing Manager(s) (if any):
Not Applicable
27. If non-syndicated, name of Dealer:
J.P. Morgan Securities plc
28. Total commission and concession:
None
29. Additional selling restrictions:
Nigeria
Neither the Prospectus, these Final Terms nor the Notes has
been registered with the Nigerian Securities and Exchange
Commission or any other regulatory authority in Nigeria. The
Notes shall not be offered for circulation, distribution,
placement, sale, purchase or other transfer in the territory of
Nigeria. 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 Nigeria.
OPERATIONAL INFORMATION

30. ISIN Code:
XS0822337092
31. Common Code:
082233709
32. Delivery:
Delivery against payment
33. Registrar and Transfer Agent (if any):
Citibank, N.A., London Branch
34. Intended to be held in a manner which
No
would allow Eurosystem eligibility:

GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 4 October 2011.

CONFLICT OF INTEREST
JPMorgan Chase Bank, N.A., the parent company of J.P. Morgan Securities plc. will be calculation
agent under the Notes and will also be IBRD's counterparty in a related swap transaction entered into
by IBRD in order to hedge its obligations under the Notes. The existence of such multiple roles and
responsibilities for JPMorgan Chase Bank, N.A. creates possible conflicts of interest. For example, the
amounts payable by JPMorgan Chase Bank, N.A. to IBRD under the related swap transaction are
expected, as of the Issue Date, to be calculated on the same basis as the amounts payable by IBRD
under the Notes. As a result, the determinations made by JPMorgan Chase Bank, N.A. in its discretion
as Calculation Agent for the Notes may affect the amounts payable by JPMorgan Chase Bank, N.A.
under the related swap transaction, and, in making such determinations, JPMorgan Chase Bank, N.A.
may have economic interests adverse to those of the Noteholders. The Noteholder understands that
although IBRD will enter into the related swap transaction with JPMorgan 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 will 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.

7

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

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