Obligation Interamerican Development Bank 1.125% ( US4581X0DS49 ) en USD

Interamerican Development Bank

100 % ▲

Etas-Unis

US4581X0DS49 ( en USD )

1.125% par an ( paiement semestriel )

12/01/2031

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US4581X0DS49 en USD 1.125%, échéance 12/01/2031

1 000 USD

4 000 000 000 USD

4581X0DS4

13/07/2026 ( Dans 154 jours )

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 US4581X0DS49, paye un coupon de 1.125% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 12/01/2031

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031 (the "Notes")
Issue Price: 99.473 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
UK Regulated Market
BofA Securities
BMO Capital Markets
Deutsche Bank
TD Securities
Barclays
BNP Paribas
Citigroup
J.P. Morgan
Morgan Stanley
NatWest Markets
Nomura
RBC Capital Markets
Scotiabank
Wells Fargo Securities
The date of this Pricing Supplement is January 11, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031

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.
UK MiFIR product governance / Retail investors, professional investors and ECPs
target market See "General Information--Additional Information Regarding the
Notes--Matters relating to UK MiFIR" 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.:
773
2.
Aggregate Principal Amount:
U.S.$4,000,000,000
3.
Issue Price:
U.S.$3,978,920,000 which is 99.473 percent
of the Aggregate Principal Amount
4.
Issue Date:
January 13, 2021
5.
Form of Notes

(Condition 1(a)):
Book-entry only (not exchangeable for
Definitive Fed Registered Notes, Conditions
1(a) and 2(b) notwithstanding)
6.
Authorized Denomination(s)

(Condition 1(b)):
U.S.$1,000 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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031

4833-4204-5654 v.2

8.
Specified Principal Payment
Currency
(Conditions 1(d) and 7(h)):
U.S.$
9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
U.S.$
10.
Maturity Date
(Condition 6(a); Fixed Interest Rate
January 13, 2031
and Zero Coupon):
11.
Interest Basis
(Condition 5):
Fixed Interest Rate (Condition 5(I))
12.
Interest Commencement Date
(Condition 5(III)):
Issue Date (January 13, 2021)
13.
Fixed Interest Rate (Condition 5(I)):
(a)
Interest Rate:
1.125 percent per annum
(b)
Fixed Rate Interest Payment
Semi-annually in arrear on January 13 and
Date(s):
July 13 in each year, commencing on July 13,
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
15.
Relevant Business Day:
New York
16.
Issuer's Optional Redemption
(Condition 6(e)):
No
17.
Redemption at the Option of the
Noteholders (Condition 6(f)):
No
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031
4833-4204-5654 v.2

18.
Governing Law:
New York
Other Relevant Terms
1.
Listing:
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 UK Regulated
Market
2.
Details of Clearance System
Approved by the Bank and the
Global Agent and Clearance and
Settlement Procedures:
Federal Reserve Bank of New York;
Euroclear Bank SA/NV; Clearstream Banking
S.A.
3.
Syndicated:
Yes
4.
If Syndicated:
(a)
Liability:
Several
(b)
Lead Managers:
BMO Capital Markets Corp.
Deutsche Bank AG, London Branch
Merrill Lynch International
The Toronto-Dominion Bank
5.
Commissions and Concessions:
0.175 percent of the Aggregate Principal
Amount
6.
Estimated Total Expenses:
None. The Joint Lead Managers have agreed
to pay for certain expenses related to the
issuance of the Notes.
7.
Codes:
(a)
Common Code:
228432172
(b)
ISIN:
US4581X0DS49
(c)
CUSIP:
4581X0DS4
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031
4833-4204-5654 v.2

8.
Identity of Managers:
BMO Capital Markets Corp.
Deutsche Bank AG, London Branch
Merrill Lynch International
The Toronto-Dominion Bank
Barclays Bank PLC
BNP Paribas
Citigroup Global Markets Limited
J.P. Morgan AG
Morgan Stanley & Co. International plc
NatWest Markets Plc
Nomura International plc
RBC Capital Markets, LLC
Scotiabank Europe plc
Wells Fargo Securities, LLC
9.
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:
Each of the Managers 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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031
4833-4204-5654 v.2

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, each of the Managers
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 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,
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031
4833-4204-5654 v.2

consisting primarily of net interest margin and investment income (as more fully described
in the Bank's Information Statement).
2.
Matters relating to UK MiFIR
The Bank does not fall under the scope of application of the UK MiFIR regime.
Consequently, the Bank does not qualify as an "investment firm", "manufacturer" or
"distributor" for the purposes of UK MiFIR.
UK MiFIR product governance / Retail investors, professional investors and
ECPs target market
Solely for the purposes of each UK 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 retail clients, as defined in point (8) of Article 2 of Regulation (EU)
No 2017/565 as it forms part of UK domestic law by virtue of the EUWA, eligible
counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and
professional clients, as defined in UK MiFIR; and (ii) all channels for distribution of the
Notes are appropriate. Any person subsequently offering, selling or recommending the
Notes should take into consideration the UK manufacturers' target market assessment;
however, a distributor subject to the FCA Handbook Product Intervention and Product
Governance Sourcebook (the "UK MiFIR Product Governance Rules") is responsible for
undertaking its own target market assessment in respect of the Notes (by either adopting or
refining the UK manufacturers' target market assessment) and determining appropriate
distribution channels.
For the purposes of this provision, the expression "UK manufacturers" means
Deutsche Bank AG, London Branch, Merrill Lynch International and The Toronto-
Dominion Bank.
For the purposes of this provision, the expression UK MiFIR means Regulation
(EU) No 600/2014 as it forms part of UK domestic law by virtue of the EUWA.
INTER-AMERICAN DEVELOPMENT BANK
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 773
U.S.$4,000,000,000 1.125 percent Notes due January 13, 2031
4833-4204-5654 v.2