Bond Interamerican Development Bank 8.3% ( XS2373172381 ) in BRL

Interamerican Development Bank

100 % ⇌

United States

XS2373172381 ( in BRL )

8.3% per year ( payment 1 time a year)

12/08/2031

Prospectus brochure of the bond Inter-American Development Bank (IDB) XS2373172381 en BRL 8.3%, maturity 12/08/2031

5 000 BRL

35 770 000 BRL

12/08/2026 ( In 184 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 BRL, with the ISIN code XS2373172381, pays a coupon of 8.3% per year.
The coupons are paid 1 time per year and the Bond maturity is 12/08/2031

EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031 (the "Notes")
Payable in United States Dollars
Issue Price: 100 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
UK Regulated Market
Citigroup
The date of this Pricing Supplement is August 9, 2021
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.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 ("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.:
805
2. Aggregate Principal Amount:
BRL 35,770,000
3. Issue Price:
BRL 35,770,000, which is 100 percent of the
Aggregate Principal Amount
The Issue Price will be payable in USD in the
amount of USD 7,041,338.58 at the agreed rate
of BRL 5.08 per one USD.
4. Issue Date:
August 12, 2021
5. Form of Notes

(Condition 1(a)):
Registered only
6. New Global Note:
No
7. Authorized Denomination(s)

(Condition 1(b)):
BRL 5,000
2

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

8. Specified Currency

(Condition 1(d)):
Brazilian Real ("BRL"), the lawful currency of
the Federative Republic of Brazil, provided
that all payments in respect of the Notes will
be made in United States Dollars ("USD")
9. Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
USD
10. Specified Interest Payment

Currency

(Conditions 1(d) and 7(h)):
USD
11. Maturity Date

(Condition 6(a); Fixed Interest

Rate and Zero Coupon):
August 12, 2031

The Maturity Date is subject to the Business
Day Convention with no adjustment to the
amount of interest otherwise calculated.
Further, the date of payment in respect of the
Maturity Date is subject to postponement if
any of the Applicable Disruption Fallbacks
apply, with no adjustment to the amount of
interest otherwise calculated.
12. Interest Basis

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

(Condition 5(III)):
Issue Date (August 12, 2021)
14. Fixed Interest Rate (Condition

5(I)):

(a) Interest Rate:
8.30 percent per annum

(b) Fixed Rate Interest

Payment Date(s):
Annually on August 12 in each year,
commencing on August 12, 2022 and ending

on the Maturity Date.

Each Fixed Rate Interest Payment Date is
subject to the Business Day Convention with
no adjustment to the amount of interest
3

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

otherwise calculated. Further, the date of
payment in respect of each Fixed Rate Interest
Payment Date is subject to postponement if
any of the Applicable Disruption Fallbacks
apply, with no adjustment to the amount of
interest otherwise calculated.
Calculation of Interest Amount:

For the purposes of the calculation of the
Interest Amount payable for any Interest
Period, there shall be no adjustment pursuant
to the Business Day Convention.
As soon as practicable and in accordance with
the procedure specified herein, the Calculation
Agent will determine the Reference Rate (as
defined below) and calculate the Interest
Amount with respect to each minimum
Authorized Denomination for the relevant
Interest Period.
The Interest Amount with respect to any
Interest Period shall be a USD amount
calculated using the Reference Rate
determined as of the relevant Rate Fixing Date
(as defined below) as follows:

BRL 415 per minimum Authorized
Denomination
divided by
the Reference Rate
(and rounding, if necessary, the entire
resulting figure to the nearest two decimal
places, with USD 0.005 being rounded
upwards).
"Brazil Business Day" means a day (other than
a Saturday or a Sunday) on which banks and
foreign exchange markets are open for
business in Rio de Janeiro, Brasilia and São
Paulo.
4

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

"PTAX Rate" means, in respect of a Rate
Fixing Date, the closing BRL/USD offered rate
for USD, expressed as the number of BRL per
one USD, as reported by Banco Central do
Brasil on its website (www.bcb.gov.br; see
"Cotações e boletins"), or any succeeding rate
source, by approximately 1:15 p.m. São Paulo
time on such Rate Fixing Date and as
published on Reuters Screen
"BRLUSDPTAX= CBBR" Page (or such other
page or services as may replace that page to be
used for the purpose of obtaining the reference
rate), provided that in the event of any
inconsistency between such rate on Banco
Central do Brasil's website and such rate on
Reuters Screen "BRLUSDPTAX= CBBR"
Page, the closing BRL/USD offered rate
published on Banco Central do Brasil's
website shall prevail.
"Rate Fixing Date" for any Interest Payment
Date or the Maturity Date or date on which an
amount is payable means the fifth Valuation
Business Day prior to such date.
"Reference Rate" means, in respect of a Rate
Fixing Date:
(a) the PTAX Rate; or
(b) in the event that the PTAX Rate is not
available or an Exchange Rate Divergence has
occurred on the relevant Rate Fixing Date, the
Calculation Agent shall determine that a "Price
Source Disruption" has occurred, and shall
promptly inform the Bank, the Noteholders
and the Global Agent of such occurrence. For
the purposes of obtaining a Reference Rate, the
Applicable Disruption Fallbacks will apply.
"Valuation Business Day" means a day on
which commercial banks are open for general
business (including dealing in foreign
exchange and foreign currency deposits) in Rio
de Janeiro, Brasilia, São Paulo and New York.
5

