Obligation Interamerican Development Bank 2.7% ( AU3CB0287910 ) en AUD

Interamerican Development Bank

100 % ▲

Etas-Unis

AU3CB0287910 ( en AUD )

2.7% par an ( paiement annuel )

29/01/2026 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) AU3CB0287910 en AUD 2.7%, échue

500 000 AUD

300 000 000 AUD

La Banque interaméricaine de développement (BID) est une institution financière de développement multilatérale qui ?uvre à améliorer la vie des habitants de l'Amérique latine et des Caraïbes en finançant des projets de développement économique, social et environnemental.

L'Obligation émise par Interamerican Development Bank ( Etas-Unis ) , en AUD, avec le code ISIN AU3CB0287910, paye un coupon de 2.7% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 29/01/2026

Series No.:
026
Tranche No.: A
Date:
29 March 2022
INTER-AMERICAN DEVELOPMENT BANK
Australian Dollar Medium Term Note Program
issue of
A$300,000,000 2.70% Medium Term Notes due 29 January 2026
("MTNs")
The Program has been rated AAA by Standard & Poor's
and Aaa by Moody's Investors Service, Inc.
Each offer to purchase or invitation to buy MTNs must (a) constitute an offer or invitation which does not require
disclosure to investors under Parts 6D.2 or 7.9 of the Corporations Act 2001 of Australia such that the amount
payable by each person who subscribes for MTNs must be at least A$500,000 (disregarding moneys lent by the
offeror or its associates), and (b) must comply with Banking exemption No. 1 dated 21 March 2018 promulgated
by the Australian Prudential Regulation Authority as if it applied to the Issuer, mutatis mutandis. The sale of the
MTNs is also subject to other selling restrictions as set out in the Information Memorandum dated 18 December
2009 and this Pricing Supplement.
The Issuer is not a bank which is authorised under the Banking Act 1959 of Australia. The
MTNs are not the obligations of any government and, in particular, are not guaranteed by
the Commonwealth of Australia.
This Pricing Supplement (as referred to in the Information Memorandum dated 18 December 2009
("Information Memorandum") and Deed Poll dated 16 July 1999, as amended and restated on 18
December 2009, together the "Deed Poll" in relation to the above Program) relates to the Tranche
of MTNs referred to above.
The Terms and Conditions of the MTNs are as set out on pages 12 to 28 of the Information
Memorandum, as supplemented and amended by this Pricing Supplement. The MTNs are
constituted by the Deed Poll. Terms used but not defined in this Pricing Supplement have the
meanings given to them in the Information Memorandum.
The most recent Information Statement incorporated by reference in the Information Memorandum
is dated 25 February 2022.
The particulars to be specified in relation to such Tranche are as follows:
56401947_4

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1
Description of MTNs:
Fixed Rate MTNs
2
Issuer:
Inter-American Development Bank
3
Registrar:
Reserve Bank of Australia
4
Type of Issue:
Underwritten
5
Dealers:
Australia and New Zealand Banking Group
Limited (ABN 11 005 357 522)
Commonwealth Bank of Australia (ABN 48
123 123 124)
J.P. Morgan Securities Australia Limited
(ABN 61 003 245 234)
6
Currency:

-
of Denomination
Australian dollars
-
of Payment
Australian dollars
7
Aggregate principal amount of Tranche:
A$300,000,000
8
If interchangeable with existing Series:
Not applicable
9
Issue Date:
31 March 2022
10
Issue Price:
99.875% of the Aggregate principal amount
of the Tranche (plus accrued interest of 61
days of A$1,365,000 for the period from and
including 29 January 2022 to but excluding
31 March 2022)
11
Denomination:
A$1,000, subject to the requirement that the
amount payable by each person who
subscribes for MTNs when issued in or
transferred within Australia must be at least
A$500,000.
In addition, the issue and the transfer of
MTNs in Australia must comply with
Banking exemption No. 1 of 2018 dated
21 March
2018
promulgated
by
the
Australian Prudential Regulation Authority as
if it applied to the Issuer mutatis mutandis
(and which requires all offers of any parcels
of MTNs to be for an aggregate principal
amount of at least A$500,000).

