Obligation Interamerican Development Bank 0.75% ( CA458182EE85 ) en CAD

Interamerican Development Bank

100 % ▲

Etas-Unis

CA458182EE85 ( en CAD )

0.75% par an ( paiement semestriel )

14/10/2025 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) CA458182EE85 en CAD 0.75%, échue

1 000 CAD

600 000 000 CAD

458182EE8

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 CAD, avec le code ISIN CA458182EE85, paye un coupon de 0.75% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 14/10/2025

EXECUTION VERSION

PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 761

CAD600,000,000 0.75 percent Notes due October 15, 2025

Issue Price: 99.915 percent

Application has been made for the Notes to be admitted to the
Official List of the Financial Conduct Authority and
to trading on the London Stock Exchange plc's
Regulated Market

RBC Dominion Securities
Scotiabank
TD Securities

The date of this Pricing Supplement is September 9, 2020.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 761
CAD600,000,000 0.75 percent Notes due October 15, 2025

DC_LAN01:385543.2

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 July 28, 2020 (the "Prospectus")
(which for the avoidance of doubt does not constitute a prospectus for the purposes of Part VI of
the United Kingdom Financial Services and Markets Act 2000 or a base prospectus for the
purposes of Regulation (EU) 2017/1129). This Pricing Supplement must be read in conjunction
with the Prospectus. This document is issued to give details of an issue by the Inter-American
Development Bank (the "Bank") under its Global Debt Program and to provide information
supplemental to the Prospectus. Complete information in respect of the Bank and this offer of the
Notes is only available on the basis of the combination of this Pricing Supplement and the
Prospectus.

MiFID II product governance / Retail investors, professional investors and ECPs target
market See "General Information--Additional Information Regarding the Notes--Matters
relating to MiFID II" below.

Terms and Conditions

The following items under this heading "Terms and Conditions" are the particular terms which
relate to the issue the subject of this Pricing Supplement. Together with the applicable
Conditions (as defined above), which are expressly incorporated hereto, these are the only terms
that form part of the form of Notes for such issue.
1.
Series No.:
761
2.
Aggregate Principal Amount:
CAD600,000,000
3.
Issue Price:
599,490,000, which is 99.915 percent of the
Aggregate Principal Amount
4.
Issue Date:
September 14, 2020
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 9(c) of "Other Relevant Terms"
below
See also "Additional Information regarding
the Description of the Notes--Form,
Denomination and Registration" below.
6.
Authorized Denomination(s)

(Condition 1(b)):
CAD1,000 and integral multiples thereof

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CAD600,000,000 0.75 percent Notes due October 15, 2025
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7.
Specified Currency

(Condition 1(d)):
Canadian Dollars ("CAD") being the lawful
currency of Canada
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
CAD
9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
CAD
10.
Maturity Date

(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
October 15, 2025
11.
Interest Basis

(Condition 5):
Fixed Interest Rate (Condition 5(I))
12.
Interest Commencement Date

(Condition 5(III)):
Issue Date
13.
Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
0.75 percent per annum
(b)
Fixed Rate Interest Payment

Date(s):
Semi-annually in arrears on April 15 and
October 15 in each year, commencing on
April 15, 2021, up to and including the
Maturity Date.

There will be a long first Interest Period
from and including the Issue Date to but
excluding April 15, 2021.
Each Fixed Rate Interest Payment Date is
subject to the Business Day Convention, but
with no adjustment to the amount of interest
otherwise calculated.
(c)
Business Day Convention:
Following Business Day Convention
(d)
Initial Broken Amount:
CAD4.39 per minimum Authorized
Denomination, payable on April 15, 2021

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 761
CAD600,000,000 0.75 percent Notes due October 15, 2025
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(e)
Fixed Rate Day Count

Fraction(s):
Actual/Actual Canadian Compound
Method, which means when calculating
interest for a full semi-annual fixed rate
interest period, the day count convention is
30/360 and when calculating interest for a
period other than a full semi-annual fixed
rate interest period, the day count
convention is Actual/365 (Fixed).

14.
Relevant Financial Center:
London, Toronto, New York
15.
Relevant Business Day:
London, Toronto, New York
16.
Issuer's Optional Redemption

(Condition 6(e)):
No
17.
Redemption at the Option of the

Noteholders (Condition 6(f)):
No
18.
Governing Law:
New York
Other Relevant Terms
1.
Listing (if yes, specify Stock

Exchange):
Application has been made for the Notes to be
admitted to the Official List of the Financial
Conduct Authority and to trading on the
London Stock Exchange plc's Regulated
Market with effect from the Issue Date.