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

Applicable Disruption Fallbacks (in order of
application):
1. Valuation Postponement. For purposes of
obtaining a Reference Rate, the Reference Rate
will be determined on the Valuation Business
Day first succeeding the day on which the
Price Source Disruption ceases to exist, unless
the Price Source Disruption continues to exist
(measured from the date, that, but for the
occurrence of the Price Source Disruption,
would have been the Rate Fixing Date) for a
consecutive number of calendar days equal to
the Maximum Days of Postponement. In such
event, the Reference Rate will be determined
on the next Valuation Business Day after the
Maximum Days of Postponement in
accordance with the next Applicable
Disruption Fallback.
2. Calculation Agent Determination of the
Reference Rate. For purposes of obtaining a
Reference Rate, the Calculation Agent will
determine the Reference Rate (or a method for
determining the Reference Rate) in its sole
discretion, acting in good faith and in a
commercially reasonable manner.
Notwithstanding anything herein to the
contrary, in no event shall the total number of
consecutive calendar days during which either
(i) valuation is deferred due to an Unscheduled
Holiday, or (ii) a Valuation Postponement shall
occur (or any combination of (i) and (ii)),
exceed 30 consecutive calendar days in the
aggregate. Accordingly, (x) if, upon the lapse
of any such 30 day period, an Unscheduled
Holiday shall have occurred or be continuing
on the day following such period, then such
day shall be deemed to be a Rate Fixing Date,
and (y) if, upon the lapse of any such 30 day
period, a Price Source Disruption shall have
occurred or be continuing on the day following
such period, then the Valuation Postponement
shall not apply and the Reference Rate shall be
6

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

determined in accordance with the next
Applicable Disruption Fallback (i.e.,
Calculation Agent Determination of the
Reference Rate).
"EMTA BRL Exchange Rate Divergence
Procedures" means the EMTA BRL Exchange
Rate Divergence Procedures published by
EMTA on January 22, 2018 (as amended from
time to time).
"EMTA BRL Report Event" means that
EMTA (EMTA, Inc., formerly the Emerging
Markets Trading Association, Inc.) has
provided notice to the EMTA membership,
that, in the reasonable and independent
judgement, as notified to EMTA in accordance
with the EMTA BRL Exchange Rate
Divergence Procedures, of not less than 7
unaffiliated EMTA members that are
recognized market makers active in the
BRL/USD foreign exchange market (no less
than 4 of which shall be active participants in
the onshore BRL/USD spot market), the PTAX
Rate (following a split of the exchange rates in
Brazil or otherwise) no longer reflects the
then-prevailing BRL/USD spot rate for
standard-size wholesale financial transactions
involving the exchange of BRL for USD
delivered outside of Brazil.
"Exchange Rate Divergence" means that an
EMTA BRL Report Event has occurred with
respect to the PTAX Rate.
"Maximum Days of Postponement" means 30
calendar days.
"Unscheduled Holiday" means a day that is not
a Valuation Business Day and the market was
not aware of such fact (by means of a public
announcement or by reference to other
publicly available information) until a time
later than 9:00 a.m. local time in São Paulo
two Valuation Business Days prior to the
7

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

relevant Rate Fixing Date.

(c) Business Day Convention: Following Business Day Convention

(d) Fixed Rate Day Count

Fraction(s):
Actual/Actual (ICMA)

(e) Calculation Agent:
Citibank, N.A., New York
15. Relevant Financial Center:
Rio de Janeiro, Brasilia, São Paulo, London
and New York
16. Relevant Business Days:
Rio de Janeiro, Brasilia, São Paulo, London
and New York
17. Redemption Amount (Condition

6(a)):
The Redemption Amount with respect to each
minimum Authorized Denomination will be a
USD amount calculated by the Calculation
Agent as of the Rate Fixing Date with respect
to the Maturity Date as follows:

minimum Authorized Denomination

divided by

the Reference Rate

(and rounding, if necessary, the entire resulting
figure to the nearest 2 decimal places, with
USD 0.005 being rounded upwards).
Payment of the Redemption Amount will
occur on the Maturity Date, as may be
postponed pursuant to paragraph 11 above.
18. Issuer's Optional Redemption

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

Noteholders (Condition 6(f)):
No
20. Early Redemption Amount

(including accrued interest, if

applicable) (Condition 9):
In the event the Notes become due and payable
as provided in Condition 9 (Default), the Early
8

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

Redemption Amount with respect to each
minimum Authorized Denomination will be a
USD amount equal to the Redemption Amount
that is determined in accordance with "17.
Redemption Amount (Condition 6(a))" plus
accrued and unpaid interest, if any, as
determined in accordance with "14. Fixed
Interest Rate (Condition 5(I))"; provided, that
for purposes of such determination, the "Rate
Fixing Date" shall be the date that is five (5)
Valuation Business Days prior to the date upon
which the Notes become due and payable as
provided in Condition 9 (Default).

21. Governing Law:
New York
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 UK 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:
Euroclear Bank SA/NV and/or Clearstream
Banking, S.A.

3. Syndicated:
No
4. Commissions and Concessions:
USD 10,000
5. Estimated Total Expenses:
None. The Dealer has agreed to pay for all
material expenses related to the issuance of the
Notes, except the Bank will pay for the
London Stock Exchange listing fees.
6. Codes:

(a) Common Code:
237317238

(b) ISIN:
XS2373172381
9

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

7. Identity of Dealer:
Citigroup Global Markets Limited

8. Provision 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,
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
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 (a) it has
only communicated or caused to be
communicated and will only communicate or
cause to be communicated an invitation or
inducement to engage in investment activity
(within the meaning of Section 21 of the
Financial Services and Markets Act 2000 (the
"FSMA")) received by it in connection with
the issue or sale of the Notes in circumstances
in which Section 21(1) of the FSMA does not
apply to the Bank, and (b) it has complied and
will comply with all applicable provisions of
the FSMA with respect to anything done by it
in relation to such Notes in, from or otherwise
involving the UK.
10

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 805
BRL 35,770,000 8.30 percent Notes due August 12, 2031
4849-8810-9300 v.3

Document Outline

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