Bond Interamerican Development Bank 1.505% ( XS2306399812 ) in AUD

Interamerican Development Bank

100 % ⇌

United States

XS2306399812 ( in AUD )

1.505% per year ( payment 1 time a year)

05/03/2031

Prospectus brochure of the bond Inter-American Development Bank (IDB) XS2306399812 en AUD 1.505%, maturity 05/03/2031

1 000 000 AUD

130 000 000 AUD

05/03/2026 ( In 23 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 AUD, with the ISIN code XS2306399812, pays a coupon of 1.505% per year.
The coupons are paid 1 time per year and the Bond maturity is 05/03/2031

EXECUTION VERSION

PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 782

AUD 130,000,000 1.505 percent Notes due March 5, 2031 (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 March 2, 2021.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 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.

UK MiFIR product governance / Retail investors, professional investors and ECPs target
market See "General Information--Additional Information Regarding the Notes--Matters
relating to 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), which are expressly incorporated hereto, these are
the only terms that form part of the form of Notes for such issue.
1.
Series No.:
782
2.
Aggregate Principal Amount:
AUD 130,000,000
3.
Issue Price:
AUD 130,000,000, which is 100.00 percent of
the Aggregate Principal Amount
4.
Issue Date:
March 5, 2021
5.
Form of Notes

(Condition 1(a)):
Registered only
6.
Authorized Denomination(s)

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

(Condition 1(d)):
Australian Dollar (AUD) being the lawful
currency of the Commonwealth of Australia

2

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
AUD
9.
Specified Interest Payment

Currency

(Conditions 1(d) and 7(h)):
AUD
10.
Maturity Date

(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
March 5, 2031
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:
1.505 percent per annum
(b)
Fixed Rate Interest

Payment Date(s):
Semi-annually in arrear on March 5 and
September 5 in each year, commencing on
September 5, 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:
Modified Following Business Day Convention
(d)
Fixed Rate Day Count

Fraction(s):
30/360
14.
Relevant Financial Center:
New York, London and Sydney
15.
Relevant Business Day:
New York, London and Sydney
16.
Issuer' Optional Redemption
No
3

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

(Condition 6(e)):
17.
Redemption at the Option of the

Noteholders (Condition 6(f)):
No
18.
Governing Law:
New York
Other Relevant Terms
1.
Listing (if yes, specify Stock

Exchange):
None
2.
Details of Clearance System

Approved by the Bank and the

Global Agent and Clearance and

Settlement Procedures:
Euroclear Bank SA/NV and/or Clearstream
Banking, S.A.

3.
Syndicated:
No
4.
Commissions and Concessions:
No commissions or concessions are payable
in respect of the Notes. An affiliate of the
Dealer has arranged a swap with the Bank
in connection with this transaction and will
receive amounts thereunder that may
comprise compensation.

5.
Estimated Total Expense:
The Dealer has 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.

6.
Codes:

(a)
Common Code:
230639981
(b)
ISIN:
XS2306399812
7.
Identity of Dealer(s)/Manager(s):
Citigroup Global Markets Limited
8.
Provisions for Registered Notes:

4

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

(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,
Citibank, N.A., London Branch 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:
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.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

(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.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

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.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

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 UK MiFIR
The Bank does not fall under the scope of application of the UK MiFIR regime.
Consequently, the Bank does not qualify as an "investment firm", "manufacturer" or
"distributor" for the purposes of UK MiFIR
UK MiFIR product governance / Retail investors, professional investors and
ECPs target market Solely for the purposes of the 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
manufacturer's 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 (by either adopting or refining the UK manufacturer's target market
assessment) and determining appropriate distribution channels.
8

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031

4847-4561-5070 v.2

For the purposes of this provision, (i) the expression "UK manufacturer" means the
Dealer, (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.
.
9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 782
AUD 130,000,000 1.505 percent Notes due March 5, 2031
4847-4561-5070 v.2

Document Outline

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