Obligation Interamerican Development Bank 0.5% ( XS2065728177 ) en GBP

Interamerican Development Bank

100 % ▲

Etas-Unis

XS2065728177 ( en GBP )

0.5% par an ( paiement annuel )

15/09/2026

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2065728177 en GBP 0.5%, échéance 15/09/2026

1 000 GBP

940 000 000 GBP

15/09/2026 ( Dans 218 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 GBP, avec le code ISIN XS2065728177, paye un coupon de 0.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 15/09/2026

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 729
Tranche No.: 3

GBP 135,000,000 0.500 percent Notes due September 15, 2026 (the "Notes") as from July 16,
2021 to be consolidated and form a single series with the Bank's GBP 275,000,000 0.500
percent Notes due September 15, 2026, issued on October 22, 2019 (the "Series 729 Tranche 1
Notes") and the Bank's GBP 250,000,000 0.500 percent Notes due September 15, 2026, issued
on June 25, 2020 (the "Series 729 Tranche 2 Notes")

Issue Price: 99.564 percent plus 304 days' accrued interest

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

RBC Capital Markets

The date of this Pricing Supplement is July 13, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 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 January 8, 2001 (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. These are the only terms which form
part of the form of Notes for such issue.

1. (a) Series No.:
729

(b) Tranche No.:
3
2. Aggregate Principal Amount:
GBP 135,000,000
As from the Issue Date, the Notes will be
consolidated and form a single series with the
Series 729 Tranche 1 Notes and the Series 729
Tranche 2 Notes.

3. Issue Price:
GBP 134,973,591.78, which amount represents
the sum of (a) 99.564 percent of the Aggregate
Principal Amount plus (b) the amount of GBP
562,191.78 representing 304 days' accrued
interest, inclusive.
4. Issue Date:
July 16, 2021
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

5. Form of Notes

(Condition 1(a)):
Registered only, as further provided in paragraph
9(c) of "Other Relevant Terms" below.
6. Authorized Denomination(s)

(Condition 1(b)):
GBP 1,000 and integral multiples thereof
7. Specified Currency

(Condition 1(d)):
Pound sterling ("GBP") being the lawful currency
of the United Kingdom of Great Britain and
Northern Ireland
8. Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
GBP
9. Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
GBP
10. Maturity Date

(Condition 6(a); Fixed Interest Rate): September 15, 2026
11. Interest Basis

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

(Condition 5(III)):
September 15, 2020
13. Fixed Interest Rate (Condition 5(I)):

(a) Interest Rate:
0.500 percent per annum

(b) Fixed Rate Interest Payment

Date(s):
Annually in arrear on September 15 in each
year, commencing on September 15, 2021, up to
and including the Maturity Date.

Each Interest Payment Date is subject to
adjustment in accordance with the Following
Business Day Convention with no adjustment to
the amount of interest otherwise calculated.

(c) Fixed Rate Day Count

Fraction(s):
Actual/Actual (ICMA)

3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

14. Relevant Financial Center:
London and New York
15. Relevant Business Days:
London and New York
16. Issuer's Optional Redemption

(Condition 6(e)):
No
17. Redemption at the Option of the

Noteholders (Condition 6(f)):
No
18. Governing Law:
New York
19. 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:
The Dealer 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.

4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 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, the Dealer 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.
20. Amendment to Condition 7(a)(i):
Condition 7(a)(i) is hereby amended by deleting
the first sentence thereof and replacing it with
the following: "Payments of principal and
interest in respect of Registered Notes shall be
made to the person shown on the Register at the
close of business on the business day before the
due date for payment thereof (the "Record
Date")."
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

21. Amendment to Condition 7(h):
The following shall apply to Notes any payments
in respect of which are payable in a Specified
Currency other than United States Dollars:
Condition 7(h) is hereby amended by deleting
the words "the noon buying rate in U.S. dollars
in the City of New York for cable transfers for
such Specified Currency as published by the
Federal Reserve Bank of New York on the second
Business Day prior to such payment or, if such
rate is not available on such second Business
Day, on the basis of the rate most recently
available prior to such second Business Day" and
replacing them with the words "a U.S.
dollar/Specified Currency exchange rate
determined by the Calculation Agent as of the
second Business Day prior to such payment, or, if
the Calculation Agent determines that no such
exchange rate is available as of such second
Business Day, on the basis of the exchange rate
most recently available prior to such second
Business Day. In making such determinations, the
Calculation Agent shall act in good faith and in a
commercially reasonable manner having taken
into account all available information that it shall
deem relevant".

If applicable and so appointed, and unless
otherwise defined herein, the "Calculation
Agent" referred to in amended Condition
7(h) shall be the Global Agent under the
Bank's Global Debt Program namely,
Citibank, N.A., London Branch, or its duly
authorized successor.

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 with
effect from the Issue Date.
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

2. Details of Clearance System
Approved by the Bank and the

Global Agent and Clearance and

Settlement Procedures:
Euroclear Bank SA/NV and Clearstream Banking
S.A.

3. Syndicated:
No
4. Commissions and Concessions:
0.0373% of the Aggregate Principal Amount
5. Estimated Total Expenses:
The Dealer has 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.

6. Codes:

(a) Common Code:
206572817

(b) ISIN:
XS2065728177
7. Identity of Dealer:
RBC Europe Limited
8. Provisions for Registered Notes:

(a) Individual Definitive

Registered Notes Available

on Issue Date:
No

(b) DTC Global Note(s):
No

(c) Other Registered Global

Notes:
Yes, issued in accordance with the Global
Agency Agreement, dated January 8, 2001, as
amended, among the Bank, Citibank, N.A., as
Global Agent, and the other parties thereto.

