Bond Interamerican Development Bank 0.875% ( CA458182EC20 ) in CAD

Interamerican Development Bank

100 % ▲

United States

CA458182EC20 ( in CAD )

0.875% per year ( payment 2 times a year)

26/08/2027

Prospectus brochure of the bond Inter-American Development Bank (IDB) CA458182EC20 en CAD 0.875%, maturity 26/08/2027

1 000 CAD

500 000 000 CAD

458182EC2

27/02/2026 ( In 17 days )

The Inter-American Development Bank (IDB) is a regional development bank that provides loans, grants, and technical assistance to its borrowing member countries in Latin America and the Caribbean to promote economic development and social progress.

The Bond issued by Interamerican Development Bank ( United States ) , in CAD, with the ISIN code CA458182EC20, pays a coupon of 0.875% per year.
The coupons are paid 2 times per year and the Bond maturity is 26/08/2027

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
Issue Price: 99.392 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
Regulated Market
Scotiabank
BMO Capital Markets
BofA Securities
The date of this Pricing Supplement is August 24, 2020.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
DC_LAN01:385356.2

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 Financial Services and Markets Act 2000 or a base prospectus for the
purposes of Regulation (EU) 2017/1129). 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 / Retail investors, 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.:
759
2.
Aggregate Principal Amount:
CAD500,000,000
3.
Issue Price:
496,960,000, which is 99.392 percent of the
Aggregate Principal Amount
4.
Issue Date:
August 27, 2020
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 9(c) of "Other Relevant Terms"
below
See also "Additional Information regarding the
Description of the Notes--Form, Denomination
and Registration" below.
6.
Authorized Denomination(s)

(Condition 1(b)):
CAD1,000 and integral multiples thereof
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
2
DC_LAN01:385356.2

7.
Specified Currency

(Condition 1(d)):
Canadian Dollars ("CAD") being the lawful
currency of Canada
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
CAD
9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
CAD
10.
Maturity Date

(Condition 6(a); Fixed Interest Rate): August 27, 2027
11.
Interest Basis

(Condition 5):
Fixed Interest Rate (Condition 5(I))
12.
Interest Commencement Date

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

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

Date(s):
Semi-annually in arrears on February 27 and
August 27 in each year, commencing on
February 27, 2021, 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

Fraction(s):
Actual/Actual Canadian Compound Method,
which means when calculating interest for a
full semi-annual fixed rate interest period, the
day count convention is 30/360 and when
calculating interest for a period other than a
full semi-annual fixed rate interest period, the
day count convention is Actual/365 (Fixed).
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
3
DC_LAN01:385356.2

14.
Relevant Financial Center:
London, Toronto, New York
15.
Relevant Business Day:
London, Toronto, New York
16.
Issuer's Optional Redemption

(Condition 6(e)):
No
17.
Redemption at the Option of the
No
Noteholders (Condition 6(f)):
18.
Governing Law:
New York
Other Relevant Terms
1.
Listing (if yes, specify Stock

Exchange):
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 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:
CDS Clearing and Depository Services Inc.
("CDS") and through direct or indirect
participation in CDS: DTC, Euroclear Bank
SA/NV and Clearstream Banking S.A.

For Clearance and Settlement Procedures, see
"Additional Information regarding Clearing and
Settlement" below.

3.
Syndicated:
Yes
4.
If Syndicated:

(a)
Liability:
Several
(b)
Lead Manager:
Scotiabank Europe plc
5.
Commissions and Concessions:
0.052% of the Aggregate Principal Amount
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
4
DC_LAN01:385356.2

6.
Estimated Total Expenses:
None. The Managers have agreed to pay for
certain expenses related to the issuance of the
Notes.
7.
Codes:

(a)
Common Code:
221955811
(b)
ISIN:
CA458182EC20
(c)
CUSIP:
458182EC2
8.
Identity of Dealers:
Scotiabank Europe plc
BMO Capital Markets Corp.
Merrill Lynch International

