Obligation IBRD-Global 6.63% ( XS1860578993 ) en MXN

IBRD-Global

100 % ⇌

Etas-Unis

XS1860578993 ( en MXN )

6.63% par an ( paiement annuel )

24/07/2028

Prospectus brochure de l'obligation IBRD XS1860578993 en MXN 6.63%, échéance 24/07/2028

100 000 MXN

155 000 000 MXN

24/11/2025 ( Dans 23 jours )

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 ( Etas-Unis ) , en MXN, avec le code ISIN XS1860578993, paye un coupon de 6.63% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/07/2028

Final Terms dated 28 December 2018

International Bank for Reconstruction and Development

Issue of MXN 55,000,000 6.63 per cent. Notes due 24 July 2028
payable in United States Dollars
(to be consolidated and form a single series with the existing MXN 100,000,000 6.63 per
cent. Notes due 24 July 2028 payable in United States Dollars, issued on 30 July 2018)

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 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:
100491

(ii) Tranche Number:
2
3.
Specified Currency or
Mexican Peso ("MXN"), provided that all payments in respect
Currencies (Condition 1(d)):
of the Notes will be made in United States Dollars ("USD").
4.
Aggregate Nominal Amount:

(i)
Series:
MXN 155,000,000

(ii) Tranche:
MXN 55,000,000
5.
(i)
Issue Price:
100.00 per cent. of the Aggregate Nominal Amount of this
Tranche plus 10 days' accrued interest.
(ii) Net proceeds:
MXN 55,101,291.67 (equivalent to USD 2,751,693.76 at the
exchange rate of MXN 20.0245 per USD 1.00)
6.
Specified Denomination
MXN 100,000
(Condition 1(b)):
7. (i)
Issue Date:
4 January 2019
(ii)
Interest Commencement 24 December 2018

Date (Condition 5(l)):
8.
Maturity Date (Condition 6(a)): 24 July 2028
9.
Interest Basis (Condition 5):
6.63 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
Redemption at par payable in USD
(Condition 6):
(further particulars specified below)

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11. Change of Interest or
Not Applicable
Redemption/Payment Basis:

12. Call/Put Options (Condition 6): Not Applicable
13. Status of the Notes (Condition
Unsecured and unsubordinated
3):
14. Listing:
Luxembourg Stock Exchange
15. Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i)
Rate of Interest:
6.63 per cent. per annum payable monthly in arrear
(ii) Interest Payment Date(s): 24th day of each month, from and including 24 January 2019 to
and including the Maturity Date, not subject to adjustment in
accordance with a Business Day Convention
(iii) Interest Period Date(s):
Each Interest Payment Date
(iv) Business Day
Not Applicable
Convention:
(v) Fixed Coupon
The Fixed Coupon Amount shall be MXN 552.50 per Specified
Amount(s):
Denomination payable in USD and determined by the
Calculation Agent as follows on the applicable Rate Fixing Date:
MXN 552.50 divided by the Reference Rate on such
Rate Fixing Date (as defined in Term 19 below)
(rounded to the nearest two decimal places, 0.005
being rounded upwards).
(vi) Broken Amount(s):
Not Applicable.
(vii) Day Count Fraction
30/360
(Condition 5(l)):
(viii) Other terms relating to
See Term 17 below
the method of calculating
interest for Fixed Rate
Notes:
PROVISIONS RELATING TO REDEMPTION
17. Final Redemption Amount of
The Final Redemption Amount shall be MXN 100,000 per
each Note (Condition 6):
Specified Denomination payable in USD and determined by the

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Calculation Agent as follows on the Rate Fixing Date
immediately prior to the Maturity Date:
MXN 100,000 divided by the Reference Rate on such
Rate Fixing Date (as defined below)
(rounded to the nearest two decimal places, 0.005
being rounded upwards).

