Bond Interamerican Development Bank 1.75% ( US4581X0DK13 ) in USD

Interamerican Development Bank

100 % ▲

United States

US4581X0DK13 ( in USD )

1.75% per year ( payment 2 times a year)

13/03/2025 - Bond has expired

Prospectus brochure of the bond Inter-American Development Bank (IDB) US4581X0DK13 in USD 1.75%, expired

1 000 USD

3 000 000 000 USD

4581X0DK1

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 US4581X0DK13, pays a coupon of 1.75% per year.
The coupons are paid 2 times per year and the Bond maturity is 13/03/2025

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 739

U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
Issue Price: 99.942 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

BofA Securities
BMO Capital Markets
Citigroup
TD Securities

Barclays
Deutsche Bank
Goldman Sachs International
HSBC
J.P. Morgan
Morgan Stanley
Natwest Markets
Nomura
RBC Capital Markets
Wells Fargo Securities

The date of this Pricing Supplement is January 14, 2020.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01:5122963.2

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 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. The master fiscal agency agreement,
dated as of December 7, 1962, as amended and supplemented from time to time, between
the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent, has
been superseded by the Uniform Fiscal Agency Agreement, dated as of July 20, 2006 (the
"New Fiscal Agency Agreement"), as may be amended, restated, superseded or otherwise
modified from time to time, between the Bank and the Federal Reserve Bank of New
York, as fiscal and paying agent. All references to the "Fiscal Agency Agreement" under
the heading "Terms and Conditions of the Notes" and elsewhere in the Prospectus shall
be deemed references to the New Fiscal Agency Agreement.
1.
Series No.:
739
2.
Aggregate Principal Amount:
U.S.$3,000,000,000
3.
Issue Price:
U.S.$2,998,260,000 which is 99.942
percent of the Aggregate Principal Amount
4.
Issue Date:
January 16, 2020
5.
Form of Notes

(Condition 1(a)):
Book-entry only (not exchangeable for
Definitive Fed Registered Notes, Conditions
1(a) and 2(b) notwithstanding)
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2

6.
Authorized Denomination(s)

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

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

Currency

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

(Condition 6(a); Fixed Interest
March 14, 2025
Rate):
11. Interest Basis

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

(Condition 5(III)):
Issue Date (January 16, 2020)
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
1.750 percent per annum

(b)
Fixed Rate Interest Payment
Semi-annually in arrear on March 14 and
Date(s):
September 14 in each year, commencing on
March 14, 2020
There will be a short first interest Period
from and including the Issue Date to but
excluding March 14, 2020
Each Interest Payment Date is subject to
adjustment in accordance with the
Following Business Day Convention with
no adjustment to the amount of interest
otherwise calculated.
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2

(c)
Initial Broken Amount:
U.S.$2.82 per minimum Authorized
Denomination, payable on March 14, 2020

(d)
Fixed Rate Day Count
30/360
Fraction(s):
14. Relevant Financial Center:
New York
15. Relevant Business Days:
New York
16. Issuer's Optional Redemption

(Condition 6(e)):
No
17. Redemption at the Option of the

Noteholders (Condition 6(f)):
No
18. Governing Law:
New York
19. Selling Restrictions:
Under the provisions of Section 11(a) of the
Inter-American Development Bank Act, the
(a)
United States:
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 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
United Kingdom.
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2

(c)
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.
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
Regulated Market

2.
Details of Clearance System
Approved by the Bank and the
Federal Reserve Bank of New York;
Global Agent and Clearance and
Euroclear Bank SA/NV; Clearstream
Settlement Procedures:
Banking S.A.
3.
Syndicated:
Yes
4.
If Syndicated:

(a)
Liability:
Several and not joint

(b)
Joint Lead Managers:
BMO Capital Markets Corp.
Citigroup Global Markets Limited
Merrill Lynch International
The Toronto-Dominion Bank

5.
Commissions and Concessions:
0.125 percent of the Aggregate Principal
Amount
6.
Estimated Total Expenses:
None. The Joint Lead Managers have
agreed to pay for certain expenses related to
the issuance of the Notes.
7.
Codes:

