Bond Interamerican Development Bank 0% ( US45818WCP95 ) in USD

Interamerican Development Bank

100 % ⇌

United States

US45818WCP95 ( in USD )

15/09/2022 - Bond has expired

Prospectus brochure of the bond Inter-American Development Bank (IDB) US45818WCP95 in USD 0%, expired

1 000 USD

1 000 000 000 USD

45818WCP9

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 USD, with the ISIN code US45818WCP95, pays a coupon of 0% per year.
The coupons are paid 4 times per year and the Bond maturity is 15/09/2022

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 725

USD600,000,000 Floating Rate Notes due September 16, 2022 (the "Notes")
Issue Price: 100.00 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

Citigroup
Deutsche Bank
TD Securities
Wells Fargo Securities

The date of this Pricing Supplement is September 12, 2019.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

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 January 8, 2001 (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 the 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. These are the only terms
which form part of the form of Notes for such issue.

1.
Series No.:
725
2.
Aggregate Principal Amount:
USD600,000,000
3.
Issue Price:
USD600,000,000 which is 100.00 percent of
the Aggregate Principal Amount
4.
Issue Date:
September 18, 2019
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 10 of "Other Relevant Terms" below
6.
Authorized Denomination(s)

(Condition 1(b)):
USD1,000 and integral multiples thereof
7.
Specified Currency

(Condition 1(d)):
United States Dollars (USD) being the lawful
currency of the United States of America
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
USD
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

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

(Condition 6(a); Fixed Interest

Rate):
September 16, 2022
11.
Interest Basis

(Condition 5):
Variable Interest Rate (Condition 5(II))
12.
Interest Commencement Date

(Condition 5(III)):
Issue Date (September 18, 2019)
13.
Variable Interest Rate (Condition

5(II)):
(a)
Calculation Amount (if

different than Principal
Amount of the Note):
Not Applicable
(b)
Business Day Convention:
Following Business Day Convention (Adjusted)
(c)
Specified Interest Period:
The period beginning on, and including, the
Interest Commencement Date (the Issue Date)
to, but excluding, the first Interest Payment
Date and each successive period beginning on,
and including, an Interest Payment Date to, but
excluding, the next succeeding Interest
Payment Date, in each case, as adjusted in
accordance with the relevant Business Day
Convention.
(d)
Interest Payment Date:
Quarterly in arrear on March 16, June 16,
September 16 and December 16 in each year,
commencing with a short first coupon on
December 16, 2019, up to and including the
Maturity Date.
Each Interest Payment Date is subject to
adjustment in accordance with the Following
Business Day Convention.
(e)
Reference Rate:
Compounded Daily SOFR
The Rate of Interest for each relevant Interest
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

Period shall be determined by the Calculation
Agent on each Interest Determination Date in
accordance with the following provisions.
The Rate of Interest for each Interest Period
shall apply with effect from the Reset Date for
that Interest Period.
"Compounded Daily SOFR" means the rate of
return of a daily compounded interest
investment (with the daily secured overnight
financing rate as the reference rate for the
calculation of interest) calculated in accordance
with the formula below and the resulting
percentage being rounded, if necessary, to the
nearest one hundred-thousandth of a percentage
point, with 0.000005 being rounded upwards:

where:

"d" is the number of calendar days in the
relevant Interest Period;

"do" for any Interest Period, means the number
of U.S. Government Securities Business Days
in the relevant Interest Period;

"i" is a series of whole numbers from one to do,
each representing the relevant U.S. Government
Securities Business Days in chronological order
from and including the first U.S. Government
Securities Business Day in the relevant Interest
Period;

"ni" for any U.S. Government Securities
Business Day "i" means the number of calendar
days from, and including, such U.S.
Government Securities Business Day "i" up to,
but excluding, the following U.S. Government
Securities Business Day;

"New York Business Day" means a day (other
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

than a Saturday or a Sunday) on which
commercial banks and foreign exchange
markets settle payments and are open for
general business (including dealings in foreign
exchange and foreign currency deposits) in
New York City;

"Rate of Interest" means for each Interest
Period, subject to this section 13(e),
Compounded Daily SOFR plus the Spread.

