Bond Interamerican Development Bank 0.994% ( XS2241840771 ) in AUD

Issuer Interamerican Development Bank
Market price refresh price now   100 %  ⇌ 
Country  United States
ISIN code  XS2241840771 ( in AUD )
Interest rate 0.994% per year ( payment 1 time a year)
Maturity 16/10/2030



Prospectus brochure of the bond Inter-American Development Bank (IDB) XS2241840771 en AUD 0.994%, maturity 16/10/2030


Minimal amount /
Total amount /
Next Coupon 16/10/2026 ( In 249 days )
Detailed description 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 Inter-American Development Bank (IDB) issued a 0.994% AUD-denominated bond (XS2241840771) maturing on October 16, 2030, currently trading at 100% of par value with annual coupon payments.







EXECUTION VERSION



PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 766


AUD 40,000,000 0.994 percent Notes due October 16, 2030 (the "Notes")


Issue Price: 100.00 percent.


No application has been made to list the Notes on any stock exchange.


Citigroup




The date of this Pricing Supplement is October 13, 2020.




PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3





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.:
766
2.
Aggregate Principal Amount:
AUD 40,000,000
3.
Issue Price:
AUD 40,000,000, which is 100.00 percent of
the Aggregate Principal Amount
4.
Issue Date:
October 16, 2020
5.
Form of Notes
Registered only
(Condition 1(a)):
6.
Authorized Denomination(s)
AUD 200,000 and integral multiples thereof
(Condition 1(b)):
7.
Specified Currency
Australian Dollar (AUD) being the lawful
(Condition 1(d)):
currency of the Commonwealth of Australia

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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3





8.
Specified Principal Payment
AUD
Currency
(Conditions 1(d) and 7(h)):
9.
Specified Interest Payment Currency AUD
(Conditions 1(d) and 7(h)):
10.
Maturity Date
October 16, 2030
(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
11.
Interest Basis
Fixed Interest Rate (Condition 5(I))
(Condition 5):
12.
Interest Commencement Date

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

(a)
Interest Rate:
0.994 percent per annum
(b)
Fixed Rate Interest Payment
Semi-annually in arrear on April 16 and
Date(s):
October 16 in each year, commencing on
April 16, 2021.
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:
Modified Following Business Day Convention
(d)
Fixed Rate Day Count
30/360
Fraction(s):
14.
Relevant Financial Center:
New York, London and Sydney
15.
Relevant Business Day:
New York, London and Sydney
16.
Issuer' Optional Redemption
No
(Condition 6(e)):
17.
Redemption at the Option of the
No
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3





Noteholders (Condition 6(f)):
18.
Governing Law:
New York
Other Relevant Terms
1.
Listing (if yes, specify Stock
None
Exchange):
2.
Details of Clearance System
Euroclear Bank SA/NV and/or Clearstream
Approved by the Bank and the
Banking, S.A.
Global Agent and Clearance and
Settlement Procedures:
3.
Syndicated:
No
4.
Commissions and Concessions:
No commissions or concessions are payable
in respect of the Notes.
5.
Codes:

(a)
Common Code:
224184077
(b)
ISIN:
XS2241840771
6.
Identity of Dealer(s)/Manager(s):
Citigroup Global Markets Limited
7.
Provisions for Registered Notes:

(a)
Individual Definitive
No
Registered Notes Available
on Issue Date:
(b)
DTC Global Note(s):
No

(c)
Other Registered Global
Yes, issued in accordance with the Amended
Notes:
and Restated Global Agency Agreement,
dated as of July 28, 2020, between the Bank,
Citibank, N.A., London Branch as Global
Agent, and the other parties thereto.
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3





8.
Intended to be held in a manner
Not Applicable
which would allow Eurosystem
eligibility:
9.
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 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.

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3





(c) Commonwealth of Australia
The Dealer is neither a bank nor an
authorized deposit-taking institution which is
authorized under the Banking Act 1959 of
Australia. The Dealer is engaged in
connection with the issuance of the Notes
solely for the purposes of transactions
outside Australia and with persons who are
not resident or located in Australia. The
Dealer represents and agrees that it:

· has not (directly or indirectly) offered
or invited applications, and will not
offer or invite applications, for the
issue, sale or purchase of the Notes in
Australia (including an offer or
invitation which is received by a
person in Australia); and
· has not distributed or published, and
will not distribute or publish, the
Prospectus or any other offering
material or advertisement (including
any Pricing Supplement) relating to
the Notes in Australia.

The Dealer has not provided, and will not
provide, any financial services (as defined in
the Corporations Act 2001 of Australia
("Corporations Act")) in, or into, Australia in
connection with the issuance of the Notes
and it has not engaged, and will not engage,
in any conduct intended to induce persons
who are resident or located in Australia to
use the financial services the Dealer
provides.

6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3






The Dealer acknowledges in relation to the
Global Debt Program and the issue of the
Notes that the Prospectus has not been, and
will not be, and no other prospectus or other
disclosure document (as defined in the
Corporations Act) in relation to the Global
Debt Program or any Notes has been or will
be, lodged with the Australian Securities and
Investments Commission or any other
Australian governmental agency.

(d) 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).
(e) 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.


7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030

SC1:5313294.3


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 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
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 manufacturer's target market assessment) and determining appropriate distribution
channels.
For the purposes of this provision, the expression "manufacturer" means the Dealer.
For the purposes of this provision, the expression MiFID II means Directive
2014/65/EU, as amended.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 766
AUD 40,000,000 0.994 percent Notes due October 16, 2030
SC1:5313294.3


Document Outline