7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

General Information
Additional Information Regarding the Notes
1.
The language set out under the heading "Use of Proceeds" in the Prospectus shall be
deleted in its entirety and replaced by the following:

"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 the 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 take into consideration the UK manufacturer's
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 manufacturer's target market assessment) and
determining appropriate distribution channels.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

For the purposes of this provision, (i) the expression "UK manufacturer" means the
Dealer, (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.
3.
United States Federal Income Tax Matters

The following supplements the discussion under the "Tax Matters" section of the
Prospectus regarding the United States federal income tax treatment of the Notes, and is subject
to the limitations and exceptions set forth therein. Any tax disclosure in the Prospectus or this
pricing supplement is of a general nature only, is not exhaustive of all possible tax
considerations and is not intended to be, and should not be construed to be, legal, business or
tax advice to any particular prospective investor. Each prospective investor should consult its
own tax advisor as to the particular tax consequences to it of the acquisition, ownership, and
disposition of the Notes, including the effects of applicable United States federal, state, and
local tax laws and non-United States tax laws and possible changes in tax laws.

Because the Notes are denominated and payable in British pound sterling, a United
States holder of the Notes will generally be subject to special United States federal income tax
rules governing foreign currency transactions, as described in the Prospectus in the last four
paragraphs of "--Payments of Interest" , in "--Purchase, Sale and Retirement of the Notes" and
in "--Exchange of Amounts in Other Than U.S. Dollars" under the "United States Holders"
section.

A United States holder will generally be taxed on interest on the Notes as ordinary
income at the time such holder receives the interest or when it accrues, depending on the
holder's method of accounting for tax purposes. However, the portion of the first interest
payment on the Notes that represents a return of the 304 days of accrued interest that a United
States holder paid as part of the Issue Price of the Notes ("Pre-Issuance Accrued Interest") will
not be treated as an interest payment for United States federal income tax purposes, and will
accordingly only be taxable to the extent that the U.S. dollar value of the amount received in
respect of such Pre-Issuance Accrued Interest differs from the U.S. dollar amount paid by the
holder in respect of such interest. Any such difference should give rise to United States foreign
currency gain or loss.

Upon a sale or retirement of the Notes, a United States holder will generally recognize
gain or loss equal to the difference, if any, between (i) the U.S. dollar value of the amount
realized on the sale or retirement (other than amounts attributable to accrued but unpaid interest,
which would be treated as interest payments except to the extent that such amounts are a return
of Pre-Issuance Accrued Interest), and (ii) the United States holder's adjusted tax basis in the
Notes. A United States holder's adjusted tax basis in the Notes generally will equal the U.S.
dollar cost of the Notes to the United States holder, reduced, if such disposition occurs after the
first interest payment, by an amount equal to the U.S. dollar value on the issue date of the Pre-
9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

Issuance Accrued Interest that was previously received by the United States holder. Such gain
or loss will be capital gain or loss except to the extent attributable to changes in exchange rates.
Capital gain of individual taxpayers from the sale or retirement of Notes held for more than one
year may be eligible for reduced rates of taxation. The deductibility of a capital loss is subject
to significant limitations.

Due to a change in law since the date of the Prospectus, the second paragraph of "--
Payments of Interest" under the "United States Holders" section should be updated to read as
follows: "Interest paid by the Bank on the Notes constitutes income from sources outside the
United States and will generally be "passive" income for purposes of computing the foreign tax
credit."

Information with Respect to Foreign Financial Assets. Owners of "specified foreign
financial assets" with an aggregate value in excess of U.S.$50,000 (and in some circumstances,
a higher threshold) may be required to file an information report with respect to such assets with
their tax returns. "Specified foreign financial assets" may include financial accounts maintained
by foreign financial institutions, as well as the following, but only if they are held for
investment and not held in accounts maintained by financial institutions: (i) stocks and
securities issued by non-United States persons, (ii) financial instruments and contracts that have
non-United States issuers or counterparties, and (iii) interests in foreign entities. Holders are
urged to consult their tax advisors regarding the application of this reporting requirement to
their ownership of the Notes.

Medicare Tax. A United States holder that is an individual or estate, or a trust that does
not fall into a special class of trusts that is exempt from such tax, is subject to a 3.8% tax (the
"Medicare tax") on the lesser of (1) the United States holder's "net investment income" (or
"undistributed net investment income" in the case of an estate or trust) for the relevant taxable
year and (2) the excess of the United States holder's modified adjusted gross income for the
taxable year over a certain threshold (which in the case of individuals is between U.S.$125,000
and U.S.$250,000, depending on the individual's circumstances). A holder's net investment
income generally includes its interest income, foreign currency gain and its net capital gains
from the disposition of Notes, unless such interest income or gains are derived in the ordinary
course of the conduct of a trade or business (other than a trade or business that consists of
certain passive or trading activities). United States holders that are individuals, estates or trusts
are urged to consult their tax advisors regarding the applicability of the Medicare tax to their
income and gains in respect of their investment in the Notes.

Treasury Regulations Requiring Disclosure of Reportable Transactions. Treasury
regulations require United States taxpayers to report certain transactions that give rise to a loss
in excess of certain thresholds (a "Reportable Transaction"). Under these regulations, because
the Notes are denominated in a foreign currency, a United States holder (or a non-United States
holder that holds the Notes in connection with a United States trade or business) that recognizes
a loss with respect to the Notes that is characterized as an ordinary loss due to changes in
currency exchange rates (under any of the rules discussed under the "Tax Matters" section of
the Prospectus) would be required to report the loss on IRS Form 8886 (Reportable Transaction
10
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 729, Tranche 3
GBP 135,000,000 0.500 percent Notes due September 15, 2026
4838-3375-4097 v.2

Document Outline

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