2.
Details of Clearance System

Approved by the Bank and the

Global Agent and Clearance and

Settlement Procedures:
CDS Clearing and Depository Services Inc.
("CDS") and through direct or indirect
participation in CDS: DTC, Euroclear Bank
SA/NV and Clearstream Banking S.A.

For Clearance and Settlement Procedures, see
"Additional Information regarding Clearing
and Settlement" below.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 761
CAD600,000,000 0.75 percent Notes due October 15, 2025
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3.
Syndicated:
Yes
4.
If Syndicated:

(a)
Liability:
Several
(b)
Lead Manager:
RBC Dominion Securities Inc.
5.
Commissions and Concessions:
0.074% of the Aggregate Principal Amount
6.
Estimated Total Expenses:
None. The Managers have agreed to pay for
certain expenses related to the issuance of the
Notes.
7.
Codes:

(a)
Common Code:
222681251
(b)
ISIN:
CA458182EE85
(c)
CUSIP:
458182EE8
8.
Identity of Managers:
RBC Dominion Securities Inc.
Scotiabank Europe plc
The Toronto-Dominion Bank

9.
Provisions for Registered Notes:

(a)
Individual Definitive

Registered Notes Available

on Issue Date:
No
(b)
DTC Global Note(s):
No

(c)
Other Registered Global

Notes:
Yes, issued in accordance with the Amended
and Restated Global Agency Agreement,
dated as of July 28, 2020, between the Bank
and Citibank, N.A., London Branch as
Global Agent. See "Additional Information
regarding the Description of the Notes--
Form, Denomination and Registration"
below.

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CAD600,000,000 0.75 percent Notes due October 15, 2025
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10.
Intended to be held in a manner

which would allow Eurosystem

eligibility:
Not Applicable
11.
Selling Restrictions

(a) United States:
Under the provisions of Section 11(a) of the
Inter-American Development Bank Act, the
Notes are exempted securities within the
meaning of Section 3(a)(2) of the U.S.
Securities Act of 1933, as amended, and
Section 3(a)(12) of the U.S. Securities
Exchange Act of 1934, as amended.

(b) General:
No action has been or will be taken by the
Issuer that would permit a public offering of
the Notes, or possession or distribution of
any offering material relating to the Notes in
any jurisdiction where action for that purpose
is required. Accordingly, each Dealer agrees
that it will observe all applicable provisions
of law in each jurisdiction in or from which it
may offer or sell Notes or distribute any
offering material.
General Information
Additional Information Regarding the Notes
1.
Use of Proceeds

The net proceeds from the sale of the Notes will be included in the ordinary capital
resources of the Bank and, will not be committed or earmarked for lending to, or financing of,
any specific loans, projects or programs. The Bank, in partnership with its member countries,
works to reduce poverty and inequalities in Latin America and the Caribbean by promoting
economic and social development in a sustainable, climate friendly way.

The Bank's strategic priorities include social inclusion and equality, productivity and
innovation and economic integration along with three cross-cutting issues: gender equality and
diversity, climate change and environmental sustainability, and institutional capacity and the
rule of law. Each strategic priority of the Bank aligns to at least one of the United Nations
Sustainable Development Goals ("SDGs"), with all goals covered within the Bank's

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 761
CAD600,000,000 0.75 percent Notes due October 15, 2025
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institutional strategy, which may be adapted from time to time should the United Nations SDGs
definition evolve.

All projects undertaken by the Bank go through the Bank's rigorous sustainability
framework. The framework tracks measurable results, adherence to lending targets and the
effectiveness of its environmental and social safeguards. The Bank's administrative and
operating expenses are currently covered entirely by the Bank's various sources of revenue,
consisting primarily of net interest margin and investment income (as more fully described in
the Bank's Information Statement).
2.
Matters relating to MiFID II
The Bank does not fall under the scope of application of the MiFID II regime.
Consequently, the Bank does not qualify as an "investment firm", "manufacturer" or
"distributor" for the purposes of MiFID II.
MiFID II product governance / Retail investors, professional investors and 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 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 each Scotiabank Europe
plc and The Toronto-Dominion Bank.
For the purposes of this provision, the expression "MiFID II" means Directive 2014/65/EU, as
amended.
Additional Information regarding the Description of the Notes
Form, Denomination and Registration
The Notes will be issued in the form of a fully registered global note registered in the name of
CDS & CO., as nominee of CDS and held by CDS (the "Global Note"). Beneficial interests in the
Global Note will be represented through book-entry accounts of financial institutions acting on
behalf of beneficial owners as direct and indirect participants in CDS. Investors may elect to hold
interests in the Global Note directly through any of CDS (in Canada), DTC (in the United States)
or Clearstream Banking S.A. or Euroclear Bank SA/NV (in Europe) if they are participants of such
systems, or indirectly through organizations which are participants in such systems. DTC will

