Obligation Interamerican Development Bank 0.25% ( XS2324778492 ) en SEK

Interamerican Development Bank

100 % ⇌

Etas-Unis

XS2324778492 ( en SEK )

0.25% par an ( paiement annuel )

31/03/2026

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2324778492 en SEK 0.25%, échéance 31/03/2026

2 000 000 SEK

1 100 000 000 SEK

31/03/2026 ( Dans 50 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 SEK, avec le code ISIN XS2324778492, paye un coupon de 0.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 31/03/2026

EXECUTION VERSION

PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 791

SEK 1,100,000,000 0.250 percent Notes due March 31, 2026 (the "Notes")

Issue Price: 99.802 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
UK Regulated Market

Nordea Bank Abp

The date of this Pricing Supplement is March 26, 2021.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 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 July 28, 2020 (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.

MiFID II product governance / 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. Together with the
applicable Conditions (as defined above), which are expressly incorporated hereto, these are
the only terms that form part of the form of Notes for such issue.

1.
Series No.:
791
2.
Aggregate Principal Amount:
SEK 1,100,000,000
3.
Issue Price:
SEK 1,097,822,000, which is 99.802 percent
of the Aggregate Principal Amount
4.
Issue Date:
March 31, 2021
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

5.
Form of Notes
Bearer only.
(Condition 1(a)):
The Notes will initially be represented by a
temporary global note in bearer form (the
"Temporary Bearer Global Note"). Interests
in the Temporary Bearer Global Note will,
not earlier than the Exchange Date, be
exchangeable for interests in a permanent
global note in bearer form (the "Permanent
Bearer Global Note"). Interests in the
Permanent Bearer Global Note will be
exchangeable for definitive Notes in bearer
form ("Definitive Bearer Notes"), in the
following circumstances: (i) if the Permanent
Bearer Global Note is held on behalf of a
clearing system and such clearing system is
closed for business for a continuous period of
fourteen (14) days (other than by reason of
holidays, statutory or otherwise) or announces
its intention to permanently cease business or
does in fact do so, by any such holder giving
written notice to the Global Agent; and (ii) at
the option of any such holder upon not less
than sixty (60) days' written notice to the
Bank and the Global Agent from Euroclear
and Clearstream, Luxembourg on behalf of
such holder; provided, that no such exchanges
will be made by the Global Agent, and no
Noteholder may require such an exchange,
during a period of fifteen (15) days ending on
the due date for any payment of principal on
the Notes.
6.
Authorized Denomination(s)
SEK 2,000,000 and integral multiples thereof
(Condition 1(b)):
7.
Specified Currency
Swedish Kroner ("SEK") being the lawful
(Condition 1(d)):
currency of the Kingdom of Sweden

8.
Specified Principal Payment
SEK
Currency
(Conditions 1(d) and 7(h)):
9.
Specified Interest Payment Currency SEK
(Conditions 1(d) and 7(h)):
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

10.
Maturity Date
March 31, 2026
(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
11.
Interest Basis
Fixed Interest Rate (Condition 5(I))
(Condition 5):
12.
Interest Commencement Date

(Condition 5(III)):
Issue Date
13.
Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
0.250 percent per annum
(b)
Fixed Rate Interest Payment
Annually in arrear on March 31 in each
Date(s):
year, commencing on March 31, 2022, up
to and including the Maturity Date.
Each Fixed Rate Interest Payment Date is
subject to the Business Day Convention, but
with no adjustment to the amount of interest
otherwise calculated.
(c)
Business Day Convention:
Following Business Day Convention
(d)
Fixed Rate Day Count
30/360
Fraction(s):
14.
Relevant Financial Center:
Stockholm, New York and London
15.
Relevant Business Day:
Stockholm, New York and London
16.
Issuer's Optional Redemption
No
(Condition 6(e)):
17.
Redemption at the Option of the
No
Noteholders (Condition 6(f)):
18.
Governing Law:
New York
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

Other Relevant Terms
1.
Listing (if yes, specify Stock
Application has been made for the Notes to be
Exchange):
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.
2.
Details of Clearance System
Euroclear Bank SA/NV and/or Clearstream
Approved by the Bank and the
Banking S.A.
Global Agent and Clearance and
Settlement Procedures:
3.
Syndicated:
No
4.
Commissions and Concessions:
None
5.
Estimated Total Expenses:
The Dealer has agreed to pay for all material
expenses related to the issuance of the Notes.
6.
Codes:

(a)
Common Code:
232477849
(b)
ISIN:
XS2324778492
7.
Identity of Dealer(s)/Manager(s):
Nordea Bank Abp
8.
Provisions for Bearer Notes:

(a)
Exchange Date:
Not earlier than May 10, 2021, which is the
date that is 40 (forty) days after the Issue
Date.

