Obligation Interamerican Development Bank 5.5% ( XS2111942608 ) en IDR

Interamerican Development Bank

100 % ⇌

Etas-Unis

XS2111942608 ( en IDR )

5.5% par an ( paiement annuel )

07/02/2023 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2111942608 en IDR 5.5%, échue

10 IDR

1 357 500 000 000 IDR

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 IDR, avec le code ISIN XS2111942608, paye un coupon de 5.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 07/02/2023

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023 (the "Notes")
payable in United States Dollars
Issue Price: 100.00 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
Regulated Market

Deutsche Bank

The date of this Pricing Supplement is as of February 4, 2020

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

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 Financial Services and Markets Act 2000 or a
base prospectus for the purposes of Regulation (EU) 2017/1129). 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.
MiFID II product governance / Retail investors, professional investors and ECPs
target market See "General Information--Additional Information Regarding the
Notes--Matters relating to MiFID II" 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.
Series No.:
742
2.
Aggregate Principal Amount:
IDR 1,357,500,000,000
3.
Issue Price:
IDR 1,357,500,000,000 which amount
represents 100.00 percent of the Aggregate
Principal Amount.
The Issue Price will be payable in USD in
the amount of USD 100,000,000 at the
agreed rate of 13,575 IDR per one USD.

4.
Issue Date:
February 7, 2020
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 9(c) of "Other Relevant Terms"
below.
2

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

6.
Authorized Denomination(s)

(Condition 1(b)):
IDR 10,000,000 and integral multiples
thereof
7.
Specified Currency

(Condition 1(d)):
The lawful currency of the Republic of
Indonesia ("Indonesian Rupiah" or "IDR"),
provided that all payments in respect of the
Notes will be made in United States Dollars
("U.S.$" or "USD")
8.
Specified Principal Payment

Currency

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

(Condition 6(a); Fixed Interest Rate): February 7, 2023
11. Interest Basis

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

(Condition 5(III)):
February 7, 2020
13. Fixed Interest Rate (Condition 5(I)):
Condition 5(I) as amended and

supplemented below, shall apply to the

Notes. The bases of the Calculation of the
Interest Amount, Interest Payment Dates
and default interest are as set out below.

(a) Interest Rate:
5.500 percent per annum

(b) Business Day Convention:
Following Business Day Convention

(c) Fixed Rate Interest Payment

Date(s):
Annually on each February 7, commencing
on February 7, 2021 and ending on, and
including, the Maturity Date.
3

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

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.

(d) Interest Period:
Each period from and including each
Interest Payment Date to but excluding the
next following Interest Payment Date,
provided that the initial Interest Period will
commence on and include the Interest
Commencement Date, and the final Interest
Period will end on but exclude the Maturity
Date.
For the purposes of the calculation of the
Interest Amount payable for any Interest
Period, there shall be no adjustment
pursuant to the Business Day Convention
specified above.

(e) Fixed Rate Day Count

Fraction(s):
Actual/Actual ICMA

(f) Calculation of Interest Amount:
As soon as practicable and in accordance
with the procedure specified herein, the
Calculation Agent will determine the IDR
Rate (as defined below) and calculate the
amount of interest payable (the "Interest
Amount") with respect to each minimum
Authorized Denomination for the relevant
Interest Period.
The Interest Amount with respect to any
Interest Period shall be a USD amount
calculated on the relevant Rate Fixing Date
(as defined below) as follows:
5.500% times the minimum Authorized
Denomination

times
4

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

the Fixed Rate Day Count Fraction

divided by

the IDR Rate

(and rounding, if necessary, the entire
resulting figure to the nearest two decimal
places, with USD 0.005 being rounded
upwards).
The "IDR Rate" means the rate determined
by the Calculation Agent that is equal to the
USD/IDR weighted average spot rate in the
interbank market, based on traded USD/IDR
spot foreign exchange transactions during a
specified time period which are captured on
a real time basis, expressed as the amount of
IDR per one USD, for settlement in two
Fixing Business Days, as published by Bank
Indonesia as the "Jakarta Interbank Spot
Dollar Rate USD IDR", which appears on
Bank Indonesia's website (www.bi.go.id),
or as published on Thomson Reuters Screen
JISDOR Page (or any replacement page or
replacement service as may be implemented
for the purposes of displaying the USD/IDR
weighted average spot rate), or as otherwise
made available by Bank Indonesia (or its
successor as administrator), at
approximately 10:00 a.m., Jakarta time, on
the Rate Fixing Date. Fallback Provisions
apply as set out below.

The "Rate Fixing Date" means the date that
is five (5) Fixing Business Days prior to the
applicable Fixed Rate Interest Payment Date
or Maturity Date, as the case may be. The
Rate Fixing Date shall be subject to
adjustment as follows: if the scheduled date
5

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

of the Rate Fixing Date is not a Relevant
Business Day, then the Rate Fixing Date
will be the first preceding day that is a
Relevant Business Day.
"Fixing Business Day" means a day (other
than a Saturday or a Sunday) on which
banks and foreign exchange markets are
open for business in Jakarta.

