Obligation Africa Development Bank 0% ( XS1390069091 ) en ZAR

Africa Development Bank

100 % ▲

Cote d’ivoire

XS1390069091 ( en ZAR )

04/04/2046

Prospectus brochure de l'obligation African Development Bank XS1390069091 en ZAR 0%, échéance 04/04/2046

La Banque africaine de développement (BAD) est une institution financière de développement multilatérale qui ?uvre à réduire la pauvreté et à améliorer les conditions de vie en Afrique en finançant des projets de développement économique et social.

L'Obligation émise par Africa Development Bank ( Cote d’ivoire ) , en ZAR, avec le code ISIN XS1390069091, paye un coupon de 0% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 04/04/2046

Pricing Supplement dated 18 October 2019

AFRICAN DEVELOPMENT
BANK

Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer

Issue of ZAR 500,000,000 Zero Coupon Notes due 5 April 2046 (the "Notes") (to be
consolidated and form a single series with the existing ZAR 3,000,000,000 Zero Coupon
Notes due 5 April 2046 issued on 5 April 2016, ZAR 250,000,000 Zero Coupon Notes due 5
April 2046 issued on 3 October 2017, ZAR 500,000,000 Zero Coupon Notes due 5 April
2046 issued on 20 March 2019, ZAR 500,000,000 Zero Coupon Notes due 5 April 2046
issued on 16 May 2019 and ZAR 500,000,000 Zero Coupon Notes due 5 April 2046 issued
on 29 August 2019 (the "Existing Notes"))

This document constitutes the Pricing Supplement relating to the issue of Notes described herein.
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, as so supplemented by the Supplemental Information Memorandum dated 16
January 2017.

1.
Issuer:
African Development Bank
2.
(i) Series Number:
558

(ii) Tranche Number:
6
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 5,250,000,000

(ii) Tranche:
ZAR 500,000,000
5.
(i) Issue Price:
15.250 per cent. of the Aggregate
Nominal Amount of the Notes

(ii) Net proceeds:
ZAR 76,250,000
6.
Specified Denominations:
ZAR 100,000 (the Calculation Amount)
7.
(i) Issue Date:
22 October 2019

(ii) Interest Commencement Date:
Not Applicable

8.
Maturity Date:
5 April 2046, subject to adjustment, in the
case of payment only, in accordance with
the Following Business Day Convention.
9.
Interest Basis:
Zero Coupon

(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at 100.00 per cent. of the
Aggregate Nominal Amount
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
Not Applicable
17.
Floating Rate Note Provisions
Not Applicable
18.
Zero Coupon Note Provisions
Applicable

(i) Amortisation Yield:
7.889 per cent. per annum

(ii) Day Count Fraction:
30/360, unadjusted

(iii) Any other formula/basis
of
Not Applicable

determining amount payable:
19.
Index-Linked Interest Note Provisions
Not Applicable
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
100.00 per cent. 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 and London
provisions relating to Payment Dates:
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:
J.P. Morgan Securities plc
38.
Additional selling restrictions:
None

OPERATIONAL INFORMATION
39.
ISIN Code:
XS1390069091
40.
Common Code:
139006909
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:

LISTING APPLICATION

This Pricing Supplement comprises the final terms required for issue and admission to trading on the
Regulated Market of the Luxembourg Stock Exchange and admission to trading on the Official List of
the Luxembourg Stock Exchange of the Notes described herein pursuant to the Global Debt Issuance
Facility of the African Development Bank.

NO MATERIAL ADVERSE CHANGE

There has been no material adverse change in the financial position of the Issuer since 31 December
2018.

AUDITORS

The annual accounts of the Issuer for the financial years ended 31 December 2017 and 31 December
2018 have been audited by Deloitte Associés.

RESPONSIBILITY

The Issuer accepts responsibility for the information contained in this Pricing Supplement.
Signed on behalf of African Development Bank:

By: ......................................
Duly authorised

Document Outline

#4">LISTING APPLICATION
#4">NO MATERIAL ADVERSE CHANGE
#4">AUDITORS
#4">RESPONSIBILITY