"Reset Date" means the first day of each
Interest Period;

"SOFR i-5USBD" means the SOFR Reference
Rate for the U.S. Government Securities
Business Day falling five U.S. Government
Securities Business Days prior to the relevant
U.S. Government Securities Business Day "i";

"SOFR Reference Rate" means, in respect of
any U.S. Government Securities Business Day,
a reference rate equal to the daily secured
overnight financing rate ("SOFR") for such
U.S. Government Securities Business Day as
provided by the Federal Reserve Bank of New
York, as the administrator of such rate, (or any
successor administrator of such rate) on the
website of the Federal Reserve Bank of New
York currently at http://www.newyorkfed.org,
or any successor website of the Federal Reserve
Bank of New York (the "New York Fed's
Website") (in each case, on or about at 3:00
p.m., New York City time, on the U.S.
Government Securities Business Day
immediately following such U.S. Government
Securities Business Day); and

"U.S. Government Securities Business Day" or
"USBD" means any day other than a Saturday,
a Sunday or a day on which the Securities
Industry and Financial Markets Association
("SIFMA") recommends that the fixed income
departments of its members be closed for the
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

entire day for purposes of trading in U.S.
Government Securities.

If the SOFR Reference Rate in respect of a U.S.
Government Securities Business Day cannot be
determined as specified in the SOFR Reference
Rate definition above, unless both a SOFR
Index Cessation Event and a SOFR Index
Cessation Effective Date (each, as defined
below) have occurred, the SOFR Reference
Rate for such U.S. Government Securities
Business Day shall be the SOFR Reference
Rate in respect of the last U.S. Government
Securities Business Day for which such rate
was published on the New York Fed's Website.

If the SOFR Reference Rate in respect of a U.S.
Government Securities Business Day cannot be
determined as specified in the SOFR Reference
Rate definition above, and both a SOFR Index
Cessation Event and a SOFR Index Cessation
Effective Date have occurred, the SOFR
Reference Rate for such U.S. Government
Securities Business Day shall be the rate
(inclusive of any spreads or adjustments) that
was recommended as the replacement for
SOFR by the Federal Reserve Board and/or the
Federal Reserve Bank of New York or by a
committee officially endorsed or convened by
the Federal Reserve Board and/or the Federal
Reserve Bank of New York for the purpose of
recommending a replacement for SOFR (which
rate may be produced by the Federal Reserve
Bank of New York or other designated
administrator) (the "SOFR Replacement Rate"),
provided that, if no SOFR Replacement Rate
has been recommended within one U.S.
Government Securities Business Day of the
SOFR Index Cessation Event, then the
Compounded Daily SOFR will be determined
as if, for each U.S. Government Securities
Business Day occurring on or after the SOFR
Index Cessation Effective Date:

6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

(i) references to SOFR were references to
the daily Overnight Bank Funding Rate
("OBFR") as provided by the Federal
Reserve Bank of New York, as the
administrator of such rate (or any
successor administrator of such rate), on
the New York Fed's Website on or about
5:00 p.m. (New York City time) on each
day on which commercial banks are open
for general business (including dealings
in foreign exchange and foreign currency
deposits) in New York City ("New York
City Banking Day") in respect of the
New York City Banking Day
immediately preceding such day ("OBFR
Reference Rate");

(ii) references to SOFR Reference Rate were
references to OBFR Reference Rate;

(iii) references to U.S. Government
Securities Business Day were references
to New York City Banking Day;

(iv) references to SOFR Index Cessation
Event were references to OBFR Index
Cessation Event (as defined below); and

(v) references to SOFR Index Cessation
Effective Date were references to OBFR
Index Cessation Effective Date (as
defined below);

and provided further that, if no such SOFR
Replacement Rate has been recommended
within one U.S. Government Securities
Business Day of the SOFR Index Cessation
Event and an OBFR Index Cessation Event has
occurred, then the Compounded Daily SOFR
will be determined as if, for each U.S.
Government Securities Business Day occurring
on or after the later of the SOFR Index
Cessation Effective Date and the OBFR Index
Cessation Effective Date, (x) references to the
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

