<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
450 Fifth Street, N.W.
Washington, D.C. 20549
REPORT OF
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
In respect of its
U.S. Dollar 3,000,000,000 7.00% Global Notes of 2000, due January 27, 2005
Filed pursuant to Rule 3 of Regulation BW
Dated: January 21, 2000
<PAGE>
The following information regarding the U.S. Dollar 3,000,000,000 7.00%
Global Notes of 2000, due January 27, 2005 (the "Notes") of the International
Bank for Reconstruction and Development is being filed pursuant to Rule 3 of
Regulation BW. As authorized by Rule 4 of Regulation BW, certain information is
provided in the form of a Prospectus (the "Prospectus") for the Bank's Global
Debt Issuance Facility (the "Facility"), the most recent version of which (dated
October 7, 1997) is already on file with the Securities and Exchange Commission,
and in the form of an Information Statement (the "Information Statement"), the
most recent version of which (dated September 16, 1999) is already on file with
the Securities and Exchange Commission.
Item 1. DESCRIPTION OF OBLIGATIONS
(a) U.S. Dollar 3,000,000,000 7.00% Global Notes of 2000, due January
27, 2005.
(b) The interest rate will be 7.00%, payable semi-annually.
(c) Maturing January 27, 2005. The maturity of the Notes may be
accelerated if the Bank shall default in the payment of the
principal of, or interest on, or in the performance of any
covenant in respect of a purchase fund or a sinking fund for any
bonds, notes (including the Notes) or similar obligations which
have been issued, assumed or guaranteed by the Bank, such default
shall continue for a period of 90 days, a holder notifies the
Bank that it elects to declare the principal of Notes held by it
to be due and payable, and all such defaults have not been cured
by 30 days after such notice has been delivered. Any such notice
shall be accompanied by appropriate proof that the notifying
party is a Noteholder.
(d) Not applicable.
(e) Bank's standard negative pledge clause (see Condition 4 on page
22 of the Prospectus).
(f) Not applicable.
(g) No provisions have been made for the amendment or modification of
the terms of the obligations by the holders thereof or otherwise.
(h) See Prospectus, pages 6-10.
(i) Federal Reserve Bank of New York, 33 Liberty Street, New York,
New York, 10045.
Item 2. DISTRIBUTION OF OBLIGATIONS
The Bank will enter into a Terms Agreement with Goldman Sachs and Co.,
Lehman Brothers Inc., ABN AMRO Bank N.V., Barclays Bank plc, Credit Suisse
First Boston Corporation, Morgan Stanley & Co. Incorporated, PaineWebber
Incorporated, Charles
<PAGE>
Schwab & Co., Inc., and UBS AG, acting through its division Warburg Dillon
Read, (collectively, the "Managers"), pursuant to which the Bank will agree
to issue, and the Managers will agree to purchase, a principal amount of
the Notes aggregating U.S. Dollar 3,000,000,000 at 99.494% of par, less
commissions of 0.10%. The Notes will be offered for sale subject to
issuance and acceptance by the Managers and subject to prior sale. It is
expected that delivery of the Notes will be made on or about January 27,
2000.
The Terms Agreement provides that the obligations of the Managers are
subject to certain conditions, including the continued accuracy of the
Bank's representations and warranties set forth in the Bank's Standard
Provisions relating to the issuance of notes under the Global Debt Issuance
Facility (the "Standard Provisions"), the most recent version of which
(dated as of October 7, 1997) is already on file with the Securities and
Exchange Commission.
The Managers propose to offer all the Notes to the public at the public
offering price of 99.494%.
Item 3. DISTRIBUTION SPREAD
<TABLE>
<CAPTION>
Price to Selling Discounts Proceeds to the
Public and Commissions Bank(1)
<S> <C> <C>
Per Unit: 99.494% 0.10% 99.394%
Total: USD 2,984,820,000 USD 3,000,000 USD 2,981,820,000
</TABLE>
Item 4. DISCOUNTS AND COMMISSIONS TO SUB-UNDERWRITERS AND DEALERS
None
Item 5. OTHER EXPENSES OF DISTRIBUTION
As the Notes are offered as part of a continuous series of borrowings
under the Facility, precise expense amounts for this transaction are not
yet known.
Item 6. APPLICATION OF PROCEEDS
The net proceeds will be used in the general operations of the Bank.
Item 7. EXHIBITS
None
- -------------------------------
(1) Without deducting expenses of the Bank, which are not yet known.