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2

(a)
Common Code:
210345027

(b)
ISIN:
US4581X0DK13

(c)
CUSIP:
4581X0DK1
8.
Identity of Managers:
BMO Capital Markets Corp
Citigroup Global Markets Limited
Merrill Lynch International
The Toronto-Dominion Bank

Barclays Bank PLC
Deutsche Bank AG, London Branch
Goldman Sachs International
HSBC Bank plc
J.P. Morgan Securities plc
Morgan Stanley & Co. International plc
Natwest Markets Plc
Nomura International plc
RBC Capital Markets, LLC
Wells Fargo Securities, LLC

General Information
Additional Information Regarding the Notes
1. 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.
MiFID II product governance / Retail investors, professional investors and
ECPs target market Solely for the purposes of the manufacturers' 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.
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2

For the purposes of this provision, the expression MiFID II means Directive
2014/65/EU, as amended.
2. United States Federal Income Tax Matters
The following supplements the discussion under the "Tax Matters" section of the
Prospectus regarding the United States federal income tax treatment of the Notes, and is
subject to the limitations and exceptions set forth therein. Any tax disclosure in the
Prospectus or this pricing supplement is of a general nature only, is not exhaustive of all
possible tax considerations and is not intended to be, and should not be construed to be,
legal, business or tax advice to any particular prospective investor. Each prospective
investor should consult its own tax advisor as to the particular tax consequences to it of
the acquisition, ownership, and disposition of the Notes, including the effects of
applicable United States federal, state, and local tax laws, non-U.S. tax laws and possible
changes in tax laws.
Upon a sale or retirement of the Notes, a United States holder will generally
recognize capital gain or loss equal to the difference, if any, between (i) the amount
realized on the sale or retirement (other than amounts attributable to accrued but unpaid
interest, which would be treated as such) and (ii) the United States holder's adjusted tax
basis in the Notes. A United States holder's adjusted tax basis in the Notes generally will
equal the cost of the Notes to the United States holder. Capital gain of individual
taxpayers from the sale or retirement of Notes held for more than one year may be
eligible for reduced rates of taxation. The deductibility of a capital loss is subject to
significant limitations.
Due to a change in law since the date of the Prospectus, the second paragraph of
"--Payments of Interest" under the "United States Holders" section should be updated to
read as follows: "Interest paid by the Bank on the Notes constitutes income from sources
outside the United States and will generally be "passive" income for purposes of
computing the foreign tax credit."
Information with Respect to Foreign Financial Assets. Owners of "specified
foreign financial assets" with an aggregate value in excess of U.S.$50,000 (and in some
circumstances, a higher threshold) may be required to file an information report with
respect to such assets with their tax returns. "Specified foreign financial assets" may
include financial accounts maintained by foreign financial institutions, as well as the
following, but only if they are held for investment and not held in accounts maintained by
financial institutions: (i) stocks and securities issued by non-United States persons, (ii)
financial instruments and contracts that have non-United States issuers or counterparties,
and (iii) interests in foreign entities. Holders are urged to consult their tax advisors
regarding the application of this reporting requirement to their ownership of the Notes.
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2

Medicare Tax. A United States holder that is an individual or estate, or a trust that
does not fall into a special class of trusts that is exempt from such tax, is subject to a
3.8% tax (the "Medicare tax") on the lesser of (1) the United States holder's "net
investment income" (or "undistributed net investment income" in the case of an estate or
trust) for the relevant taxable year and (2) the excess of the United States holder's
modified adjusted gross income for the taxable year over a certain threshold (which in the
case of individuals is between U.S.$125,000 and U.S.$250,000, depending on the
individual's circumstances). A holder's net investment income will generally include its
interest income and its net gains from the disposition of Notes, unless such interest
income or net gains are derived in the ordinary course of the conduct of a trade or
business (other than a trade or business that consists of certain passive or trading
activities). United States holders that are individuals, estates or trusts are urged to consult
their tax advisors regarding the applicability of the Medicare tax to their income and
gains in respect of their investment in the Notes.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 739
U.S.$3,000,000,000 1.750 percent Notes due March 14, 2025
DC_LAN01: 5122963.2