SOFR Reference Rate were references to the
short-term interest rate target set by the Federal
Open Market Committee and published on the
website of the Board of Governors of the
Federal Reserve System currently at
http://www.federalreserve.gov, or any
successor website of the Board of Governors of
the Federal Reserve System (the "Federal
Reserve's Website") or, if the Federal Open
Market Committee does not target a single rate,
the mid-point of the short-term interest rate
target range set by the Federal Open Market
Committee and published on the Federal
Reserve's Website (calculated as the arithmetic
average of the upper bound of the target range
and the lower bound of the target range,
rounded, if necessary, to the nearest second
decimal place, 0.005 being rounded upwards),
(y) references to U.S. Government Securities
Business Day were references to New York
City Banking Day and (z) references to the
New York Fed's Website were references to the
Federal Reserve's Website.

In the event that the Rate of Interest cannot be
determined in accordance with the foregoing
provisions, the Rate of Interest shall be (i) that
determined at the last preceding Interest
Determination Date or (ii) if there is no such
preceding Interest Determination Date, the
initial Rate of Interest which would have been
applicable to the Notes for the scheduled first
Interest Period had the Notes been in issue for a
period equal in duration to the scheduled first
Interest Period but ending on, and excluding,
the Interest Commencement Date.

If the Notes become due and payable in
accordance with Condition 9, the final Interest
Determination Date shall, notwithstanding any
Interest Determination Date specified in this
section 13(e), be deemed to be the date on
which the Notes became due and payable and
the Rate of Interest on the Notes shall, for so
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

long as any such Notes remain outstanding, be
the Rate of Interest determined on such date.

"SOFR Index Cessation Event" means the
occurrence of one or more of the following
events:

(a) a public statement by the Federal Reserve
Bank of New York (or any successor
administrator of SOFR) announcing that
it has ceased or will cease to provide
SOFR permanently or indefinitely,
provided that, at that time, there is no
successor administrator that will continue
to provide SOFR; or

(b) the publication of information which
reasonably confirms that the Federal
Reserve Bank of New York (or any
successor administrator of SOFR) has
ceased or will cease to provide SOFR
permanently or indefinitely, provided
that, at that time, there is no successor
administrator that will continue to
provide SOFR; or

(c) a public statement by a U.S. regulator or
other U.S. official sector entity
prohibiting the use of SOFR that applies
to, but need not be limited to, all swap
transactions, including existing swap
transactions.

"SOFR Index Cessation Effective Date" means,
in respect of a SOFR Index Cessation Event,
the date on which the Federal Reserve Bank of
New York (or any successor administrator of
SOFR), ceases to publish SOFR, or the date as
of which SOFR may no longer be used.

"OBFR Index Cessation Event" means the
occurrence of one or more of the following
events:

9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2

(a) a public statement by the Federal Reserve
Bank of New York (or any successor
administrator of the OBFR) announcing
that it has ceased or will cease to provide
OBFR permanently or indefinitely,
provided that, at that time, there is no
successor administrator that will continue
to provide OBFR; or

(b) the publication of information which
reasonably confirms that the Federal
Reserve Bank of New York (or any
successor administrator of OBFR) has
ceased or will cease to provide OBFR
permanently or indefinitely, provided
that, at that time, there is no successor
administrator that will continue to publish
or provide OBFR; or

(c) a public statement by a U.S. regulator or
other U.S. official sector entity
prohibiting the use of OBFR that applies
to, but need not be limited to, all swap
transactions, including existing swap
transactions.

"OBFR Index Cessation Effective Date" means,
in respect of an OBFR Index Cessation Event,
the date on which the Federal Reserve Bank of
New York (or any successor administrator of
the OBFR), ceases to publish the OBFR, or the
date as of which the OBFR may no longer be
used.

(f)
Calculation Agent:
See "8. Identity of Calculation Agent"
under "Other Relevant Terms"
(g)
Interest Determination

Date:
The date five U.S. Government Securities
Business Days prior to the end of each Interest
Period.

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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 725
USD600,000,000 Floating Rate Notes due September 16, 2022

DC_LAN01:379180.2