(b)
Permanent Global Note:
Yes
(c)
Definitive Bearer Notes:
No, except in the limited circumstances
described under "Form of Notes" herein and
in the Prospectus
9.
Intended to be held in a manner
Not Applicable
which would allow Eurosystem
eligibility:
10.
Selling Restrictions

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

(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.

Notes in bearer form are subject to U.S. tax
law requirements and may not be offered,
sold or delivered within the United States or
its possessions or to U.S. persons, except in
certain circumstances permitted by U.S. tax
regulations.

(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 such Notes in, from or
otherwise involving the UK.

(c) Kingdom of Sweden:
The Dealer represents and agrees that the
issuance of the Notes are not subject to any
registration or approval requirements under
the Swedish Financial Instruments Trading
Act (Sw. lag (1991:980) om handel med
finansiella instrument). Accordingly, the
Notes hereunder may not, and will not, be
marketed and offered or sold directly or
indirectly in Sweden except in accordance
with the relevant exemptions under the
Swedish Financial Instruments Trading Act.

6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

(d) 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).

(e) 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.

General Information
Additional Information Regarding the Notes
1.
Use of Proceeds

An amount equal to the net proceeds of the issue of the Notes (which proceeds may
be converted into other currencies) shall be recorded by the Bank in a separate sub-account
supporting Eligible Projects. These proceeds will be invested in accordance with the Bank's
conservative liquidity investment guidelines until used to support the Bank's financing of
Eligible Projects. So long as the Notes are outstanding and the account has a positive
balance, the Bank shall direct an amount equal to such net proceeds to its lending projects
within the fields of Education, Youth, and Employment, subject to and in accordance with
the Bank's policies. The Bank shall allocate amounts from the sub-account to support the
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

financing of Eligible Projects on a semi-annual basis.
"Eligible Projects" means all projects funded, in whole or in part, by the Bank that
promote early childhood care and education, through formal primary and secondary
education, or facilitate labor market placement by improving the transition from school to
work through vocational training. Eligible Projects may include projects in Latin America
and the Caribbean that target (a) early childhood development, effective teaching and
learning among children and youth ("Education Projects"), (b) early childhood care and
youth-at-risk programs ("Youth Projects") or (c) labor intermediation systems, job
opportunities and workforce skills ("Employment Projects").

Examples of Education Projects include, without limitation:
· Early childhood development programs
· Primary education programs, which includes teacher training, bilingual
education, literacy, math and science education and school infrastructure
· Secondary education programs, which includes programs directed to improving
retention and graduation, developing teaching and learning methods and
providing assistance to disadvantaged children
· Compensatory education programs
· Teacher education and effectiveness programs
· E-education programs

Examples of Youth Projects include, without limitation:
· Support for parents and caregivers to improve quality of child care
· Youth-At-Risk programs which support interventions, policy design, and/or
impact evaluations to benefit at-risk youth

Examples of Employment Projects include, without limitation:
· School-to-Work transition programs
· Vocational and technical education programs
· Human resources and workforce development programs
· Labor intermediation systems
· Vocational and Workforce training programs, directed at improving social and
labor acclimation for youth, unemployed adults and active workers

The above examples of Education Projects, Youth Projects and Employment Projects
are for illustrative purposes only and no assurance can be provided that disbursements for
projects with these specific characteristics will be made by the Bank during the term of the
Notes.

2.
Matters relating to MiFID II
The Bank does not fall under the scope of application of the MiFID II regime.
Consequently, the Bank does not qualify as an "investment firm", "manufacturer" or
"distributor" for the purposes of MiFID II.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

MiFID II product governance / Retail investors, professional investors and ECPs
target market Solely for the purposes of the EU 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, each as defined
in MiFID II; 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 EU 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 EU manufacturer's target market assessment) and
determining appropriate distribution channels.
For the purposes of this provision, the expression "EU manufacturer" means the Dealer, and
the expression MiFID II means Directive 2014/65/EU, as amended.
3.
United States Federal Income Tax Matters
The Notes will be treated as issued in bearer form for United States tax purposes;
therefore, the "Tax Matters" section in the Prospectus does not apply to the Notes. A United
States Holder that acquires Notes could be subject to adverse tax consequences with respect
to its ownership of the Notes and should accordingly consult its tax advisor prior to
acquiring Notes.
INTER-AMERICAN DEVELOPMENT BANK
9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 791
SEK 1,100,000,000 0.250 percent Notes due March 31, 2026
4838-9710-7169 v.2

Document Outline

#1">PRICING SUPPLEMENT
#1">Inter-American Development Bank Global Debt Program