9.
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
as of July 28, 2020, between the Bank and
Citibank, N.A., London Branch as Global
Agent. See "Additional Information regarding
the Description of the Notes--Form,
Denomination and Registration" below.
10.
Intended to be held in a manner

which would allow Eurosystem

eligibility:
Not Applicable
11.
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.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
5
DC_LAN01:385356.2

(b) 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 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
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
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.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
6
DC_LAN01:385356.2

MiFID II product governance / Retail investors, professional investors and ECPs
target market Solely for the purposes of each 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 manufacturers' 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 manufacturers' target market assessment) and determining
appropriate distribution channels.
For the purposes of this provision, the expression "manufacturer" means each Scotiabank Europe
plc and Merrill Lynch International.
For the purposes of this provision, the expression "MiFID II" means Directive 2014/65/EU, as
amended.
Additional Information regarding the Description of the Notes
Form, Denomination and Registration
The Notes will be issued in the form of a fully registered global note registered in the name of
CDS & CO., as nominee of CDS and held by CDS (the "Global Note"). Beneficial interests in the
Global Note will be represented through book-entry accounts of financial institutions acting on
behalf of beneficial owners as direct and indirect participants in CDS. Investors may elect to hold
interests in the Global Note directly through any of CDS (in Canada), DTC (in the United States)
or Clearstream Banking S.A. or Euroclear Bank SA/NV (in Europe) if they are participants of such
systems, or indirectly through organizations which are participants in such systems. DTC will
hold interests on behalf of its participants directly through its account at CDS and Clearstream
Banking S.A. and Euroclear Bank SA/NV will hold interests on behalf of their participants through
customers' securities accounts in their respective names on the books of their respective Canadian
subcustodians, each of which is a Canadian schedule I chartered bank ("Canadian Subcustodians"),
which in turn will hold such interests in customers' securities accounts in the names of the
Canadian Subcustodians on the books of CDS. Except in the limited circumstances described
below under "Definitive Certificates", owners of beneficial interests in the Global Note will not
be entitled to have Notes registered in their names, will not receive or be entitled to receive physical
delivery of Notes in definitive form and will not be considered owners or holders thereof under
the Global Agency Agreement.
All Notes will be recorded in a register maintained by the Registrar and will be registered in the
name of CDS & CO. (or such other nominees of CDS as an authorized representative of CDS may
advise) for the benefit of owners of beneficial interests in the Global Note, including participants
of DTC, Clearstream Banking S.A. and Euroclear Bank SA/NV.
Definitive Certificates
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
7
DC_LAN01:385356.2

