Obligation Interamerican Development Bank 1.125% ( US4581X0DX34 ) en USD

Interamerican Development Bank

90.43 % ▼

Etats-unis

US4581X0DX34 ( en USD )

1.125% par an ( paiement semestriel )

19/07/2028

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) US4581X0DX34 en USD 1.125%, échéance 19/07/2028

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4581X0DX3

20/07/2026 ( Dans 161 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 ( Etats-unis ) , en USD, avec le code ISIN US4581X0DX34, paye un coupon de 1.125% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 19/07/2028

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 804

U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028 (the "Notes")
Issue Price: 99.271 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

BMO Capital Markets
Citigroup
Nomura
Wells Fargo Securities

BofA Securities
Commonwealth Bank of Australia
Daiwa Capital Markets Europe Limited
Deutsche Bank
HSBC
J.P. Morgan
Morgan Stanley
RBC Capital Markets
Scotiabank
TD Securities

The date of this Pricing Supplement is July 16, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 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 ("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.:
804
2. Aggregate Principal Amount:
U.S.$3,000,000,000
3. Issue Price:
U.S.$2,978,130,000 which is 99.271
percent of the Aggregate Principal Amount

4. Issue Date:
July 20, 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.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 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

and Zero Coupon):
July 20, 2028
11. Interest Basis

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

(Condition 5(III)):
Issue Date (July 20, 2021)
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
1.125 percent per annum

(b)
Fixed Rate Interest Payment

Date(s):
Semi-annually in arrear on January 20 and
July 20 in each year, commencing on
January 20, 2022.

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
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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 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.
Citigroup Global Markets Limited
Nomura International plc
Wells Fargo Securities, LLC

5. Commissions and Concessions:
0.15 percent of the Aggregate Principal
Amount

6. Estimated Total Expenses:
The Joint Lead Managers have agreed to
pay for all material expenses related to the
issuance of the Notes, except the Issuer will
pay for the London Stock Exchange listing
fees, if applicable.

7. Codes:

(a)
Common Code:
236683648

(b)
ISIN:
US4581X0DX34
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 v.2

(c)
CUSIP:
4581X0DX3
8. Identity of Managers:
BMO Capital Markets Corp.
Citigroup Global Markets Limited
Nomura International plc
Wells Fargo Securities, LLC

Commonwealth Bank of Australia
Daiwa Capital Markets Europe Limited
Deutsche Bank AG, London Branch
HSBC Bank plc
J.P. Morgan Securities plc
Merrill Lynch International
Morgan Stanley & Co. International plc
RBC Capital Markets, LLC
Scotiabank Europe plc
The Toronto-Dominion Bank

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 (a) it has only communicated or caused
to be communicated and will only
communicate or cause to be communicated
an invitation or inducement to engage in
investment activity (within the meaning of
Section 21 of the Financial Services and
Markets Act 2000 (the "FSMA")) received
by it in connection with the issue or sale of
the Notes in circumstances in which Section
21(1) of the FSMA does not apply to the
Bank, and (b) it has complied and will
comply with all applicable provisions of the
FSMA with respect to anything done by it
in relation to such Notes in, from or
otherwise involving the UK.
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 v.2

(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, 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.
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 v.2

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, 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 COBS, 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 (a "distributor") should
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 v.2

take into consideration the UK manufacturers' target market assessment; however, a
distributor subject to 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, (i)the expression "UK manufacturers" means
Citigroup Global Markets Limited and Nomura International plc, (ii) the expression
"COBS" means the FCA Handbook Conduct of Business Sourcebook, (iii) the expression
"UK MiFIR" means Regulation (EU) No 600/2014 as it forms part of UK domestic law by
virtue of the EUWA and (iv) the expression "UK MiFIR Product Governance Rules"
means the FCA Handbook Product Intervention and Product Governance Sourcebook.
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

By:

Name: Gustavo Alberto De Rosa
Title:
Vice President for Finance and Administration &

Chief Financial Officer and General Manager,

Finance Department
8

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 804
U.S.$3,000,000,000 1.125 percent Notes due July 20, 2028

4827-9945-3426 v.2