Obligation IBRD-Global 10% ( XS1033659027 ) en TRY

IBRD-Global

100 % ▲

Etats-unis

XS1033659027 ( en TRY )

10% par an ( paiement annuel )

20/05/2016 - Obligation échue

Prospectus brochure de l'obligation IBRD XS1033659027 en TRY 10%, échue

100 000 000 TRY

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 TRY, avec le code ISIN XS1033659027, paye un coupon de 10% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/05/2016

Final Terms dated 14 February 2014

International Bank for Reconstruction and Development

Issue of TRY 100,000,000 10.00 per cent. Notes due 20 May 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:
11042
(ii) Tranche Number:
1
3. Specified Currency or Currencies
Turkish Lira ("TRY")
(Condition 1(d)):
4. Aggregate Nominal Amount:

(i) Series:
TRY 100,000,000
(ii) Tranche:
TRY 100,000,000
5. (i) Issue Price:
100.665 per cent. of the Aggregate Nominal Amount
(ii) Net Proceeds
TRY 99,540,000
6. Specified Denominations
TRY 1,000
(Condition 1(b)):
7. Issue Date:
20 February 2014
8. Maturity Date (Condition 6(a)):
20 May 2016
9. Interest Basis (Condition 5):
10.00 per cent. Fixed Rate
(further particulars specified below in Term 16)
10. Redemption/Payment Basis
Redemption at par
(Condition 6):
11. Change of Interest or Redemption/
Not Applicable

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:
10.00 per cent. per annum payable annually in arrear
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(ii) Interest Payment Date:
20 May 2015 and 20 May 2016
(iii) Fixed Coupon Amount:
TRY 100 per Specified Denomination
(iv) Broken Amount(s):
Initial Broken Amount of TRY 124.38 per Specified
Denomination, payable on 20 May 2015
(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
TRY 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
Istanbul, 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 RBC Europe Limited
TRY 91,000,000
underwriting commitments:
Danske Bank A/S
TRY 3,000,000
The Toronto-Dominion Bank
TRY 3,000,000
Zürcher Kantonalbank
TRY 3,000,000
(ii) Stabilizing Manager(s) (if any):
Not Applicable
25. If non-syndicated, name of Dealer:
Not Applicable
26. Total commission and concession:
Combined selling concession and management and
underwriting commission of 1.125 per cent. of the
Aggregate Nominal Amount of Notes
27. Additional selling restrictions:
Turkey
Each Manager has acknowledged that pursuant to Article
15(d)(ii) of Decree No. 32, Turkish residents may
purchase or sell the Notes (or beneficial interests therein)
offshore on an unsolicited (reverse inquiry) basis both in
the primary and secondary markets provided that (i) such
purchase or sale is made through banks or licensed
brokerage institutions authorised pursuant to the Capital
Market Legislation of Turkey and (ii) the purchase price is
transferred through banks. As such, Turkish residents
should use banks or licensed brokerage institutions while
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purchasing the Notes (or beneficial interest therein) and
transfer the purchase price through banks. Each Manager
represents, agrees and warrants that it will not permit the
distribution of any disclosure documents relating to the
issue of the Notes in Turkey without observing the
provisions of the Communique III, No. 20 of the Capital
Market Board regarding the Sale of Foreign Capital
Market Instruments in Turkey.
OPERATIONAL INFORMATION

28. ISIN Code:
XS1033659027
29. Common Code:
103365902
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
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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

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