No beneficial owner of the Notes will be entitled to receive physical delivery of the Notes in
definitive form except in the following limited circumstances:
(i) CDS notifies the Bank that it is unwilling or unable to continue as depository for the Notes and
a successor depository is not appointed by the Bank within 90 working days after receiving such
notice; or (ii) CDS ceases to be a recognized clearing agency under applicable provincial or
Canadian federal securities legislation and no successor clearing system satisfactory to the Bank
is available within 90 days after the Bank becoming aware that CDS is no longer so recognized,
the Bank will issue or cause to be issued fully registered Notes in definitive form upon registration
of, transfer of, or in exchange for, the Global Note. The Bank may also at any time and in its sole
discretion determine not to have any of the Notes held in the form of the Global Note and, in such
event, will issue or cause to be issued fully registered Notes in definitive form upon registration
of, transfer of, or in exchange for, such Global Note.
Additional Information regarding Clearing and Settlement
Links have been established among CDS, DTC, Clearstream Banking S.A. and Euroclear Bank
SA/NV to facilitate initial issuance of the Notes and cross-market transfers of the Notes associated
with secondary market trading. CDS will be directly linked to DTC and linked to Clearstream
Banking S.A. and Euroclear Bank SA/NV through the CDS accounts of their respective Canadian
Subcustodians.
The Clearing Systems
CDS was formed in November 2006 pursuant to the restructuring of The Canadian Depository for
Securities Limited ("CDS Ltd.") After the restructuring, CDS Ltd., incorporated in 1970, remains
the holding company for CDS and two other operating subsidiaries. CDS is Canada's national
securities clearing and depositary services organization. Functioning as a service utility for the
Canadian financial community, CDS provides a variety of computer automated services for
financial institutions and investment dealers active in domestic and international capital markets.
CDS participants ("CDS Participants") include banks (including the Canadian Subcustodians),
investment dealers and trust companies and may include certain of the Managers. Indirect access
to CDS is available to other organizations that clear through or maintain a custodial relationship
with a CDS Participant. Transfers of ownership and other interests, including cash distributions,
in Notes in CDS may only be processed through CDS Participants and will be completed in
accordance with existing CDS rules and procedures. CDS operates in Montreal, Toronto, Calgary
and Vancouver to centralize securities clearing functions through a central securities depositary.
Global Clearance and Settlement Procedures
Initial settlement for the Notes will be made in immediately available Canadian dollar funds.
Secondary market trading between CDS Participants will be in accordance with market
conventions applicable to transactions in book-based Canadian domestic bonds. Secondary market
trading between DTC participants will occur in the ordinary way in accordance with DTC rules.
Secondary market trading between Clearstream Banking S.A. participants and or Euroclear Bank
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
8
DC_LAN01:385356.2

SA/NV participants will occur in the ordinary way in accordance with the applicable rules and
operating procedures of Clearstream Banking S.A. and Euroclear Bank SA/NV and will be settled
using the procedures applicable to conventional Eurobonds in immediately available funds.
Transfers between CDS and DTC, Clearstream Banking S.A. or Euroclear Bank SA/NV. Cross-
market transfers between persons holding directly or indirectly through CDS Participants, on the
one hand, and directly or indirectly through DTC, Clearstream Banking S.A. or Euroclear Bank
SA/NV participants, on the other, will be effected in CDS in accordance with CDS rules; however,
such cross-market transactions will require delivery of instructions to the relevant clearing system
by the counterparty in such system in accordance with its rules and procedures and within its
established deadlines. The relevant clearing system will, if the transaction meets its settlement
requirements, deliver instructions to CDS directly or through its Canadian Subcustodian to take
action to effect final settlement on its behalf by delivering or receiving Notes in CDS, and making
or receiving payment in accordance with normal procedures for settlement in CDS. DTC
participants, Clearstream Banking S.A. participants and Euroclear Bank SA/NV participants may
not deliver instructions directly to CDS or the Canadian Subcustodians.
Because of time-zone differences, credits of Notes received in Clearstream Banking S.A. or
Euroclear Bank SA/NV as a result of a transaction with a CDS Participant will be made during
subsequent securities settlement processing and dated the business day following the CDS
settlement date. Such credits or any transactions in such Notes settled during such processing will
be reported to the relevant Clearstream Banking S.A. participants or Euroclear Bank SA/NV
participants on such business day. Cash received in Clearstream Banking S.A. or Euroclear Bank
SA/NV as a result of sales of Notes by or through a Clearstream Banking S.A. participant or a
Euroclear Bank SA/NV participant to a CDS Participant will be received with value on the CDS
settlement date but will be available in the relevant Clearstream Banking S.A. or Euroclear Bank
SA/NV cash account only as of the business day following settlement in CDS.
Transfers Between DTC, Clearstream Banking S.A. or Euroclear Bank SA/NV. Cross-market
transfers between Clearstream Banking S.A., Euroclear Bank SA/NV and DTC participants will
be effected in CDS.
When Notes are to be transferred from the account of a DTC participant to the account of a
Clearstream Banking S.A. participant or Euroclear Bank SA/NV participant, the DTC participant
will transmit instructions to DTC on settlement date and the Clearstream Banking S.A. participant
or Euroclear Bank SA/NV participant will transmit instructions to Clearstream Banking S.A. or
Euroclear Bank SA/NV at least one business day prior to the settlement date. One business day
prior to settlement date Clearstream Banking S.A. and on settlement date Euroclear Bank SA/NV,
will transmit trade instructions to its respective Canadian Subcustodian. The beneficial interests
in the Notes and payments for such beneficial interests will be transferred in CDS by DTC and the
respective Canadian Subcustodians for Clearstream Banking S.A. and Euroclear Bank SA/NV.
Although CDS, DTC, Clearstream Banking S.A. and Euroclear Bank SA/NV have agreed to the
foregoing procedures in order to facilitate transfers of Notes among participants of CDS, DTC,
Clearstream Banking S.A. and Euroclear Bank SA/NV, they are under no obligation to perform or
continue to perform such procedures and such procedures may be changed or discontinued at any
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
9
DC_LAN01:385356.2

