Obligation Interamerican Development Bank 0.34% ( US45818WCW47 ) en USD

Société émettrice Interamerican Development Bank
Prix sur le marché 100 %  ⇌ 
Pays  Etas-Unis
Code ISIN  US45818WCW47 ( en USD )
Coupon 0.34% par an ( paiement semestriel )
Echéance 15/10/2024 - Obligation échue



Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US45818WCW47 en USD 0.34%, échue


Montant Minimal 10 000 USD
Montant de l'émission 50 000 000 USD
Cusip 45818WCW4
Description détaillée 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 USD, avec le code ISIN US45818WCW47, paye un coupon de 0.34% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 15/10/2024







EXECUTION VERSION



PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 768


U.S.$50,000,000 0.34 percent Notes due October 15, 2024 (the "Notes")


Issue Price: 100.00 percent.


No application has been made to list the Notes on any stock exchange.


Wells Fargo Securities




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



PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024

4816-4504-1105 v.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.
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.:
768
2.
Aggregate Principal Amount:
U.S.$50,000,000
3.
Issue Price:
U.S.$50,000,000, which is 100.00 percent of
the Aggregate Principal Amount
4.
Issue Date:
November 12, 2020
5.
Form of Notes
Registered only
(Condition 1(a)):
6.
Authorized Denomination(s)
U.S.$10,000 and integral multiples thereof
(Condition 1(b)):
7.
Specified Currency
United States Dollars (U.S.$) being the
(Condition 1(d)):
lawful currency of the United States of
America

8.
Specified Principal Payment
U.S.$
Currency
(Conditions 1(d) and 7(h)):
9.
Specified Interest Payment Currency U.S.$
(Conditions 1(d) and 7(h)):
2

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024
4816-4504-1105 v.2




10.
Maturity Date
October 15, 2024
(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
11.
Interest Basis
Fixed Interest Rate (Condition 5(I))
(Condition 5):
12.
Interest Commencement Date

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

(a)
Interest Rate:
0.34 percent per annum
(b)
Fixed Rate Interest Payment
Semi-annually in arrear on April 15 and
Date(s):
October 15 in each year, commencing on
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)
Fixed Rate Day Count
30/360
Fraction(s):
14.
Relevant Financial Center:
New York and London
15.
Relevant Business Day:
New York and London
16.
Issuer' Optional Redemption
No
(Condition 6(e)):
17.
Redemption at the Option of the
No
Noteholders (Condition 6(f)):
18.
Governing Law:
New York
Other Relevant Terms
1.
Listing (if yes, specify Stock
None
Exchange):
3

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024
4816-4504-1105 v.2




2.
Details of Clearance System
The Depository Trust Company (DTC);
Approved by the Bank and the
Euroclear Bank SA/NV and/or Clearstream
Global Agent and Clearance and
Banking, S.A.
Settlement Procedures:
3.
Syndicated:
No
4.
Commissions and Concessions:
No commissions or concessions are
payable in respect of the Notes.
5.
Codes:

(a)
Common Code:
225785384
(b)
ISIN:
US45818WCW47
(c)
CUSIP:
45818WCW4
6.
Identity of Dealer(s)/Manager(s):
Wells Fargo Securities, LLC
7.
Provisions for Registered Notes:

(a)
Individual Definitive
No
Registered Notes Available
on Issue Date:
(b)
DTC Global Note(s):
Yes, issued in accordance with the Amended
and Restated Global Agency Agreement,
dated as of July 28, 2020, between the Bank,
Citibank, N.A., London Branch as Global
Agent, and the other parties thereto.
(c)
Other Registered Global
No
Notes:
8.
Intended to be held in a manner
Not Applicable
which would allow Eurosystem
eligibility:
9.
Selling Restrictions

4

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024
4816-4504-1105 v.2




(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) United Kingdom:
The Dealer represents and agrees that it has
complied and will comply with all applicable
provisions of the Financial Services and
Markets Act 2000 with respect to anything
done by it in relation to such Notes in, from
or otherwise involving the United Kingdom.

(c) Singapore:
In the case of the Notes being offered into
Singapore in a primary or subsequent
distribution, and solely for the purposes of
its obligations pursuant to Section 309B of
the Securities and Futures Act (Chapter 289
of Singapore) (the "SFA"), the Issuer has
determined, and hereby notifies all relevant
persons (as defined in Section 309A of the
SFA) that the Notes are "prescribed capital
markets products" (as defined in the
Securities and Futures (Capital Markets
Products) Regulations 2018 of Singapore)
and Excluded Investment Products (as
defined in MAS Notice SFA 04-N12:
Notice on the Sale of Investment Products
and MAS Notice FAA-N16: Notice on
Recommendations on Investment Products).

(d) 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, the
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.
5

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024
4816-4504-1105 v.2




General Information
Additional Information Regarding the Notes
1.
Use of Proceeds

An amount equal to the net proceeds of the issue of the Notes (which proceeds may
be converted into other currencies) shall be recorded by the Bank in a separate sub-account
supporting Eligible Projects. These proceeds will be invested in accordance with the Bank's
conservative liquidity investment guidelines until used to support the Bank's financing of
Eligible Projects. So long as the Notes 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
the Bank's policies.

Funds shall be reduced from the account on a semi-annual basis by amounts
matching the disbursements made during such semi-annual period in respect of Eligible
Projects.
"Eligible Projects" means all projects funded, in whole or in part, by the Bank 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
· E-education programs


Examples of Youth Projects include, without limitation:
· Support for parents and caregivers to improve quality of child care
· Youth-At-Risk programs which support interventions, policy design, and/or
impact evaluations to benefit at-risk youth

6

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024
4816-4504-1105 v.2


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
· Vocational and Workforce training programs, directed at improving social and
labor acclimation for youth, unemployed adults and active workers
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 the Bank during the term of the
Notes.
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 768
U.S.$50,000,000 0.34 percent Notes due October 15, 2024
4816-4504-1105 v.2


Document Outline