PRICING SUPPLEMENT
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CAD600,000,000 0.75 percent Notes due October 15, 2025
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hold interests on behalf of its participants directly through its account at CDS and Clearstream
Banking S.A. and Euroclear Bank SA/NV will hold interests on behalf of their participants through
customers' securities accounts in their respective names on the books of their respective Canadian
subcustodians, each of which is a Canadian schedule I chartered bank ("Canadian Subcustodians"),
which in turn will hold such interests in customers' securities accounts in the names of the
Canadian Subcustodians on the books of CDS. Except in the limited circumstances described
below under "Definitive Certificates", owners of beneficial interests in the Global Note will not
be entitled to have Notes registered in their names, will not receive or be entitled to receive physical
delivery of Notes in definitive form and will not be considered owners or holders thereof under
the Global Agency Agreement.
All Notes will be recorded in a register maintained by the Registrar and will be registered in the
name of CDS & CO. (or such other nominees of CDS as an authorized representative of CDS may
advise) for the benefit of owners of beneficial interests in the Global Note, including participants
of DTC, Clearstream Banking S.A. and Euroclear Bank SA/NV.
Definitive Certificates
No beneficial owner of the Notes will be entitled to receive physical delivery of the Notes in
definitive form except in the following limited circumstances:
(i) CDS notifies the Bank that it is unwilling or unable to continue as depository for the Notes and
a successor depository is not appointed by the Bank within 90 working days after receiving such
notice; or (ii) CDS ceases to be a recognized clearing agency under applicable provincial or
Canadian federal securities legislation and no successor clearing system satisfactory to the Bank
is available within 90 days after the Bank becoming aware that CDS is no longer so recognized,
the Bank will issue or cause to be issued fully registered Notes in definitive form upon registration
of, transfer of, or in exchange for, the Global Note. The Bank may also at any time and in its sole
discretion determine not to have any of the Notes held in the form of the Global Note and, in such
event, will issue or cause to be issued fully registered Notes in definitive form upon registration
of, transfer of, or in exchange for, such Global Note.
Additional Information regarding Clearing and Settlement
Links have been established among CDS, DTC, Clearstream Banking S.A. and Euroclear Bank
SA/NV to facilitate initial issuance of the Notes and cross-market transfers of the Notes associated
with secondary market trading. CDS will be directly linked to DTC and linked to Clearstream
Banking S.A. and Euroclear Bank SA/NV through the CDS accounts of their respective Canadian
Subcustodians.
The Clearing Systems
CDS was formed in November 2006 pursuant to the restructuring of The Canadian Depository for
Securities Limited ("CDS Ltd.") After the restructuring, CDS Ltd., incorporated in 1970, remains
the holding company for CDS and two other operating subsidiaries. CDS is Canada's national

PRICING SUPPLEMENT
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CAD600,000,000 0.75 percent Notes due October 15, 2025
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securities clearing and depositary services organization. Functioning as a service utility for the
Canadian financial community, CDS provides a variety of computer automated services for
financial institutions and investment dealers active in domestic and international capital markets.
CDS participants ("CDS Participants") include banks (including the Canadian Subcustodians),
investment dealers and trust companies and may include certain of the Managers. Indirect access
to CDS is available to other organizations that clear through or maintain a custodial relationship
with a CDS Participant. Transfers of ownership and other interests, including cash distributions,
in Notes in CDS may only be processed through CDS Participants and will be completed in
accordance with existing CDS rules and procedures. CDS operates in Montreal, Toronto, Calgary
and Vancouver to centralize securities clearing functions through a central securities depositary.
Global Clearance and Settlement Procedures
Initial settlement for the Notes will be made in immediately available Canadian dollar funds.
Secondary market trading between CDS Participants will be in accordance with market
conventions applicable to transactions in book-based Canadian domestic bonds. Secondary market
trading between DTC participants will occur in the ordinary way in accordance with DTC rules.
Secondary market trading between Clearstream Banking S.A. participants and or Euroclear Bank
SA/NV participants will occur in the ordinary way in accordance with the applicable rules and
operating procedures of Clearstream Banking S.A. and Euroclear Bank SA/NV and will be settled
using the procedures applicable to conventional Eurobonds in immediately available funds.
Transfers between CDS and DTC, Clearstream Banking S.A. or Euroclear Bank SA/NV. Cross-
market transfers between persons holding directly or indirectly through CDS Participants, on the
one hand, and directly or indirectly through DTC, Clearstream Banking S.A. or Euroclear Bank
SA/NV participants, on the other, will be effected in CDS in accordance with CDS rules; however,
such cross-market transactions will require delivery of instructions to the relevant clearing system
by the counterparty in such system in accordance with its rules and procedures and within its
established deadlines. The relevant clearing system will, if the transaction meets its settlement
requirements, deliver instructions to CDS directly or through its Canadian Subcustodian to take
action to effect final settlement on its behalf by delivering or receiving Notes in CDS, and making
or receiving payment in accordance with normal procedures for settlement in CDS. DTC
participants, Clearstream Banking S.A. participants and Euroclear Bank SA/NV participants may
not deliver instructions directly to CDS or the Canadian Subcustodians.
Because of time-zone differences, credits of Notes received in Clearstream Banking S.A. or
Euroclear Bank SA/NV as a result of a transaction with a CDS Participant will be made during
subsequent securities settlement processing and dated the business day following the CDS
settlement date. Such credits or any transactions in such Notes settled during such processing will
be reported to the relevant Clearstream Banking S.A. participants or Euroclear Bank SA/NV
participants on such business day. Cash received in Clearstream Banking S.A. or Euroclear Bank
SA/NV as a result of sales of Notes by or through a Clearstream Banking S.A. participant or a
Euroclear Bank SA/NV participant to a CDS Participant will be received with value on the CDS
settlement date but will be available in the relevant Clearstream Banking S.A. or Euroclear Bank

