Obligation Interamerican Development Bank 0.775% ( US45818WDC73 ) en USD

Interamerican Development Bank

100 % ⇌

Etas-Unis

US45818WDC73 ( en USD )

0.775% par an ( paiement semestriel )

09/07/2025 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US45818WDC73 en USD 0.775%, échue

40 000 USD

50 000 000 USD

45818WDC7

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 US45818WDC73, paye un coupon de 0.775% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 09/07/2025

File No. 83-1
Regulation IA
Rule 3

________________________________________________________________________

UNITED
STATES

SECURITIES AND EXCHANGE COMMISSION

100 F Street, NE

Washington, D.C. 20549

REPORT
OF

THE INTER-AMERICAN DEVELOPMENT BANK
(the
"Bank")

In respect of the Bank's
Series No. 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025

Filed pursuant to Rule 3 of Regulation IA

Dated: April 6, 2021

_______________________________________________________________________

File No. 83-1
Regulation IA
Rule 3
The following information is filed pursuant to Rule 3 of Regulation IA in respect of the issuance
by the Bank of U.S.$50,000,000 0.775 percent Notes due July 9, 2025, Series No. 792 (the
"Notes") under the Bank's Global Debt Program (the "Program"). The Notes are being issued
pursuant to: the Prospectus dated July 28, 2020 (the "Prospectus") and the Standard
Provisions dated July 28, 2020 (the "Standard Provisions") (both previously filed); and the
Terms Agreement dated April 6, 2021 (the "Terms Agreement") and the Pricing Supplement
dated April 6, 2021 (the "Pricing Supplement") (both attached hereto). This report contains
information specified in Schedule A to Regulation IA concerning a particular issue of securities
which has not been previously available.
Item 1. Description of Securities
See cover page and pages 14 through 31 of the Prospectus; and the attached Pricing
Supplement.
Item 2. Distribution of Securities
See pages 54 through 57 of the Prospectus; and the attached Terms Agreement.
Item 3. Distribution Spread
Price to the
Selling Discounts
Proceeds to the
Public and
Commission1 Bank

Per
Note: 100.00%
0.02%
99.98%
Total: U.S.$50,000,000.00
U.S.$10,000.00
U.S.$49,990,000.00
Item 4. Discounts and Commissions to Sub-Underwriters and Dealers
See Item 3 above.
Item 5. Other Expenses of Distribution
Not applicable.
Item 6. Application of Proceeds
See page 5 of the Prospectus.
Item 7. Exhibits
(A) Opinion of the Chief Counsel (Corporate Legal Affairs Division) of the Bank
as to the legality of the obligations, dated March 17, 2021
(B) Pricing Supplement
(C) Terms Agreement
1 The Bank has agreed to indemnify the Underwriters against certain liabilities.

March 17, 2021
To the Dealers appointed
from time to time pursuant to a
Terms Agreement or Appointment Agreement
under the Global Debt Program of the
Inter-American Development Bank
Ladies and Gentlemen:
I have participated in the proceedings of the Inter-American Development Bank (the
"Bank") to establish the Global Debt Program of the Bank, as it may be amended,
restated, or superseded from time to time (the "Program"), and to authorize the issue
and sale of Notes thereunder (the "Notes") with reference to a Prospectus dated July
28, 2020 (as supplemented and amended from time to time, the "Prospectus"). In
connection with such proceedings, I have examined, among other documents, the
following:
1) The Agreement Establishing the Inter-American Development Bank (the "Bank
Agreement") and the By-Laws of the Bank;
2) The Global Borrowing Authorization, Resolution DE-5/16, authorizing the issuance
and sale of the Notes;
3) The Prospectus;
4) The Standard Provisions, dated as of July 28, 2020 (the "Standard Provisions");
5) The Amended and Restated Global Agency Agreement, dated as of July 28, 2020,
between the Bank and Citibank, N.A., London Branch (the "Global Agency
Agreement"); and
6) The Uniform Fiscal Agency Agreement, dated as of July 20, 2006, as amended,
between the Bank and the Federal Reserve Bank of New York (the "FRBNY Fiscal
Agency Agreement").
Pursuant to Section 5(e)(ii) of the Standard Provisions, I am of the opinion that:
a) The Bank is an international organization duly established and existing under
the Bank Agreement;

