Obligation African Development Bank 6.625% ( XS1150565734 ) en ZAR

African Development Bank

100 % ⇌

Cote d'Ivoire

XS1150565734 ( en ZAR )

6.625% par an ( paiement annuel )

09/12/2017 - Obligation échue

Prospectus brochure de l'obligation African Development Bank XS1150565734 en ZAR 6.625%, échue

5 000 ZAR

650 000 000 ZAR

L'Obligation émise par African Development Bank ( Cote d'Ivoire ) , en ZAR, avec le code ISIN XS1150565734, paye un coupon de 6.625% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 09/12/2017

Pricing Supplement dated 15 December 2014

AFRICAN DEVELOPMENT BANK
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer
Issue of ZAR 150,000,000 6.625 per cent. Global Notes due 9 December 2017 (the "Notes") (to
be consolidated and form a single series with the existing ZAR 500,000,000 6.625 per cent.
Global Notes due 9 December 2017 issued on 9 December 2014 (the "Existing Notes"))
This document constitutes the Pricing Supplement relating to the issue of Notes described herein. This
Pricing Supplement constitutes Final Terms for the purposes of listing and trading Notes on the
Regulated Market of the Luxembourg Stock Exchange. Terms used herein shall be deemed to be
defined as such for the purposes of the Conditions set forth in the Information Memorandum dated 8
September 2009. This Pricing Supplement contains the final terms of the Notes and must be read in
conjunction with such Information Memorandum.

1.
Issuer:
African Development Bank
2.
(i) Series Number:
504

(ii) Tranche Number:
2
Immediately on issue, the Notes will be
consolidated and will form a single
Series with the Existing Notes
3.
Specified Currency:
South African Rand ("ZAR")
4.
Aggregate Nominal Amount:

(i) Series:
ZAR 650,000,000

(ii) Tranche:
ZAR 150,000,000
5.
(i) Issue Price:
98.728 per cent. of the Aggregate
Nominal Amount plus 8 days' accrued
interest in respect of the period from
(and including) 9 December 2014 to (but
excluding) 17 December 2014

(ii) Net proceeds:
ZAR 147,972,308.22
6.
Specified Denominations:
ZAR 5,000 (the "Calculation Amount")
and integral multiples thereof
7.
(i) Issue Date:
17 December 2014

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(ii) Interest Commencement Date:
9 December 2014
8.
Maturity Date:
9 December 2017
9.
Interest Basis:
6.625 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
Status of the Notes:
Senior
14.
Listing:
The regulated market of the Luxembourg
Stock Exchange for the purposes of
Directive 2004/39/EC on Markets in
Financial Instruments
15.
Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

16.
Fixed Rate Note Provisions
Applicable

(i) Rate of Interest:
6.625 per cent. per annum payable
annually in arrear

(ii) Interest Payment Date(s):
9 December in each year up to, and
including, the Maturity Date, subject, in
the case of payment only, to the
Following Business Day Convention, but
without any adjustment to any Interest
Period.

(iii) Fixed Coupon Amount:
ZAR 331.25 per Calculation Amount

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
Actual/Actual

(vi) Determination Date(s):
Not Applicable

(vii) Other terms relating to the method of Not Applicable
calculating interest for Fixed Rate Notes:

17.
Floating Rate Note Provisions
Not Applicable

18.
Zero Coupon Note Provisions
Not Applicable

19.
Index-Linked Interest Note Provisions
Not Applicable

2

20.
Dual Currency Interest Note Provisions
Not Applicable

21.
Variable Coupon Amount Notes:
Not Applicable
PROVISIONS RELATING TO REDEMPTION

22.
Call Option
Not Applicable

23.
Put Option
Not Applicable

24.
Final Redemption Amount of each Note
ZAR 5,000 per Calculation Amount
25.
Early Redemption Amount

Early Redemption Amount(s) of each Note As set out in the Conditions
payable on event of default and/or the method of
calculating the same (if required or if different
from that set out in the Conditions):

26.
Variable Redemption Amount Notes
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
Form of Notes:

Bearer Notes:
Not Applicable

Registered Notes:
Applicable

Registrar and Transfer Agents
Registrar:
Citibank, N.A., Citigroup Centre, 25
Canada Square, Canary Wharf, London
E14 5LB
Transfer Agent:
Banque Internationale à Luxembourg
société anonyme, 69 route d'Esch, L-
2953 Luxembourg
(i) DTC Application:

No
(ii) Australian Domestic Notes:

No
28.
Relevant Financial Centre(s) or other special Johannesburg
provisions relating to Payment Dates:
For the purposes of Condition 6,
"Business Day" means a day (other than
Saturday
or
Sunday)
on
which
commercial banks and foreign exchange
markets settle payments and are open for

3

general
business
in
London
and
Johannesburg
29.
Talons for future Coupons to be attached to Not Applicable
Definitive Bearer Notes (and dates on which such
Talons mature):
30.
Details relating to Partly Paid Notes: amount of Not Applicable
each payment comprising the Issue Price and date
on which each payment is to be made and
consequences (if any) of failure to pay, including
any right of the Issuer to forfeit the Notes and
interest due on late payment:
31.
Details relating to Instalment Notes: amount of Not Applicable
each instalment, date on which each payment is to
be made:
32.
Redenomination,
renominalisation
and Not Applicable
reconventioning provisions:
33.
Consolidation provisions:
Not Applicable
34.
Other terms or special conditions:
Not Applicable
35.
Governing law:
English Law
DISTRIBUTION

36.
(i) If syndicated, names of Managers:
Not Applicable

(ii) Stabilising Manager (if any):
Not Applicable
37.
If non-syndicated, name of Dealer:
Morgan Stanley & Co. International plc
38.
Additional selling restrictions:
The Notes may not be offered for sale or
subscription
or
sold,
directly
or
indirectly, within the Republic of South
Africa or to any person or corporate or
other entity resident in the Republic of
South Africa except (a) in accordance
with the exchange control regulations of
the Republic of South Africa, and (b) to
any entity resident or within the Republic
of South Africa in accordance with the
Commercial Paper regulations and the
Companies Act 2008 and the Financial
Advisory and Intermediary Services Act
2002.
OPERATIONAL INFORMATION
39.
ISIN Code:
XS1150565734

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40.
Common Code:
115056573
41.
Any clearing system(s) other than Euroclear and Not Applicable
Clearstream, Luxembourg and the relevant
identification number(s):

42.
Delivery:
Delivery against payment
43.
Changes to the Agent(s) (if any):
Not Applicable
44.
Applicable TEFRA Rules:
Not Applicable
45.
Additional United States Federal Income Tax Not Applicable
Consequences:
46.
Intended to be held in a manner that would allow No
Eurosystem eligibility:

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