PRICING SUPPLEMENT
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CAD600,000,000 0.75 percent Notes due October 15, 2025
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SA/NV cash account only as of the business day following settlement in CDS.
Transfers Between DTC, Clearstream Banking S.A. or Euroclear Bank SA/NV. Cross-market
transfers between Clearstream Banking S.A., Euroclear Bank SA/NV and DTC participants will
be effected in CDS.
When Notes are to be transferred from the account of a DTC participant to the account of a
Clearstream Banking S.A. participant or Euroclear Bank SA/NV participant, the DTC participant
will transmit instructions to DTC on settlement date and the Clearstream Banking S.A. participant
or Euroclear Bank SA/NV participant will transmit instructions to Clearstream Banking S.A. or
Euroclear Bank SA/NV at least one business day prior to the settlement date. One business day
prior to settlement date Clearstream Banking S.A. and on settlement date Euroclear Bank SA/NV,
will transmit trade instructions to its respective Canadian Subcustodian. The beneficial interests
in the Notes and payments for such beneficial interests will be transferred in CDS by DTC and the
respective Canadian Subcustodians for Clearstream Banking S.A. and Euroclear Bank SA/NV.
Although CDS, DTC, Clearstream Banking S.A. and Euroclear Bank SA/NV have agreed to the
foregoing procedures in order to facilitate transfers of Notes among participants of CDS, DTC,
Clearstream Banking S.A. and Euroclear Bank SA/NV, they are under no obligation to perform or
continue to perform such procedures and such procedures may be changed or discontinued at any
time.
Additional Information regarding Currency Conversions
Currency Conversions
Initial purchasers are required to make payment in Canadian dollars. The Managers are prepared
to arrange for the conversion of U.S. dollars into Canadian dollars to enable United States investors
to make payment in Canadian dollars. Each such conversion will be made by such Manager on
such terms and subject to such conditions, limitations and charges as such Manager may from time
to time establish in accordance with its regular foreign exchange practices, and subject to
applicable United States laws and regulations. All costs of conversions will be borne by such
investors. See "Certain Risk Factors-- Notes are subject to exchange rate and exchange control
risks if the investor's currency is different from the Specified Currency" in the Prospectus.
Principal and interest payments in respect of the Notes (including Notes in definitive form issued
in exchange for the Global Note as described above under "Definitive Certificates") are payable
in Canadian dollars, but owners of beneficial interests in Notes held through DTC ("DTC
Beneficial Owners") will receive such payments in U.S. dollars, unless they elect, through DTC
and its participants, to receive payments in Canadian dollars as set forth below. Payments of
principal and interest on Notes held through DTC will be converted to U.S. dollars in accordance
with procedures established from time to time by CDS and DTC and paid to Cede & Co. for
payment to DTC Beneficial Owners. All costs of such conversion will be borne by DTC Beneficial
Owners receiving U.S. dollars by deduction from such payments. If there is no facility in place
between CDS and DTC for the exchange of Canadian dollars into U.S. dollars, payment of the

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Inter-American Development Bank Global Debt Program Series No.: 761
CAD600,000,000 0.75 percent Notes due October 15, 2025
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Document Outline

#1">PRICING SUPPLEMENT
#1">Inter-American Development Bank Global Debt Program