18. Early Redemption Amount
The Final Redemption Amount per Specified Denomination as
(Condition 6(c)):
determined in accordance with Term 17 above plus accrued and

unpaid interest, if any, as determined in accordance with Term
16, except that the Reference Rate shall be determined by the
Calculation Agent on the day that is five (5) Business Days prior
to the day on which the Early Redemption Amount shall be due
and payable (an "Early Redemption Rate Fixing Date") and
all the references to "Rate Fixing Date" shall be deemed to be
replaced by "Early Redemption Rate Fixing Date".
GENERAL PROVISIONS APPLICABLE TO THE NOTES
19. Additional Definitions and
"Business Day" means a day (other than a Saturday or a Sunday)
Disruption Provisions:
on which commercial banks and foreign exchange markets settle
payments and are open for general business (including dealings
in foreign exchange and foreign currency deposits) in London,
Mexico City, New York and Tokyo.
"Calculation Agent" means Citibank, N.A., London Branch, or
its duly appointed successor.
"Mexico City Business Day" means a day (other than a
Saturday or a Sunday) on which commercial banks and foreign
exchange markets settle payments and are open for general
business (including dealings in foreign exchange and foreign
currency deposits) in Mexico City.
"Rate Fixing Date" means the day that is five (5) Business Days
prior to the relevant Interest Payment Date, the Maturity Date or
the date upon which the Notes become due and payable as
provided in Condition 9, as applicable (the "Scheduled Rate
Fixing Date"). If such Scheduled Rate Fixing Date is an
Unscheduled Holiday, the Rate Fixing Date shall be the next
following Business Day, provided that, if the next day that would
have been a Business Day is also an Unscheduled Holiday, then
the Rate Fixing Date shall be such second Unscheduled Holiday.
If an Unscheduled Holiday occurs between the Rate Fixing Date
and the relevant Interest Payment Date, the Maturity Date or the
date upon which the Notes become due and payable as provided
in Condition 9, as applicable, such Rate Fixing Date shall not be
subject to any postponement or adjustment.
"Reference Rate" means in respect of a Rate Fixing Date, the
USD/MXN fixing rate, expressed as the amount of MXN per one

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USD, for settlement in two Mexico City Business Days, which
is published by the Banco de Mexico (www.banxico.org.mx), as
it appears on Thomson Reuters Screen MEX01, at
approximately 12:00 p.m. Mexico City time on such Rate Fixing
Date. If, for the relevant Rate Fixing Date, the Thomson Reuters
Screen MEX01 no longer reports such rate or is no longer
available and has not been replaced by any other page or service,
the Calculation Agent shall be entitled to obtain such USD/MXN
fixing rate as reported by the Banco de Mexico from any other
screen or information source that it deems appropriate in good
faith and in a commercially reasonable manner.
If it becomes impossible to obtain the USD/MXN fixing rate on
the relevant Rate Fixing Date as outlined in the previous
paragraph, then the USD/MXN fixing rate shall be determined
by the Calculation Agent, acting in good faith and in a
commercially reasonable manner, having taken into account
relevant market practice by reference to such additional sources
as it deems appropriate; and in such case the Calculation Agent
shall notify the Issuer and the Global Agent as soon as
reasonably practicable that the USD/MXN fixing rate is to be so
determined.
"Thomson Reuters Screen" means the display page so
designated on the Thomson Reuters service, or (i) any successor
display page, other published source, source, information vendor
or provider that has been officially designated by the sponsor of
the original page or source; or (ii) if the sponsor has not officially
designated a successor display page, an-other published source,
service or provider (as the case may be), the successor display
page, other published source, service or provider, if any,
designated by the relevant information vendor or provider (if
different from the sponsor).
"Unscheduled Holiday" means a day that is not a Mexico City
Business Day and this fact was not publicly known to market
participants (by means of a public announcement or by reference
to other publicly available information) until a time later than
9:00 a.m. local time in Mexico City, two Mexico City Business
Days prior to the relevant Rate Fixing Date.
20. 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, Mexico City, New York and Tokyo
special provisions relating to
payment dates (Condition 7(h)):
22. Governing law (Condition 14):
English