- 3 -
12
Definition of Business Day:
A day (other than a Saturday or Sunday) on
which commercial banks are open for general
banking business in Sydney.
13
Interest:
(a)
If Interest bearing:
(i)
Interest Rate:
2.70% per annum paid semi-annually in
arrear.
(ii)
Interest Amount:
A$13.50 per MTN on each Interest Payment
Date.
(iii)
Interest Payment Dates:
29 January and 29 July of each year,
commencing on 29 July 2022 and ending on
the Maturity Date
(iv)
Interest Period End Dates:
Interest Payment Dates
(v)
Applicable Business Day
Following
Convention:
-
for Interest Payment
As above
Dates:
-
for Maturity Date:
Unadjusted
-
for Interest Period
Unadjusted
End Dates:
-
any other dates:
As above
(vi)
Day Count Fraction:
RBA Bond Basis, which means one divided
by the number of Interest Payment Dates in a
year (or in respect of the calculation of
interest for any period of time where the
Calculation Period does not constitute an
Interest Period, the actual number of days in
the Calculation Period divided by 365 (or, if
any portion of the Calculation Period falls in
a leap year, the sum of:
(i)
the actual number of days in that
portion of the Calculation Period
falling in a leap year divided by 366;
and
(ii)
the actual number of days in that
portion of the Calculation Period
falling in a non-leap year divided by
365)).

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(vii)
Interest Commencement
29 January 2022
Date:
(viii)
Minimum Interest Rate:
Not applicable
(ix)
Maximum Interest Rate:
Not applicable

(x)
Issue Yield:
2.734% per annum (semi-annual)

(b)
If non-interest bearing:

-
Amortisation Yield:
Not applicable
14
Maturity Date:
29 January 2026
15
Maturity Redemption Amount:
Outstanding Principal Amount
16
Early Termination Amount:
Outstanding Principal Amount
17
Any Clearing System other than
Interests in MTNs traded in the Austraclear
Austraclear:
System may also be traded through Euroclear
and Clearstream, Luxembourg.
See the section of the Information
Memorandum entitled "Clearing System" on
page 10.
18
Additional Tax Consequences and
See the section of the Information
Disclosure:
Memorandum entitled "Taxation" on pages
33 to 37, amended as set out in Schedule A to
the Pricing Supplement.
19
Other Conditions:
Not applicable
20
Selling Restrictions:
The Selling Restrictions are amended as set
out in Schedule B to this Pricing Supplement
and, in addition, the MTNs will not be
offered, sold or distributed, directly or
indirectly, in the United States of America, its
territories or possessions or to, or for the
account or benefit of, U.S. Persons (as such
term is defined in Rule 902(k) of Regulation
S under the United States Securities Act of
1933, as amended).
21
Address for Notices (if necessary):
Not applicable
22
Listing:
Not applicable
23
ISIN:
AU3CB0287910
24
Common Code:
246279870

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General Information
Additional Information Regarding the MTNs
The language set out under the heading "Use of Proceeds" in section entitled "Program Summary"
of the Information Memorandum shall be deleted in its entirety and replaced by the following:
"An amount equal to the net proceeds of the issue of the MTNs (which proceeds may be converted
into other currencies) shall be recorded by IADB in a separate sub-account supporting Eligible
Projects. These proceeds will be invested in accordance with IADB's conservative liquidity
investment guidelines until used to support IADB's financing of Eligible Projects. So long as the
MTNs are outstanding and the account has a positive balance, the Bank shall direct an amount equal
to such net proceeds to its lending projects within the fields of Education, Youth, and Employment,
subject to and in accordance with IADB's policies. As disbursements are made for Eligible
Projects, corresponding amounts from the account are allocated to the lending pool on a semi-
annual basis.
"Eligible Projects" means all projects funded, in whole or in part, by IADB that promote early
childhood care and education, through formal primary and secondary education, or facilitate labor
market placement by improving the transition from school to work through vocational training.
Eligible Projects may include projects in Latin America and the Caribbean that target (a) early
childhood development, effective teaching and learning among children and youth ("Education
Projects"), (b) early childhood care and youth-at-risk programs ("Youth Projects") or (c) labor
intermediation systems, job opportunities and workforce skills ("Employment Projects").
Examples of Education Projects include, without limitation:

Early childhood development programs;

Primary education programs, which includes teacher training, bilingual education, literacy,
math and science education and school infrastructure;

Secondary education programs, which includes programs directed to improving retention
and graduation, developing teaching and learning methods and providing assistance to
disadvantaged children;

Compensatory education programs;

Teacher education and effectiveness programs; and

E-education programs.
Examples of Youth Projects include, without limitation:

Support for parents and caregivers to improve quality of child care; and

Youth-At-Risk programs which support interventions, policy design, and/or impact
evaluations to benefit at-risk youth.
Examples of Employment Projects include, without limitation:

School-to-Work transition programs;

Vocational and technical education programs;

Human resources and workforce development programs;

Labor intermediation systems; and

Vocational and Workforce training programs, directed at improving social and labor
acclimation for youth, unemployed adults and active workers.

