Obligation African Development Bank 0.8835% ( XS2309349913 ) en EUR

African Development Bank

100 % ▲

Cote d'Ivoire

XS2309349913 ( en EUR )

0.8835% par an ( paiement annuel )

01/02/2051

Prospectus brochure de l'obligation African Development Bank XS2309349913 en EUR 0.8835%, échéance 01/02/2051

100 000 EUR

35 000 000 EUR

01/02/2025 ( Dans 261 jours )

L'Obligation émise par African Development Bank ( Cote d'Ivoire ) , en EUR, avec le code ISIN XS2309349913, paye un coupon de 0.8835% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 01/02/2051

Pricing Supplement dated 2 March 2021

AFRICAN DEVELOPMENT BANK

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

Issue of EUR 35,000,000 0.8835 per cent. Callable Fixed Rate Notes due 1
February 2051 (the 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.

UK MiFIR Product governance / Eligible counterparties and professional investors target market see
item 39 below.

1. Issuer:
African Development Bank

2. (i) Series Number:
984

(ii) Tranche Number:
1

3. Specified Currency:
Euro (EUR)

4. Aggregate Nominal Amount:

(i)
Series
EUR 35,000,000

(ii)
Tranche
EUR 35,000,000

5. (i) Issue Price:
100 per cent. of the Aggregate Nominal Amount

(ii) Net proceeds:
EUR 35,000,000

6. Specified Denominations:
EUR 100,000 (also, the Calculation Amount)
The Instrument may not be subdivided or reissued
in a smaller denomination

7. (i) Issue Date:
4 March 2021

(ii) Interest Commencement Date:
4 March 2021

8. Maturity Date:
1 February 2051

9. Interest Basis:
0.8835 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:
Issuer Call (further particulars specified below)

13. Status of the Notes:
Senior

14. Listing:
The regulated market of the Luxembourg Stock
Exchange

15. Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

16. Fixed Rate Note Provisions
Applicable

(i)
Rate of Interest:
0.8835 per cent. per annum payable annually in
arrear

(ii)
Interest Payment Date(s):
1 February in each year from and including 1
February 2022 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:
EUR 883.50 per Calculation Amount

(iv)
Broken Amount(s):
EUR 802.51 per Calculation Amount

(v)
Day Count Fraction:
30/360

(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
Applicable

(i)
Optional Redemption Date(s):
1 February 2031

(ii)
Optional Redemption Amount of Par
each Note and method, if any, of
calculation of such amount(s):

(iii)
If redeemable in part:
Not Applicable

Minimum nominal amount to be
redeemed:
Maximum nominal amount to be
redeemed:
(iv)
Option Exercise Date(s):
Not Applicable

(v)
Description of any other option of Not Applicable
the Issuer:

(vi)
Notice period (if other than as set At least ten (10) London, New York and TARGET
out in the Conditions):
Business Days prior to the Optional Redemption
Date

23. Put Option
Not Applicable

24. Final Redemption Amount of each Note
EUR 100,000 per Calculation Amount

25. Early Redemption Amount
As set out in the Conditions

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. Form of Notes:

Bearer Notes:
Applicable

Temporary Bearer Global Note exchangeable for
a Permanent Bearer Global Note which is
exchangeable for Definitive Bearer Notes in the
limited circumstances specified in the Permanent
Global Note.

Registered Notes:
Not Applicable

(i)
DTC Application:
No

(ii)
Australian Domestic Notes:
No

(iii)
New Global Note
Yes
28. Relevant Financial Centre(s) or other
London, New York City and TARGET
special 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 and New York City and on

which the TARGET system is operational.

29. Talons for future Coupons to be attached Not Applicable
to Definitive Bearer Notes (and dates on
which such Talons mature):

30. Details relating to Partly Paid Notes: Not Applicable
amount 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: Not Applicable
amount 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:
J.P. Morgan Securities plc

38. Additional selling restrictions:
Not Applicable

39. UK MiFIR product governance / Eligible The Issuer is not subject to Regulation (EU) No
counterparties and professional investors 600/2014 as it forms part of domestic law by virtue
target market
of the European Union (Withdrawal) Act 2018
("UK MiFIR") or the requirements of an
"investment firm", "manufacturer" or "distributor"
under the UK MiFIR product governance rules. For
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 only 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, subject to the distributor's suitability
and appropriateness obligations under the FCA

Handbook Product Intervention and Product
Governance Sourcebook (the "UK MiFIR Product
Governance Rules") 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 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 manufacturer's target
market assessment) and determining appropriate
distribution channels.

OPERATIONAL INFORMATION

40. ISIN Code:
XS2309349913

41. Common Code:
230934991

42. Any clearing system(s) other than Not Applicable
Euroclear 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:
D Rules

46. Additional United States Federal Income Not Applicable
Tax Consequences:

47. Intended to be held in a manner that
Yes
would 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.

USE OF PROCEEDS

The Issuer will use its best efforts to direct an amount equal to the net proceeds of the issue of the Notes
to lending projects which aim to "Feed Africa", subject to and in accordance with the Issuer's lending
standards. The proceeds of the Notes will be included in the ordinary capital resources of the Issuer and
will be used for the general operations of the Issuer in accordance with the Agreement establishing 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 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