Obligation African Development Bank 0.05% ( XS2295294982 ) en HKD

African Development Bank

100 % ▼

Cote d'Ivoire

XS2295294982 ( en HKD )

0.05% par an ( paiement annuel )

08/02/2022 - Obligation échue

Prospectus brochure de l'obligation African Development Bank XS2295294982 en HKD 0.05%, échue

1 000 000 HKD

150 000 000 HKD

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 XS2295294982 émise par la Banque Africaine de Développement en Côte d'Ivoire, libellée en HKD pour un montant total de 150 000 000 HKD avec une taille minimale de transaction de 1 000 000 HKD, a atteint sa maturité le 08/02/2022 à un prix de marché de 100% et un taux d'intérêt de 0,05%, ayant été intégralement remboursée.

Pricing Supplement dated 4 February 2021
AFRICAN DEVELOPMENT BANK
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer
Issue of HKD 150,000,000 0.05 per cent. Fixed Rate Notes due 8 February 2022
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.
UK MiFIR product governance / Professional investors and eligible counterparties only target market See
item 39 below.

1.
Issuer:
African Development Bank
2.
(i)
Series Number:
978
(ii)
Tranche Number:
1
3.
Specified Currency:
Hong Kong Dollar (HKD)
4.
Aggregate Nominal Amount:
HKD 150,000,000
(i)
Series:
HKD 150,000,000
(ii)
Tranche:
HKD 150,000,000
5.
(i)
Issue Price:
100.063333 per cent. of the Aggregate Nominal
Amount
(ii)
Net proceeds:
HKD 150,094,999.50
6.
Specified Denominations:
HKD 1,000,000 (the Calculation Amount)
7.
(i)
Issue Date:
8 February 2021
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
8 February 2022
9.
Interest Basis:
0.05 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par

11.
Change of Interest or Redemption/Payment Not Applicable
Basis:
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:
0.05 per cent. per annum payable annually in arrear
(ii)
Interest Payment Date:
Maturity Date
(iii)
Fixed Coupon Amount:
HKD 500 per Calculation Amount
(iv)
Broken Amount(s):
Not Applicable
(v)
Day Count Fraction:
Actual/365 (Fixed)

(vi)
Determination Date(s):
Not Applicable
(vii)
Other terms relating to the method Not Applicable
of 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
HKD 1,000,000 per Calculation Amount
25.
Early Redemption Amount
As set out in the Conditions

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2

Early Redemption Amount(s) of each Note
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.
(a)
Form of Notes:

Bearer Notes:
Not Applicable
Registered Notes:
Applicable
Registrar and Transfer Agents:
Registrar:
Citibank, N.A., London Branch, 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
(b)
Held under the New Safekeeping No
Structure:
28.
Relevant Financial Centre(s) or other special Hong Kong, London and New York City
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 Hong Kong, London and New York City
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 Not Applicable
of 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 Not Applicable

0012034-0005144 UKO2: 2001934650.7
3

of 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 following text shall be inserted in the section
entitled "Subscription and Sale" in the Information
Memorandum:
Hong Kong
The Manager has represented and agreed that:
(a)
it has not offered or sold, and will not offer
or sell, in Hong Kong, by means of any
document, the Notes other than (i) to
"professional investors" as defined in the
Securities and Futures Ordinance (Cap. 571)
of Hong Kong) (the SFO) and any rules
made under the SFO, or (ii) in other
circumstances which do not result in the
document being a "prospectus" as defined in
the
Companies
(Winding
Up
and
Miscellaneous Provisions) Ordinance (Cap.
32) of Hong Kong (the C(WUMP)O) or
which do not constitute an offer to the public
within the meaning of the C(WUMP)O; and
(b)
it has not issued or had in its possession for
the purposes of issue, and will not issue or
have in its possession for the purposes of
issue, whether in Hong Kong or elsewhere,
any advertisement, invitation or document
relating to the Notes, which is directed at, or
the contents of which are likely to be
accessed or read by, the public in Hong
Kong (except if permitted to do so under the
securities laws of Hong Kong) other than
with respect to Notes which are or are

0012034-0005144 UKO2: 2001934650.7
4

intended to be disposed of only to persons
outside Hong Kong or "professional
investors" as defined in the SFO and any
rules made under the SFO.
39.
UK
MiFIR
product
governance
/ The Issuer is not subject to Directive 2014/65/EU (as
Professional
investors
and
eligible amended, MiFID II), Regulation (EU) No 600/2014
counterparties only target market -
as it forms part of domestic law by virtue of the
European Union (Withdrawal) Act 2018 (UK
MiFIR) or the requirements of an "investment firm",
"manufacturer" or "distributor" under the MiFID II
product governance rules of EU Delegated Directive
2017/593 or FCA Handbook Product Intervention
and Product Governance Sourcebook (the UK
MiFIR Product Governance Rules), respectively.
For the purposes of UK MiFIR, 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 (as defined in the FCA Handbook
Conduct of Business Sourcebook) and professional
clients (as defined in UK MiFIR); and (ii) all
channels for distribution of the Notes to eligible
counterparties
and
professional
clients
are
appropriate. 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 the UK MiFIR Product Governance Rules
or MiFID II, as the case may be, 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 in the
case of a distributor subject to the UK MiFIR
Product Governance Rules) and determining
appropriate distribution channels.
OPERATIONAL INFORMATION
40.
ISIN:
XS2295294982
41.
Common Code:
229529498
42.
Any clearing system(s) other than Euroclear Not Applicable
and 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

0012034-0005144 UKO2: 2001934650.7
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46.
Additional United States Federal Income Not Applicable
Tax Consequences:
47.
Intended to be held in a manner that would No
allow 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 2019.
AUDITORS
The annual accounts of the Issuer for the financial years ended 31 December 2018 and 31 December 2019,
respectively, have been audited by Deloitte & Associés.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.

0012034-0005144 UKO2: 2001934650.7
6

Signed on behalf of African Development Bank:

By: __________________________________________
Duly Authorised

AfDB February 2021 Issuance Pricing Supplement Signature Page