Bond IBRD 0.625% ( XS2365061931 ) in GBP

IBRD

88.36 % ▼

United States

XS2365061931 ( in GBP )

0.625% per year ( payment 1 time a year)

14/07/2028

Prospectus brochure of the bond IBRD XS2365061931 en GBP 0.625%, maturity 14/07/2028

14/07/2025 ( In 289 days )

The Bond issued by IBRD ( United States ) , in GBP, with the ISIN code XS2365061931, pays a coupon of 0.625% per year.
The coupons are paid 1 time per year and the Bond maturity is 14/07/2028

Final Terms dated 12 July 2021

International Bank for Reconstruction and Development

Issue of GBP 1,000,000,000 0.625 per cent. Notes due 14 July 2028

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.

MiFID II product governance / Retail investors, professional investors and ECPs target market 
See Term 28 below.
UK MiFIR product governance / Retail investors, professional investors and ECPs target market
 See Term 29 below.
SUMMARY OF THE NOTES
1.
Issuer:
International Bank for Reconstruction and Development
("IBRD")
2.
(i)
Series Number:
101381
(ii) Tranche Number:
1
3.
Specified Currency or Currencies
Sterling ("GBP")
(Condition 1(d)):
4.
Aggregate Nominal Amount:

(i)
Series:
GBP 1,000,000,000
(ii) Tranche:
GBP 1,000,000,000
5.
(i)
Issue Price:
99.590 per cent. of the Aggregate Nominal Amount
(ii) Net Proceeds:
GBP 994,400,000
6.
Specified Denominations
GBP 1,000 and multiples thereof
(Condition 1(b)):
7.
Issue Date:
15 July 2021
8.
Maturity Date (Condition 6(a)):
14 July 2028
9.
Interest Basis (Condition 5):
0.625 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis
Redemption at par
(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
15. Method of distribution:
Syndicated

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PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16. Fixed Rate Note Provisions
Applicable
(Condition 5(a)):
(i) Rate of Interest:
0.625 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
14 July in each year, from and including 14 July 2022 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 Convention:
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
GBP 1,000 per minimum 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 New York
provisions relating to payment dates
(Condition 7(h)):
22. Governing law (Condition 14):
English
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")."
DISTRIBUTION
24. (i) If syndicated, names of Managers
Merrill Lynch International
GBP 250,000,000
and underwriting commitments:
Deutsche Bank AG, London
GBP 250,000,000
Branch
J.P. Morgan Securities plc
GBP 250,000,000
NatWest Markets Plc
GBP 250,000,000
(ii) Stabilizing Manager(s) (if any):
Not Applicable
25. If non-syndicated, name of Dealer:
Not Applicable
26. Total commission and concession:
0.15 per cent. of the Aggregate Nominal Amount
27. Additional selling restrictions:
Not Applicable
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28. MiFID II product governance / Retail
Directive 2014/65/EU (as amended, "MiFID II") product
investors, professional investors and
governance / Retail investors, professional investors and
ECPs target markets:
eligible counterparties ("ECPs") target market: Solely for the

purposes of each manufacturer's product approval process, the

target market assessment in respect of the Notes has led to the
conclusion that (i) the target market for the Notes is ECPs,

professional clients and retail clients, each as defined in MiFID

II; and (ii) all channels for distribution of the Notes are

appropriate. Any person subsequently offering, selling or

recommending the Notes (a "distributor") should take into

consideration the manufacturers' target market assessment;
however, a distributor subject to MiFID II is responsible for

undertaking its own target market assessment in respect of the

Notes (by either adopting or refining the manufacturers' target

market assessment) and determining appropriate distribution

channels.

IBRD does not fall under the scope of application of the MiFID
II package. Consequently, IBRD does not qualify as an

"investment firm", "manufacturer" or "distributor" for the

purposes of MiFID II.

For the purposes of Term 28, "manufacturer" means each of the
Managers
29. UK MIFIR product governance /
Regulation (EU) No 600/2014 as it forms part of domestic law
Retail investors, professional
by virtue of the European Union (Withdrawal) Act 2018
investors and ECPs only target
market:
("UK MiFIR") product governance / Retail investors,
professional investors and ECPs only target market: Solely

for the purposes of the manufacturer's product approval process,
the target market assessment in respect of the Notes has led to the
conclusion that: (i) the target market for the Notes is only eligible
counterparties, as defined in the FCA Handbook Conduct of
Business Sourcebook ("COBS"), professional clients and retail
clients, as defined in UK MiFIR; and (ii) all channels for
distribution of the Notes are appropriate. Any person
subsequently offering, selling or recommending the Notes (a
"distributor") should take into consideration the manufacturer's
target market assessment; however, a distributor subject to the
FCA Handbook Product Intervention and Product Governance
Sourcebook (the "UK MiFIR Product Governance Rules") is
responsible for undertaking its own target market assessment in
respect of the Notes (by either adopting or refining the
manufacturer's target market assessment) and determining
appropriate distribution channels.
3

IBRD does not fall under the scope of application of UK MiFIR.
Consequently, IBRD does not qualify as an "investment firm",
"manufacturer" or "distributor" for the purposes of UK MiFIR.
For the purposes of Term 29, "manufacturer" means each of the
Managers.
OPERATIONAL INFORMATION

30. ISIN:
XS2365061931
31. Common Code:
236506193
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
No
which would allow Eurosystem
eligibility:
GENERAL INFORMATION
IBRD's most recent Information Statement was issued on 23 September 2020.

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 Eligible Sustainable
Development Projects.
"Eligible Sustainable Development Projects" means projects, programs and activities in IBRD's member
countries designed to achieve positive social and environmental impacts and outcomes in line with
IBRD's twin goals of eliminating extreme poverty and promoting shared prosperity.
Eligible Sustainable Development Projects undergo a rigorous review and internal approval process
which integrates IBRD's sustainability policies and environmental and social requirements.
IBRD's sustainable development bond framework ("SDBF"), as published from time to time, describes
the process for selecting, evaluating and reporting on Eligible Sustainable Development Projects and
contains descriptions and examples of such eligible projects.
The net proceeds from the sale of the Notes are not committed or earmarked for the lending to, or
financing of, any particular Eligible Sustainable Development Projects. Returns on Notes are not linked
to the performance of any particular Eligible Sustainable Development Projects. Prior to use, the net
proceeds from the sale of the Notes will be invested by IBRD's Treasury in accordance with IBRD's
liquid asset management investment policies. IBRD's administrative and operating expenses are covered
entirely by IBRD's various sources of revenue (net income) consisting primarily of net loan revenues and
investment income (as more fully described in the Information Statement). The SDBF and the
information set forth therein are not a part of, or incorporated by reference into, the Prospectus.

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
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