time.
Additional Information regarding Currency Conversions
Currency Conversions
Initial purchasers are required to make payment in Canadian dollars. The Managers are prepared
to arrange for the conversion of U.S. dollars into Canadian dollars to enable United States investors
to make payment in Canadian dollars. Each such conversion will be made by such Manager on
such terms and subject to such conditions, limitations and charges as such Manager may from time
to time establish in accordance with its regular foreign exchange practices, and subject to
applicable United States laws and regulations. All costs of conversions will be borne by such
investors. See "Certain Risk Factors-- Notes are subject to exchange rate and exchange control
risks if the investor's currency is different from the Specified Currency" in the Prospectus.
Principal and interest payments in respect of the Notes (including Notes in definitive form issued
in exchange for the Global Note as described above under "Definitive Certificates") are payable
in Canadian dollars, but owners of beneficial interests in Notes held through DTC ("DTC
Beneficial Owners") will receive such payments in U.S. dollars, unless they elect, through DTC
and its participants, to receive payments in Canadian dollars as set forth below. Payments of
principal and interest on Notes held through DTC will be converted to U.S. dollars in accordance
with procedures established from time to time by CDS and DTC and paid to Cede & Co. for
payment to DTC Beneficial Owners. All costs of such conversion will be borne by DTC Beneficial
Owners receiving U.S. dollars by deduction from such payments. If there is no facility in place
between CDS and DTC for the exchange of Canadian dollars into U.S. dollars, payment of the
aggregate amount due to all DTC Beneficial Owners on the payment date will be made in Canadian
dollars outside of DTC, unless alternative arrangements acceptable to both CDS and DTC are
made by the Bank. A DTC Beneficial Owner may elect to receive payment in respect of the
principal of or interest on the Notes in Canadian dollars by notifying the DTC participant through
which its Notes are held on or prior to the applicable record date (in the case of an interest payment)
or at least fifteen days prior to maturity (in the case of a principal payment ) of (i) such DTC
Beneficial Owner's election to receive all or a portion of such payment in Canadian dollars and
(ii) wire transfer instructions to a Canadian dollar account with respect to any payment to be made
in Canadian dollars. Such DTC participant must notify DTC of such election and wire transfer
instructions on or prior to the third New York business day after such record date for any payment
of interest and on or prior to the twelfth day prior to the payment of principal. DTC will notify
CDS of such election and wire transfer instructions on or prior to the fifth New York business day
after such record date for any payment of interest and on or prior to the tenth day prior to the
payment of principal. If complete instructions are received by the DTC participant and forwarded
by the DTC participant to DTC and by DTC to CDS, on or prior to such dates, the DTC Beneficial
Owner will receive payment in Canadian dollars outside of DTC; otherwise only U.S. dollar
payments will be made through DTC. In this paragraph, "New York business day" means a day
on which banking institutions in New York, New York are not authorized or obligated by law or
regulation to close.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 759
CAD500,000,000 0.875 percent Notes due August 27, 2027
10
DC_LAN01:385356.2

Document Outline

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