Obligation International Finance Corp 6.75% ( XS1956121963 ) en BRL

International Finance Corp

97.67 % ▲

Etas-Unis

XS1956121963 ( en BRL )

6.75% par an ( paiement annuel )

27/08/2024

Prospectus brochure de l'obligation International Finance Corp XS1956121963 en BRL 6.75%, échéance 27/08/2024

5 000 BRL

200 000 000 BRL

27/08/2024 ( Dans 130 jours )

L'Obligation émise par International Finance Corp ( Etas-Unis ) , en BRL, avec le code ISIN XS1956121963, paye un coupon de 6.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 27/08/2024

MiFID II product governance / Retail investors, professional investors and ECPs target market: The
Corporation does not fall under the scope of application of the MiFID II package. Consequently, the Corporation
does not qualify as an "investment firm", "manufacturer" or "distributor" for the purposes of MiFID II. Solely for
the purposes of the manufacturers 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 eligible counterparties, 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. For the purposes of this provision, the
expression manufacturer means the Relevant Dealer and the expression MiFID II means Directive 2014/65/EU, as
amended.
Final Terms dated 25 February 2019
International Finance Corporation
Issue of BRL 200,000,000 6.75 per cent. Notes due 27 August 2024
payable in United States dollars
under its
Global Medium-Term Note Program
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
Prospectus dated 3 June 2008. This document constitutes the Final Terms of the Notes described herein and must be
read in conjunction with the Prospectus. Full information on International Finance Corporation (the "Corporation")
and the offer of the Notes is only available on the basis of the combination of this Final Terms and the Prospectus.
The Prospectus may be obtained (without charge) from the office of the Corporation at International Finance
Corporation, 2121 Pennsylvania Avenue, N.W., Washington D.C., U.S.A. 20433 and is available for viewing at the
website of the Corporation (www.ifc.org) and copies may be obtained from the website of the Luxembourg Stock
Exchange (www.bourse.lu).

THE NOTES ARE NOT AN OBLIGATION OF THE INTERNATIONAL BANK FOR RECONSTRUCTION
AND DEVELOPMENT OR OF ANY GOVERNMENT.

1.
Issuer:
International Finance Corporation
2.
(i)
Series Number:
2047
(ii) Tranche Number:
1
3.
Specified Currency or Currencies:
Brazilian Real ("BRL") provided that all payments in respect of
the Notes will be made in United States dollars ("USD")
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4.
Aggregate Nominal Amount:

(i)
Series:
BRL 200,000,000
(ii) Tranche:
BRL 200,000,000
5.
Issue Price:
98.50 per cent. of the Aggregate Nominal Amount
6.
Specified Denominations:
BRL 5,000
7.
(i) Issue Date:
27 February 2019
(ii) Interest Commencement Date:
Issue Date
8.
Maturity Date:
27 August 2024
9.
Interest Basis:
6.75 per cent. Fixed Rate
(further particulars specified below)
10. Redemption/Payment Basis:
Redemption at par
(further particulars specified below)
11. Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Put/Call Options:
Not Applicable
13. Status of the Notes:
Senior
14. Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Note Provisions:
Applicable
(i)
Rate of Interest:
6.75 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
27 August in each year commencing on 27 August 2020 to, and
including, the earlier of the Early Redemption Date or the
Maturity Date (subject to adjustment in accordance with the
Following Business Day Convention).
For the avoidance of doubt, no additional interest or other
additional amounts shall be payable by the Corporation in the
event that the relevant Interest Payment Date is so adjusted.
(iii) Fixed Coupon Amount(s):
An amount per Specified Denomination determined by the
Determination Agent as calculated below:
(a)
BRL 337.50; divided by
(b)
Reference Rate,
subject to Definitions and Disruption Provisions in item 15(vii)
below.
The result will be rounded to the nearest USD 0.01 (USD 0.005
being rounded upwards).
(iv) Broken Amount(s):
In respect of the long first coupon, an amount per Specified
Denomination determined by the Determination Agent as
calculated below:
(a)
BRL 504.86; divided by
(b)
Reference Rate, and
subject to Definitions and Disruption Provisions in item 15(vii)
below.
The result will be rounded to the nearest USD 0.01 (USD 0.005
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being rounded upwards).
(v) Day Count Fraction:
Actual/Actual-ICMA
(vi) Determination Dates:
27 August in each year from and including 27 August 2020, to
an including the Maturity Date
(vii) Other terms relating to the
Definitions and Disruption Provisions:
method of calculating interest
If, in respect of a Rate Fixing Date, the Determination Agent
for Fixed Rate Notes:
determines that the BRL-PTAX Rate is not available or an
Exchange Rate Divergence has occurred or exists in respect of
the BRL-PTAX Rate on the Rate Fixing Date, the Determination
Agent shall obtain the Reference Rate for the Rate Fixing Date
in good faith and in a commercially reasonable manner, having
taken into account relevant market practice.
For the avoidance of doubt, no additional interest or other
additional amounts shall be payable by the Corporation in the
event that the relevant Interest Payment Date, the Early
Redemption Date or the Maturity Date is adjusted in accordance
with the Following Business Day Convention or this item
15(vii).
Where:
"BRL-PTAX Rate" means, in respect of the relevant Rate
Fixing Date, the BRL/USD offered rate for USD, expressed as
the amount of BRL per USD 1, for settlement in two (2)
Valuation Business Days reported by the Banco Central do
Brasil (www.bcb.gov.br; see "Cotações e boletins") by
approximately 1:15 p.m. (São Paulo time) on such Rate Fixing
Date.
"BRL Reference Amount" means BRL 200,000,000.
"Business Day" means for such purpose any day on which
commercial banks are open for general business (including
dealing in foreign exchange and foreign currency deposits) in
New York, London and Brazil. For the avoidance of doubt,
"Brazil" means any of Rio de Janeiro, Brasilia or São Paulo.
"Determination Agent" means JPMorgan Chase Bank N.A.,
London.
"Early Redemption Date" means the day on which the Notes
become due and payable in accordance with Condition 9 (Events
of Default) subject to adjustment in accordance with the
Following Business Day Convention.
"Exchange Rate divergence" means, with respect to the PTAX
Rate, and upon notice to the EMTA Inc. ("EMTA")
membership, that, in the reasonable and independent judgement,
as notified to EMTA in accordance with the EMTA BRL
Exchange Rate Divergence Procedures published by EMTA on
22 January 2018, of not less than seven (7) unaffiliated EMTA
members that are recognized market makers active in the
BRL/USD foreign exchange market (no less than four (4) of
which shall be active participants in the onshore BRL/USD spot
market), the BRL-PTAX Rate (following a split of the exchange
rates in Brazil or otherwise) no longer reflects the then-
prevailing BRL/USD spot rate for standard-size wholesale
financial transactions involving the exchange of BRL for USD
delivered outside of Brazil.
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"Final Rate Fixing Date" means the Rate Fixing Date in
respect of the Maturity Date.
"Following Business Day Convention" means, in respect of
any date referred to in these Final Terms that is specified to be
subject to adjustment in accordance with a Business Day
Convention, such date shall be postponed to the next day that is
a Business Day.
"Number of Notes" means 40,000 (Issue Amount divided by
the Specified Denomination).
"Rate Fixing Date" means, in respect of an Interest Payment
Date, Early Redemption Date or Maturity Date, as applicable,
the date that is two (2) Valuation Business Days before such
Interest Payment Date, Early Redemption Date or Maturity
Date, as applicable, provided however that if such date is an
Unscheduled Holiday, the Rate Fixing Date shall be the next
Valuation Business Day, provided further that if no Valuation
Business Day occurs for a successive period of 30 calendar
days, the BRL-PTAX Rate will be determined by the
Determination Agent on the following Business Day in its sole
discretion acting in good faith in a commercially reasonable
manner having taken into account relevant market practice and
by reference to such additional sources as it deems appropriate.
If a Rate Fixing Date is adjusted in accordance with the
Following Business Day Convention or a Rate Fixing Date in
respect of an Interest Payment Date, Early Redemption Date or
Maturity Date, as applicable, is not a Valuation Business Day,
then the Interest Payment Date, Early Redemption Date or
Maturity Date, as applicable, relating to such Rate Fixing Date
shall be soon as practicable, but in no event later than two (2)
Business Days after the date on which the Reference Rate for
such Interest Payment Date, Early Redemption Date or Maturity
Date, as applicable, is determined. If any Interest Payment Date,
Early Redemption Date or Maturity Date is adjusted in
accordance with the preceding sentence, then such adjustment
(and the corresponding payment obligations to be made on such
dates) shall apply only to such Interest Payment Date, Early
Redemption Date or Maturity Date, as applicable, and no further
adjustment shall apply to the amount of interest payable.
"Reference Rate" means, in respect of a Rate Fixing Date, the
BRL-PTAX Rate, subject to the Definitions and Disruption
Provisions in this item 15(vii).
"Unscheduled Holiday" means, a day that is not a Valuation
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.
local time in São Paulo two Business Days prior to the relevant
Rate Fixing Date.
"Valuation Business Day" means, for such purpose any day on
which commercial banks are open for general business
(including dealing in foreign exchange and foreign currency
deposits) in Rio de Janeiro, Brasilia, São Paulo and New York.
16. Floating Rate Note Provisions:
Not Applicable
17. Zero Coupon Note Provisions:
Not Applicable
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18. Index Linked Interest Note/other
Not Applicable
variable-linked interest Note
Provisions:
19. Dual Currency Note Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20. Call Option I:
Not Applicable
21. Put Option:
Not Applicable
22. Final Redemption Amount of each
An amount per Specified Denomination payable in USD and
Note:
determined by the Determination Agent on the Final Rate Fixing
Date by applying the following formula:
BRL 5,000 divided by the Reference Rate (as defined in Item
15(vii) above)
23. Early Redemption Amount:

