Obligation Interamerican Development Bank 2.5% ( XS2491214792 ) en GBP

Interamerican Development Bank

98.17 % ▲

Etats-unis

XS2491214792 ( en GBP )

2.5% par an ( paiement annuel )

21/07/2027

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2491214792 en GBP 2.5%, échéance 21/07/2027

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22/07/2026 ( Dans 163 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 ( Etats-unis ) , en GBP, avec le code ISIN XS2491214792, paye un coupon de 2.5% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 21/07/2027

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 836
Tranche No.: 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027 (the "Notes") as from August 19,
2022 to be consolidated and form a single series with the Bank's GBP 500,000,000 2.500
percent Notes due July 22, 2027, issued on June 17, 2022 (the "Series 836 Tranche 1 Notes")
Issue Price: 100.010 percent plus 28 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
Barclays
The date of this Pricing Supplement is August 16, 2022.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

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 and UK MiFIR product governance / Retail investors, professional investors
and ECPs target market See "General Information--Additional Information Regarding the
Notes--Matters relating to MiFID II and 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. Together with the applicable
Conditions (as defined above), these are the only terms that form part of the form of Notes for
such issue.
1.
Series No.:
836
Tranche No.:
2
2.
Aggregate Principal Amount:
GBP 100,000,000
As from the Issue Date, the Notes will be
consolidated and form a single series with the
Series 836 Tranche 1 Notes.
3.
Issue Price:
GBP 100,201,780.82, which amount represents
the sum of (a) 100.010 percent of the Aggregate
Principal Amount plus (b) the amount of GBP
191,780.82 representing 28 days' accrued
interest, inclusive.
4.
Issue Date:
August 19, 2022
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 8(c) of "Other Relevant Terms"
below
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

6.
New Global Note:
No
7.
Authorized Denomination(s)

(Condition 1(b)):
GBP 1,000 and integral multiples thereof
8.
Specified Currency

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

9.
Specified Principal Payment

Currency

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

(Condition 6(a); Fixed Interest Rate): July 22, 2027
12. Interest Basis

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

(Condition 5(III)):
July 22, 2023
14. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
2.500 percent per annum

(b)
Fixed Rate Interest Payment

Date(s):
Annually in arrear on July 22 in each year,
commencing on July 22, 2023, up to and
including the Maturity Date.

Each 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

Fraction(s):
Actual/Actual (ICMA)

3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

15.
Relevant Financial Center:
London and New York
16.
Relevant Business Days:
London and New York
17.
Issuer's Optional Redemption
(Condition 6(e)):
No
18.
Redemption at the Option of the
Noteholders (Condition 6(f)):
No
19.
Governing Law:
New York
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.
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:
No commissions or concessions are payable in
respect of the Notes.
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:
249121479
(b)
ISIN:
XS2491214792
7.
Identity of Dealer:
Barclays Bank PLC
8.
Provisions for Registered Notes:
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

(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 Amended
and Restated Global Agency Agreement, dated
July 28, 2020, among the Bank, Citibank, N.A.,
as Global Agent, and the other parties thereto.
9.
Intended to be held in a manner
which would allow Eurosystem
eligibility:
Not Applicable
10.
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.
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

(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.
General Information
Additional Information Regarding the Notes
1.
Use of Proceeds
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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

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 each 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 manufacturers'
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 manufacturers' target market assessment) and determining
appropriate distribution channels.
For the purposes of this provision, (i) the expression "UK manufacturers" 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.
INTER-AMERICAN DEVELOPMENT BANK
By:
Name: Gustavo Alberto De Rosa
Title: Vice President for Finance and Administration &
Chief Financial Officer and
General Manager, Finance Department
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 836, Tranche 2
GBP 100,000,000 2.500 percent Notes due July 22, 2027

Document Outline

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