Obligation Interamerican Development Bank 2.375% ( XS2511301595 ) en GBP

Interamerican Development Bank

95.01 % ▲

Etats-unis

XS2511301595 ( en GBP )

2.375% par an ( paiement annuel )

02/08/2029

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2511301595 en GBP 2.375%, échéance 02/08/2029

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03/08/2026 ( Dans 175 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 XS2511301595, paye un coupon de 2.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 02/08/2029

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029 (the "Notes")
Issue Price: 99.801 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
Barclays
Deutsche Bank
HSBC
The date of this Pricing Supplement is July 29, 2022.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 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 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.:
840
2.
Aggregate Principal Amount:
GBP 300,000,000
3.
Issue Price:
GBP 299,403,000, which is 99.801
percent of the Aggregate Principal
Amount.
4.
Issue Date:
August 3, 2022
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 8(c) of "Other Relevant Terms"
below.
6.
New Global Note:
No
7. Authorized
Denomination(s)

(Condition 1(b)):
GBP 1,000 and integral multiples thereof
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2

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):
August 3, 2029
12. Interest
Basis

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

(Condition 5(III)):
Issue Date (August 3, 2022)
14. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
2.375 percent per annum
(b)
Fixed Rate Interest Payment

Date(s):
Annually in arrear on August 3 in each
year, commencing on August 3, 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)

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
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2

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:
Yes
4. If
Syndicated:

(a)
Liability:
Several and not joint
(b)
Managers:
Barclays Bank PLC
Deutsche Bank AG, London Branch
HSBC Bank plc

5.
Commissions and Concessions:
No commissions or concessions are
payable in respect of the Notes.
6.
Estimated Total Expenses:
The Managers have 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.
7. Codes:

(a)
Common Code:
251130159
(b)
ISIN: XS2511301595

4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2

8.
Provisions for Registered Notes:

(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:
Each of the Managers 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.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2

(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,
each of the Managers 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.

6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2

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
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 MiFID II and UK MiFIR
The Bank does not fall under the scope of application of either the MiFID II or the UK
MiFIR regime. Consequently, the Bank does not qualify as an "investment firm",
"manufacturer" or "distributor" for the purposes of MiFID II or UK MiFIR.
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, professional clients and retail 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
Deutsche Bank AG, London Branch, and the expression "MiFID II" means Directive
2014/65/EU, as amended.
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
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2

(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
Barclays Bank PLC, Deutsche Bank AG, London Branch and HSBC Bank plc, (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
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 840
GBP 300,000,000 2.375 percent Notes due August 3, 2029
4859-1161-1947 v.2