Early Redemption Amount(s) per
The Final Redemption Amount of the Notes, as determined in
Specified Denomination payable on
accordance with item 22 above (provided that the Rate Fixing
event of default or other early
Date shall be the Rate Fixing Date in respect of such Early
redemption and/or the method of
Redemption Date) plus accrued and unpaid interest, if any, as
calculating the same (if required or if
determined in accordance with item 15 above; provided that, for
different from that set out in the
the purposes of such determination, the relevant Interest Period
Conditions):
shall be the period beginning on, and including, the Interest
Payment Date falling immediately prior to the date upon which
the Notes become due and payable to, but excluding, the date
upon which the Notes become due and payable.
GENERAL PROVISIONS APPLICABLE TO THE NOTES
24. Form of Notes:
Registered Notes:

Global Registered Certificate available on Issue Date
25. New Global Note (NGN):
No
26. Financial Centre(s) or other special
New York, London and any of Rio de Janeiro, Brasilia or São
provisions relating to payment dates:
Paulo
27. Talons for future Coupons or
No
Receipts to be attached to Definitive
Notes (and dates on which such
Talons mature):
28. Details relating to Partly Paid Notes:
Not Applicable
amount of each payment comprising
the Issue Price and date on which
each payment is to be made and
consequences (if any) of failure to
pay, including any right of the
Corporation to forfeit the Notes and
interest due on late payment:
29. Details relating to instalment Notes:
Not Applicable
amount of each instalment, date on
which each payment is to be made:
30. Redenomination, renominalisation
Not Applicable
and reconventioning provisions:
31. Consolidation provisions:
Not Applicable
32. Additional terms:
Applicable, the Corporation reserves its right at any time
without the consent of Noteholders to make any modification to
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the Notes which is of a formal, minor or technical nature or
which is made to correct a manifest error
(i)
Governing law:
English
DISTRIBUTION
33. (i) If syndicated, names and
Not Applicable
addresses of Managers and
underwriting commitments:

(ii) Date of Terms Agreement:
25 February 2019
(iii) Stabilizing Manager(s) (if any):
Not Applicable
34. If non-syndicated, name and address
J.P. Morgan Securities plc
of Dealer:
25 Bank Street
Canary Wharf
London
E14 5JP
35. Total commission and concession:
Not Applicable

36. Additional selling restrictions:
Not Applicable
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RESPONSIBILITY
The Corporation accepts responsibility for the information contained in this Final Terms.
Signed on behalf of the Corporation:
By:
.............................................................

Duly authorised
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PART B OTHER INFORMATION
1. LISTING
(i)
Listing:
Luxembourg
(ii)
Admission to trading:
Application will be made for the Notes to be admitted to the Official
List of the Luxembourg Stock Exchange and to trading on the

Luxembourg Stock Exchange's regulated market with effect from 27
February 2019.
2. RATINGS
Ratings:
The Notes to be issued have been rated:

S&P: AAA
Moody's: Aaa
3. INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Plan of Distribution" in the Prospectus, so far as the Corporation is aware, no person
involved in the offer of the Notes has an interest material to the offer.
4. OPERATIONAL INFORMATION
Intended to be held in a manner which
No
would allow Eurosystem eligibility:
ISIN Code:
XS1956121963
Common Code:
195612196
Any clearing system(s) other than Euroclear
Not Applicable
Bank S.A./N.V., Clearstream Banking S.A.
and The Depository Trust Company and the
relevant identification number(s):
Delivery:
Delivery against payment
Names and addresses of additional Paying
Not Applicable
Agent(s) (if any):
5. GENERAL
Applicable TEFRA exemption:
Not Applicable

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