Obligation Africa Development Bank 0.875% ( XS1551677344 ) en GBP

Africa Development Bank

100 % ⇌

Cote d'Ivoire

XS1551677344 ( en GBP )

0.875% par an ( paiement annuel )

20/12/2021 - Obligation échue

Prospectus brochure de l'obligation African Development Bank XS1551677344 en GBP 0.875%, échue

1 000 GBP

800 000 000 GBP

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'analyse d'un titre de créance tel que l'obligation identifiée par le code ISIN XS1551677344 révèle une émission de la part de l'African Development Bank (Banque Africaine de Développement), une institution financière multilatérale de premier plan dédiée au financement du développement durable et de la réduction de la pauvreté sur le continent africain, dont le pays d'émission était la Côte d'Ivoire. Cette obligation, libellée en Livre Sterling (GBP) et ayant une taille totale d'émission de 800 000 000 GBP avec une taille minimale d'achat de 1 000 GBP, proposait un taux d'intérêt annuel de 0,875% versé avec une fréquence annuelle. Atteignant sa maturité le 20 décembre 2021, ce titre a été intégralement remboursé au pair, son prix actuel sur le marché au moment du remboursement étant de 100%, marquant ainsi la clôture de son cycle de vie financier.

Pricing Supplement dated 11 December 2019
AFRICAN DEVELOPMENT BANK
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer
Issue of GBP 150,000,000 0.875 per cent. Fixed Rate Notes due 20 December 2021 (the Notes) (to
be consolidated and form a single series with the existing GBP 250,000,000 0.875 per cent. Fixed
Rate Notes due 20 December 2021 issued on 19 January 2017, GBP 175,000,000 0.875 per cent.
Fixed Rate Notes due 20 December 2021 issued on 6 November 2019 and GBP 100,000,000 0.875
per cent. Fixed Rate Notes due 20 December 2021 issued on 8 November 2019 (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, as supplemented by the Supplemental Information Memorandum dated 16 January
2017 (as so supplemented, the Information Memorandum). This Pricing Supplement contains the
final terms of the Notes and must be read in conjunction with such Information Memorandum.
MIFID II product governance/Retail investors, professional investors and eligible counterparties See
paragraph 39 below.
1.
Issuer:
African Development Bank
2.
(i) Series Number:
606

(ii) Tranche Number:
4
Immediately on issue, the Notes will be
consolidated and will form a single
Series with the Existing Notes.
3.
Specified Currency:
Pounds Sterling (GBP)
4.
Aggregate Nominal Amount:

(i) Series:
GBP 675,000,000

(ii) Tranche:
GBP 150,000,000
5.
(i) Issue Price:
100.024 per cent. of the Aggregate
Nominal Amount plus 358 days' accrued
interest in respect of the period from
(and including) 20 December 2018 to
(but excluding) 13 December 2019

(ii) Net proceeds:
GBP 150,036,000 plus 358 days'
accrued interest (GBP 1,287,328.77)
taking total net proceeds to GBP
151,323,328.77

6.
Specified Denominations:
GBP 1,000 (the Calculation Amount)
and integral multiples thereof
7.
(i) Issue Date:
13 December 2019

(ii) Interest Commencement Date:
20 December 2018
8.
Maturity Date:
20 December 2021
9.
Interest Basis:
0.875 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 2014/65/EU 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:
0.875 per cent. per annum payable
annually in arrear

(ii) Interest Payment Date(s):
20 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:
GBP 8.75 per Calculation Amount

(iv) Broken Amount(s):
Not Applicable

(v) Day Count Fraction:
Actual/Actual (ICMA)

(vi) Determination Date(s):
20 December in each year

(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

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
GBP 1,000 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, 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
(iii) Held under the New Safekeeping Structure

Yes
28.
Relevant Financial Centre(s) or other special London
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
general business in London
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:
RBC Europe Limited
38.
Additional selling restrictions:
None
39.
MiFID II product governance/Retail investors, The Issuer is not subject to Directive
professional investors and eligible counterparties:
2014/65/EU (as amended, MiFID II) or
the requirements of an "investment firm",
"manufacturer" or "distributor" under the
MiFID II product governance rules of EU
Delegated Directive 2017/593. For the
purposes of MiFID II, the Dealer shall be
deemed the "manufacturer" in respect
of the Notes. Solely for the purposes of
the 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 eligible counterparties and
professional clients only, each as defined
in MiFID II; and (ii) all channels for
distribution of the Notes to eligible
counterparties and professional clients
are
appropriate,
subject
to
the
distributor's
suitability
and
appropriateness obligations under MiFID
II,
as
applicable.
Any
person
subsequently
offering,
selling
or
recommending the Notes (a distributor)
should take into consideration the
manufacturer's target market assessment;
however, a distributor subject to MiFID
II is responsible for undertaking its own
target market assessment in respect of the
Notes (by either adopting or refining the
manufacturer's target market assessment)
and determining appropriate distribution
channels, subject to the distributor's
suitability
and
appropriateness
obligations
under
MiFID
II,
as
applicable.
OPERATIONAL INFORMATION
40.
ISIN Code:
XS1551677344
41.
Common Code:
155167734
42.
Any clearing system(s) other than Euroclear and Not Applicable
Clearstream, Luxembourg and the relevant
identification number(s):

43.
Delivery:
Delivery against payment
44.
Changes to the Agent(s) (if any):
Not Applicable
45.
Applicable TEFRA Rules:
Not Applicable
46.
Additional United States Federal Income Tax Not Applicable
Consequences:
47.
Intended to be held in a manner that would allow Yes. Note that the designation "yes"
Eurosystem eligibility:
simply means that the Notes are intended
upon issue to be deposited with one of the
ICSDs as common safekeeper, and
registered in the name of a nominee of
one of the ICSDs acting as common
safekeeper and does not necessarily mean
that the Notes will be recognised as
eligible
collateral
for
Eurosystem
monetary policy and intra-day credit