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The above examples of Education Projects, Youth Projects and Employment Projects are for
illustrative purposes only and no assurance can be provided that disbursements for projects with
these specific characteristics will be made by IADB during the term of the MTNs."
CONFIRMED
Inter-American Development Bank
By:
Gustavo Alberto De Rosa
Title: Vice President for Finance and Administration & Chief Financial Officer and General
Manager, Finance Department
Date: 29 March 2022

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SCHEDULE A
The section entitled "United States Taxation" set out on pages 33 and 37 of the Information
Memorandum is deleted and replaced with the following:
United States Taxation
United States Internal Revenue Service Circular 230 Notice: To ensure compliance with Internal
Revenue Service Circular 230, you are hereby notified that (a) any discussion of United States federal
tax issues contained or referred to in this Information Memorandum or any document referred to herein
is not intended or written to be used, and cannot be used, by you for the purpose of avoiding penalties
that may be imposed on you under the United States Internal Revenue Code, (b) such discussion is
written for use in connection with the promotion or marketing of the transactions or matters addressed
herein, and (c) you should seek advice based on your particular circumstances from an independent tax
advisor.
This section describes certain United States federal income tax consequences of owning the MTNs and
certain provisions of the Bank Agreement concerning the taxation of the MTNs. It applies only to MTN
Holders acquiring MTNs in the offering who hold such MTNs as capital assets for tax purposes. This
section does not apply to an MTN Holder that is a member of a class of holders subject to special rules,
such as:

a dealer in securities or currencies;

a trader in securities that elects to use a mark-to-market method of accounting for its securities
holdings;

a bank;

a life insurance company;

a tax-exempt organization;

a person that owns MTNs that are a hedge or that are hedged against interest rate or currency
risks;

a person that owns MTNs as part of a straddle or conversion transaction for tax purposes;

a person that purchases or sells MTNs as part of a wash sale for tax purposes; or

a United States MTN Holder, as defined below, whose functional currency for tax purposes is
not the United States Dollar.
This section is based on the Internal Revenue Code of 1986, as amended ("Code"), its legislative
history, existing and proposed regulations under the Code, published rulings and court decisions, all as
currently in effect. These laws are subject to change, possibly on a retroactive basis.
This section applies only to MTNs issued on a fully paid basis, that bear interest at a fixed rate, that are
not issued with original issue discount, and that do not provide for amortization payments prior to
maturity. Accordingly, this section does not apply to MTNs that are non-interest bearing, that provide
for floating interest payments, or that are issued on a partly paid basis. If any MTNs are subject to
special rules (for example, the rules regarding original issue discount or contingent payment debt
instruments), such rules will be discussed in the applicable Pricing Supplement.
Notwithstanding any of the tax information provided in this Information Memorandum, which
does not purport to be complete, all persons considering the purchase of the MTNs should
consult their own tax advisor concerning the consequences of owning these MTNs in their
particular circumstances under the Code and the laws of any other taxing jurisdiction.

