Obligation IBRD-Global 0.3% ( XS1047440448 ) en EUR

IBRD-Global

100 % ▼

Etats-unis

XS1047440448 ( en EUR )

0.3% par an ( paiement annuel )

20/03/2017 - Obligation échue

Prospectus brochure de l'obligation IBRD XS1047440448 en EUR 0.3%, échue

550 000 000 EUR

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 EUR, avec le code ISIN XS1047440448, paye un coupon de 0.3% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/03/2017

Final Terms dated 18 March 2014

International Bank for Reconstruction and Development

Issue of EUR 550,000,000 0.250 per cent. Notes due 20 March 2017
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 28 May 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:
11054
(ii) Tranche Number:
1
3. Specified Currency or Currencies
Euro ("EUR")
(Condition 1(d)):
4. Aggregate Nominal Amount:

(i) Series:
EUR 550,000,000
(ii) Tranche:
EUR 550,000,000
5. (i) Issue Price:
99.678 per cent. of the Aggregate Nominal Amount

(ii) Net proceeds:
EUR 547,679,000
6. Specified Denominations
EUR 1,000
(Condition 1(b)):

7. Issue Date:
20 March 2014
8. Maturity Date (Condition 6(a)):
20 March 2017
9. Interest Basis (Condition 5):
0.250 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
Not Applicable
Redemption/Payment Basis:
12. Cal /Put Options (Condition 6):
Not Applicable
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:
0.250 per cent. per annum payable annual y in arrear
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(ii) Interest Payment Date:
20 March in each year from and including 20 March
2015 to and including the Maturity Date
(iii) Fixed Coupon Amount:
EUR 2.50 per Specified Denomination
(iv) Broken Amount:
Not Applicable
(v) Day Count Fraction:
Actual/Actual (ICMA)
(vi) Other terms relating to the
Not Applicable
method of calculating interest
for Fixed Rate Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of each
EUR 1,000 per Specified Denomination
Note (Condition 6):
18. Early Redemption Amount
As set out in the Conditions
(Condition 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
London and TARGET
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 underwriting
Crédit Agricole Corporate and Investment Bank, EUR
commitments:
183,333,333
Morgan Stanley & Co. International plc, EUR
183,333,333
Skandinaviska Enskilda Banken AB (publ), EUR
183,333,334
(ii) Stabilizing Manager(s) (if any):
Not Applicable
25. If non-syndicated, name of Dealer:
Not Applicable
26. Total commission and concession:
Combined management, selling and underwriting
commission of 0.10 per cent. of the Aggregate Nominal
Amount
27. Additional selling restrictions:
Not Applicable
OPERATIONAL INFORMATION

28. ISIN Code:
XS1047440448
29. Common Code:
104744044
30. Delivery:
Delivery against payment
31. Registrar and Transfer Agent:
Citibank, N.A., London Branch
32. Intended to be held in a manner which No
would al ow Eurosystem eligibility:
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GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 18 September 2013.
SUPPLEMENTAL PROSPECTUS INFORMATION
The Prospectus is hereby supplemented with the fol owing information, which shal 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 fol owing four elements:

· IBRD's target minimum equity-to-loans ratio was revised from 23 per cent. to 20 per cent.,
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 per cent.;
· IBRD's Single Borrower Limit (SBL) was increased to $20 bil ion for India and $19 bil ion 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 bil ion for India and $16.5 bil ion 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 wil 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 wil
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 al ows 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 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.
SPECIAL ACCOUNT
An amount equal to the net proceeds of the issue of the Notes wil be credited to a special account that
wil support IBRD's lending for Eligible Projects. So long as the Notes are outstanding and the special
account has a positive balance, at the end of every fiscal quarter, funds wil be deducted from the
special account and added to IBRD's lending pool in an amount equal to al disbursements from that
pool made during such quarter in respect of Eligible Projects.

ELIGIBLE PROJECTS
"Eligible Projects" means al projects funded, in whole or in part, by IBRD that promote the transition
to low-carbon and climate resilient growth in the recipient country, as determined by IBRD. Eligible
Projects may include projects that target (a) mitigation of climate change, including investments in low-
carbon and clean technology programs, such as energy efficiency and renewable energy programs and
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projects ("Mitigation Projects") or (b) adaptation to climate change, including investments in climate-
resilient growth ("Adaptation Projects").

Examples of Mitigation Projects include, without limitation:
· Rehabilitation of power plants and transmission facilities to reduce greenhouse gas emissions
· Solar and wind instal ations
· Funding for new technologies that permit significant reductions in GHG emissions
· Greater efficiency in transportation, including fuel switching and mass transport
· Waste management (methane emission) and construction of energy-efficient buildings
· Carbon reduction through reforestation and avoided deforestation

Examples of Adaptation Projects include, without limitation:
· Protection against flooding (including reforestation and watershed management)
· Food security improvement and stress-resilient agricultural systems which slow down
deforestation
· Sustainable forest management and avoided deforestation

The above examples of Mitigation Projects and Adaptation Projects are for il ustrative purposes only
and no assurance can be provided that disbursements for projects with these specific characteristics wil
be made by IBRD during the term of the Notes.

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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