- 2 -

b) The Bank has obtained all governmental approvals required pursuant to the
Bank Agreement in connection with the offering, issue and sale of the Notes;

c) The creation, issue, sale and delivery of the Notes, and the execution of any
Notes in definitive form, have been duly authorized, and when duly issued and
delivered, and in the case of Notes in definitive form, duly executed,
authenticated, issued and delivered, the Notes will constitute valid and legally
binding obligations of the Bank in accordance with their terms;

d) Any applicable Terms Agreement or Appointment Agreement, as the case may
be, as of its date, will be duly authorized, executed and delivered by the Bank;

e) Each of the Global Agency Agreement, and the FRBNY Fiscal Agency
Agreement has been duly authorized, executed and delivered by the Bank and
constitutes a valid and legally binding obligation of the Bank;

f) Under existing law, it is not necessary in connection with the public offering and
sale of the Notes to register the Notes under the U.S. Securities Act of 1933, as
amended, or to qualify an indenture with respect thereto under the U.S. Trust
Indenture Act of 1939, as amended.

While I assume no responsibility with respect to the statements in the Prospectus,
nothing has come to my attention which has caused me to believe that the Prospectus,
as of its date and as of the date hereof, and excluding the financial statements or other
financial data, contains any untrue statement of a material fact or omits to state any
material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading.

This letter does not relate to the financial statements or other financial data contained
in the Prospectus.

In rendering the foregoing opinion, I have relied, with respect to matters of New York
law, upon the opinion of Sullivan & Cromwell LLP and, with respect to matters of
English law, upon the opinion of Linklaters LLP, each delivered on the date hereof in
accordance with the Standard Provisions. Also, I have assumed that signatures on all
documents examined by me are genuine.

This letter is furnished by me as Chief Counsel (Corporate Legal Affairs Division) of
the Bank to Dealers appointed from time to time under the Program and is solely for
their benefit.

Very truly yours,

Alessandro M
Al
d
a
M crì
ì
Chief Counsel
Corporate Legal Affairs Division

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025 (the "Notes")
Issue Price: 100.00 percent.
No application has been made to list the Notes on any stock exchange.
BMO Capital Markets
The date of this Pricing Supplement is April 6, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025
4832-6349-7187 v2

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 ("UK") Financial Services and Markets Act
2000 or a base prospectus for the purposes of Regulation (EU) 2017/1129 (as amended, the
"Prospectus Regulation") or the Prospectus Regulation as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("EUWA")). 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.:
792
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:
April 9, 2021
5.
Form of Notes
(Condition 1(a)):
Registered only
6.
Authorized Denomination(s)
(Condition 1(b)):
U.S.$40,000 and integral multiples thereof
7.
Specified Currency
(Condition 1(d)):
United States Dollars (U.S.$) being the
lawful currency of the United States of
America
8.
Specified Principal Payment
Currency
(Conditions 1(d) and 7(h)):
U.S.$
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025
4832-6349-7187 v2

9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
U.S.$
10.
Maturity Date
(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
July 9, 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:
0.775 percent per annum
(b)
Fixed Rate Interest Payment
Date(s):
Semi-annually in arrear on January 9 and
July 9 in each year, commencing with a
short first coupon on July 9, 2021, up to
and including the Maturity Date.
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
Fraction(s):
30/360
14.
Relevant Financial Center:
New York and London
15.
Relevant Business Day:
New York and London
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
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025
4832-6349-7187 v2

Other Relevant Terms
1.
Listing (if yes, specify Stock

Exchange):
None
2.
Details of Clearance System

Approved by the Bank and the

Global Agent and Clearance and

Settlement Procedures:
The Depository Trust Company (DTC);
Euroclear Bank SA/NV and/or Clearstream
Banking S.A.

3.
Syndicated:
No
4.
Commissions and Concessions:
0.02 percent of the Aggregate Principal
Amount

5.
Estimated Total Expenses:
The Dealer has agreed to pay for all material
expenses related to the issuance of the Notes.

6.
Codes:

(a)
Common Code:
233026611
(b)
ISIN:
US45818WDC73
(c)
CUSIP:
45818WDC7
7.
Identity of Dealer(s)/Manager(s):
BMO Capital Markets Corp.
8.
Provisions for Registered Notes:

(a)
Individual Definitive

Registered Notes Available

on Issue Date:
No
(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

Notes:
No
4

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025

4832-6349-7187 v2

9.
Intended to be held in a manner
which would allow Eurosystem
eligibility:
Not Applicable
10.
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) 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 UK.
(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).
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 792
U.S.$50,000,000 0.775 percent Notes due July 9, 2025
4832-6349-7187 v2