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1.
Tax Status General
The MTNs and the interest thereon generally will be subject to taxation.
The Bank Agreement provides that the MTNs and the interest thereon are not subject to any
tax by a member of the Issuer (a) which tax discriminates against the MTNs solely because
they are issued by the Issuer, or (b) if the sole jurisdictional basis for the tax is the place or
currency in which the MTNs are issued, made payable or paid, or the location of any office or
place of business maintained by the Issuer. Also, under the Bank Agreement, the Issuer is not
under any obligation to withhold or pay any tax imposed by any member on the MTNs.
Accordingly, payments on the MTNs will be made to the Registrar without deduction in respect
of any such tax.
The imposition of United States federal income tax in the manner described herein is not
inconsistent with the provisions of the Bank Agreement.
2.
Tax Status United States
The United States Treasury Department has issued to the Issuer rulings dated May 4, 1988 and
May 5, 1989 ("Rulings") regarding certain United States tax consequences under the Code of
the receipt of interest on securities issued by the Issuer. The Rulings provide that interest paid
by the Issuer on such securities, including payments attributable to accrued original issue
discount, constitutes income from sources outside the United States. The Rulings further
determine that neither the Issuer nor an agent appointed by it as principal for the purpose of
paying interest on securities issued by the Issuer is required to withhold tax on interest paid by
the Issuer.
Under the Rulings, interest paid by the Issuer ordinarily would not be subject to United States
federal income tax, including withholding tax, if paid to a non-resident alien individual (or foreign
partnership, estate or trust) or to a foreign corporation, whether or not such person is engaged
in trade or business in the United States. However, absent any special statutory or treaty
exception, such interest would be subject to United States federal income tax in the following
cases: (i) such interest is derived by such person in the active conduct of a banking, financing
or similar business within the United States and such interest is attributable to an office or other
fixed place of business of such person within the United States, or (ii) such person is a foreign
corporation taxable as an insurance company carrying on a United States insurance business
and such interest is attributable to its United States business.
3.
United States MTN Holders
This section describes the tax consequences to a United States MTN Holder. An MTN Holder
is a United States MTN Holder if it is a beneficial owner of an MTN and is:

a citizen or resident of the United States;

a domestic corporation;

an estate whose income is subject to United States federal income tax regardless of its
source; or

a trust if a United States court can exercise primary supervision over the trust's
administration and one or more United States persons are authorized to control all
substantial decisions of the trust.
Except for portions that explicitly address foreign persons, this section does not apply to MTN
Holders who are not United States MTN Holders.
4.
Payments of Interest
MTN Holders will be taxed on any interest on their MTNs as ordinary income at the time such
holder receives the interest or when it accrues, depending on such holder's method of
accounting for tax purposes.

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Cash Basis Taxpayers. If an MTN Holder is a taxpayer that uses the cash receipts and
disbursements method of accounting for tax purposes, such MTN Holder must recognize
income equal to the United States Dollar value of each Australian dollar interest payment
received, based on the exchange rate in effect on the date of receipt, regardless of whether
such MTN Holder actually converts such payment into United States Dollars.
Accrual Basis Taxpayers. If an MTN Holder is a taxpayer that uses an accrual method of
accounting for tax purposes, such MTN Holder may determine the amount of income that such
holder recognizes with respect to each Australian dollar interest payment using one of two
methods. Under the first method, such MTN Holder will determine the amount of income
accrued based on the average exchange rate in effect during the interest accrual period or, with
respect to an accrual period that spans two taxable years, that part of the period within the
taxable year.
If such MTN Holder elects the second method, such MTN Holder would determine the amount
of income accrued on the basis of the exchange rate in effect on the last day of the accrual
period, or, in the case of an accrual period that spans two taxable years, the exchange rate in
effect on the last day of the part of the period within the taxable year. Additionally, under this
second method, if such MTN Holder receives a payment of interest within five business days of
the last day of such MTN Holder's accrual period or taxable year, such MTN Holder may instead
translate the interest accrued into United States Dollars at the exchange rate in effect on the
day that such MTN Holder actually receives the interest payment. If such MTN Holder elects
the second method it will apply to all debt instruments that such MTN Holder holds at the
beginning of the first taxable year to which the election applies and to all debt instruments that
such MTN Holder subsequently acquires. Such MTN Holders may not revoke this election
without the consent of the Internal Revenue Service.
When such MTN Holders actually receive an interest payment, including a payment attributable
to accrued but unpaid interest upon the sale or retirement of their MTNs, for which such MTN
Holder accrued an amount of income, such MTN Holder will recognize ordinary income or loss
measured by the difference, if any, between the exchange rate that such MTN Holder used to
accrue interest income and the exchange rate in effect on the date of receipt, regardless of
whether such holder actually converts the payment into United States Dollars.
For foreign tax credit limitation purposes, interest paid by the Issuer on the MTNs will be income
from sources outside the United States and will, depending on the MTN Holder's circumstances,
be either "passive income" or "general income" for purposes of computing the foreign tax credit
allowable to an MTN Holder.
5.
Purchase, Sale and Retirement of the MTNs
An MTN Holder's tax basis in an MTN will generally be the United States Dollar cost, as defined
below, of the MTN. If an MTN Holder purchases an MTN with Australian dollars, the United
States Dollar cost of the MTN will generally be the United States Dollar value of the purchase
price on the date of purchase. However, if such MTN Holder is a cash basis taxpayer, or an
accrual basis taxpayer if such MTN Holder so elects, and the MTN is traded on an established
securities market, as defined in the applicable United States Treasury regulations, the United
States Dollar cost of the MTN will be the United States Dollar value of the purchase price on
the settlement date of the purchase.
An MTN Holder will generally recognize gain or loss on the sale or retirement of the MTN equal
to the difference between the amount such MTN Holder realizes on the sale or retirement and
such MTN Holder's tax basis in the MTN. If the MTN is sold or retired for an amount in Australian
dollars, the amount realized will be the United States Dollar value of such amount on:

the date of disposition, if the MTNs are not traded on an established securities market,
as defined in the applicable United States Treasury regulations; or

the settlement date for the sale, if the MTNs are traded on an established securities
market, as defined in the applicable United States Treasury regulations, and the MTN
Holder is a cash basis taxpayer, or an accrual basis taxpayer that so elects.

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An MTN Holder will recognize capital gain or loss when such MTN Holder sells or retires the
MTNs, except to the extent:

attributable to accrued but unpaid interest; or

attributable to changes in exchange rates as described below.
Capital gain of a non-corporate MTN Holder is generally taxed at preferential rates where the
property is held more than one year.
An MTN Holder must treat any portion of the gain or loss that such MTN Holder recognizes on
the sale or retirement of an MTN as ordinary income or loss to the extent attributable to changes
in exchange rates. However, such MTN Holder takes exchange gain or loss into account only
to the extent of the total gain or loss realized on the transaction.
6.
Exchange of Amounts in Other Than United States Dollars
If an MTN Holder receives Australian dollars as interest on an MTN or on the sale or retirement
of an MTN, such holder's tax basis in Australian dollars will equal its United States Dollar value
when the interest is received or at the time of the sale or retirement. If such MTN Holder
purchases Australian dollars, such MTN Holder generally will have a tax basis equal to the
United States Dollar value of the Australian dollars on the date of the purchase. If such MTN
Holder sells or disposes of Australian dollars, including if such MTN Holder uses it to purchase
MTNs or exchange it for United States Dollars, any gain or loss recognized generally will be
ordinary income or loss.
7.
Medicare Tax
An MTN Holder that is an individual or estate, or a trust that does not fall into a special class of
trusts that is exempt from such tax, is subject to a 3.8% tax on the lesser of (1) the holder's "net
investment income" for the relevant taxable year and (2) the excess of the holder's modified
adjusted gross income for the taxable year over a certain threshold (which in the case of
individuals is between $125,000 and $250,000, depending on the individual's circumstances).
An MTN Holder's net investment income generally includes its interest income and its net gains
from the disposition of MTNs, unless such interest income or net gains are derived in the
ordinary course of the conduct of a trade or business (other than a trade or business that
consists of certain passive or trading activities). An MTN Holder that is an individual, estate or
trust is urged to consult a tax advisors regarding the applicability of the Medicare tax to the
holder's income and gains in respect of the holder's investment in the MTNs.
8.
Treasury Regulations Requiring Disclosure of Reportable Transactions
United States Treasury regulations require United States taxpayers to report certain
transactions that give rise to a loss in excess of certain thresholds (a "Reportable
Transaction"). Under these regulations, an MTN Holder that recognizes a loss with respect to
the MTNs that is characterized as an ordinary loss due to changes in currency exchange rates
(under any of the rules discussed above) would be required to report the loss on Internal
Revenue Service Form 8886 (Reportable Transaction Statement) if the loss exceeds the
thresholds set forth in the regulations. For individuals and trusts, this loss threshold is
US$50,000 in any single taxable year. For other types of taxpayers and other types of losses,
the thresholds are higher. An MTN Holder should consult with the holder's tax advisor regarding
any tax filing and reporting obligations that may apply in connection with acquiring, owning and
disposing of MTNs.
9.
Foreign Account Tax Compliance Withholding
Certain non-U.S. financial institutions must comply with information reporting requirements or
certification requirements in respect of their direct and indirect United States shareholders
and/or United States accountholders to avoid becoming subject to withholding on certain
payments. Those non-U.S. financial institutions may accordingly be required to report
information to the Internal Revenue Service regarding the holders of MTNs. MTN Holders are