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23. Other final terms:
The first sentence of Condition 7(a)(ii) is hereby replaced by the
following: "Interest (which for the purpose of this Condition 7(a)
shall include all Instalment Amounts other than final Instalment
Amounts) on Registered Notes shall be paid to the person shown
on the Register at the close of business on the calendar day
before the due date for payment thereof (the "Record Date")".
24. Additional risk factors:
An investment in the Notes is subject to the risks described
below, as well as the risks described under "Risk Factors" in
the accompanying Prospectus.
Because the Notes are denominated in MXN and payable in
USD, the Noteholders will be exposed to currency exchange rate
risks with respect to such currencies. Changes in exchange rates
relating to any of the currencies involved may result in a
decrease in the effective yield of the Notes and, in certain
circumstances, could result in a loss of all or a substantial portion
of the principal of the Notes (including the Final Redemption
Amount). For example, if, on any Rate Fixing Date, MXN has
appreciated in value against USD, the payment in USD will be
higher. Conversely, a depreciation in value of MXN against
USD will have the opposite impact. Furthermore, since the
Noteholders will receive payments on the Notes only on the
Interest Payment Dates (including the Maturity Date), the
Noteholders will not benefit from favorable changes in exchange
rates at any other time during the term of the Notes.
Exchange rate movements for a particular currency are volatile
and are the result of numerous factors. A Noteholder's net
exposure will depend on the extent to which the payment
currency (USD) strengthens or weakens against the denominated
currency (MXN).
In addition, the Noteholders whose financial activities are
denominated principally in a currency (the "Investor's
Currency") other than any of the Specified Currencies, will also
be exposed to currency exchange rate risk that are not associated
with a similar investment in a security denominated or paid in
that Investor's Currency. For more information, please see
"Risk FactorsNotes are subject to exchange rate and exchange
control risks if the investor's currency is different from the
Specified Currency" in the accompanying Prospectus.
DISTRIBUTION
25. (i)
If syndicated, names of
Not Applicable
Managers and

underwriting
commitments:
(ii) Stabilizing Manager(s) (if Not Applicable
any):

5

26. If non-syndicated, name of
Barclays Bank PLC
Dealer:
27. Total commission and
Not Applicable
concession:
28. Additional selling restrictions:
The United Mexican States
The Notes have not been and will not be registered with the
National Registry of Securities and may not be publicly offered
in Mexico.
OPERATIONAL INFORMATION
29. ISIN Code:
XS1860578993
30. Common Code:
186057899
31. Delivery:
Delivery against payment
32. Registrar and Transfer Agent
Citibank, N.A., London Branch
(if any):
33. Intended to be held in a manner No

which would allow Eurosystem

eligibility:

GENERAL INFORMATION

IBRD's most recent Information Statement was issued on 17 September 2018.

USE OF PROCEEDS

Supporting sustainable development in IBRD's member countries.
The net proceeds from the sale of the Notes will be used by IBRD to finance sustainable
development projects and programs in IBRD's member countries (without being committed or
earmarked for lending to, or financing of, any particular projects or programs). IBRD's financing
is made available solely to middle-income and creditworthy lower-income member countries who
are working in partnership with IBRD to eliminate extreme poverty and boost shared prosperity, so
that they can achieve equitable and sustainable economic growth in their national economies and
find sustainable solutions to pressing regional and global economic and environmental problems.
Projects and programs supported by IBRD are designed to achieve a positive social impact and
undergo a rigorous review and internal approval process aimed at safeguarding equitable and
sustainable economic growth.

IBRD integrates five cross cutting themes into its lending activities helping its borrowing
members create sustainable development solutions: climate change; gender; jobs; public-private
partnerships; and fragility, conflict and violence.

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IBRD's administrative and operating expenses are covered entirely by IBRD's various sources
of revenue (net income) consisting primarily of interest margin, equity contribution and investment
income (as more fully described in the Information Statement).

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.

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RESPONSIBILITY

IBRD accepts responsibility for the information contained in these Final Terms.

Signed on behalf of IBRD:

By: ........................................................
Name:
Title:
Duly authorized