"Fallback Provisions": Should no
USD/IDR weighted average spot rate appear
on Bank Indonesia's website
(www.bi.go.id) as the "Jakarta Interbank
Spot Dollar Rate USD IDR", or on
Thomson Reuters Screen JISDOR Page (or
on such replacement page or replacement
service as described above), or be otherwise
made available by Bank Indonesia (or its
successor as administrator), on the Rate
Fixing Date, then the IDR Rate for such
Rate Fixing Date shall be determined by the
Calculation Agent by requesting quotations
for the mid USD/IDR spot foreign exchange
rate from five banks active in the USD/IDR
currency and foreign exchange markets as
selected by the Calculation Agent (such
banks, the "Reference Banks") either (i) at
or about 10:00 a.m. Jakarta time on the first
day (other than a Saturday or a Sunday)
following the Rate Fixing Date, if such day
is a Relevant Business Day or (ii) at or
about 10:00 a.m. Jakarta time on the Rate
Fixing Date, if the first day (other than a
Saturday or a Sunday) following the Rate
Fixing Date is not a Relevant Business Day.

If five or four quotations are provided by
Reference Banks as requested, the IDR Rate
shall be the arithmetic mean (rounded to the
nearest whole IDR, with IDR 0.5 being
rounded upwards) of the remaining three or
6

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

two such quotations (expressed as the
number of IDR per one USD), as the case
may be, after disregarding the highest
quotation and the lowest quotation;
provided, that if two or more such
quotations are the highest such quotations,
then only one of such quotations shall be
disregarded; and provided further, that if
two or more such quotations are the lowest
such quotations, then only one of such
lowest quotations shall be disregarded.
If only three or two quotations are provided
as requested, the IDR Rate shall be the
arithmetic mean (rounded to the nearest
whole IDR, with IDR 0.5 being rounded
upwards) of such quotations (expressed as
the number of IDR per one USD).
If only one or no quotations are provided as
requested, or if the Calculation Agent
determines in its sole discretion that no
suitable Reference Banks active in the
USD/IDR currency or foreign exchange
markets will provide quotations, the
Calculation Agent shall be entitled to
calculate the IDR Rate acting in good faith
in a commercially reasonable manner,
having taken into account relevant market
practice, by reference to such additional
sources as it deems appropriate; and in such
case the Calculation Agent shall notify the
Bank and the Global Agent as soon as
reasonably practicable that the IDR Rate is
to be so determined.

(g) Calculation Agent:
See "8. Identity of Calculation Agent" under
"Other Relevant Terms"

(h) Notification:
If the Interest Amount payable on any Fixed
Rate Interest Payment Date or the
Redemption Amount, as the case may be, is
7

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

calculated in any manner other than by
utilizing the USD/IDR reference rate that
appears on Bank Indonesia's website
(www.bi.go.id), or on Thomson Reuters
Screen JISDOR Page (or on such
replacement page as described above), or as
otherwise made available by Bank
Indonesia (or its successor as administrator),
the Global Agent on behalf of the Bank
shall give notice as soon as reasonably
practicable to the Noteholders in accordance
with Condition 14 (Notices).
14. Relevant Financial Center:
New York, London and Jakarta
15. Relevant Business Day:
New York, London and Jakarta

8

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

16. Redemption Amount (Condition

6(a)):
The Redemption Amount with respect to
each minimum Authorized Denomination
will be a USD amount calculated by the
Calculation Agent as of the Rate Fixing
Date with respect to the Maturity Date as
follows:

minimum Authorized Denomination

divided by

the IDR Rate

(and rounding, if necessary, the entire
resulting figure to the nearest 2 decimal
places, with USD 0.005 being rounded
upwards).
17. Issuer's Optional Redemption

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

Noteholders (Condition 6(f)):
No

9

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2

19. Early Redemption Amount

(including accrued interest, if
applicable) (Condition 9):
In the event the Notes become due and
payable as provided in Condition 9
(Default), the Early Redemption Amount
with respect to each minimum Authorized
Denomination will be a USD amount equal
to the Redemption Amount that is
determined in accordance with "16.
Redemption Amount" plus accrued and
unpaid interest, if any, as determined in
accordance with "13. Fixed Interest Rate
(Condition 5(I))"; provided, that for
purposes of such determination, the "Rate
Fixing Date" shall be the date that is five
Fixing Business Days prior to the date upon
which the Notes become due and payable as
provided in Condition 9 (Default).
20. Governing Law:
New York
21. 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 it has
complied and will comply with all
applicable provisions of the Financial
Services and Markets Act 2000 with respect
to anything done by it in relation to the
Notes in, from or otherwise involving the
United Kingdom.

(c) Indonesia:
The Notes are not and will not be registered
with the Financial Services Authority
previously known as the Capital Market and
10

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 742
IDR 1,357,500,000,000 5.500 percent Notes due February 7, 2023

DC_LAN01:381910.2