Bond Interamerican Development Bank 5.1% ( XS2406749478 ) in IDR

Interamerican Development Bank

99.92 % ▲

United States

XS2406749478 ( in IDR )

5.1% per year ( payment 1 time a year)

16/11/2026

Prospectus brochure of the bond Inter-American Development Bank (IDB) XS2406749478 en IDR 5.1%, maturity 16/11/2026

17/11/2026 ( In 281 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 Inter-American Development Bank (IDB) issued a bond (ISIN: XS2406749478) denominated in Indonesian Rupiah (IDR), currently trading at 97.34% of par value, offering a 5.1% coupon rate with semi-annual payments and maturing on November 16, 2026.

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026 (the "Notes")
payable in United States Dollars
Issue Price: 101.625 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

TD Securities

The date of this Pricing Supplement is as of November 12, 2021
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

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.:
815
2.
Aggregate Principal Amount:
IDR 750,000,000,000
3.
Issue Price:
IDR 762,187,500,000 which amount
represents 101.625 percent of the Aggregate
Principal Amount.
The Issue Price will be payable in USD in
the amount of USD 53,132,624.61 at the
agreed rate of 14,345 IDR per one USD.

4.
Issue Date:
November 17, 2021
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 9(c) of "Other Relevant Terms"
below.
6.
New Global Note:
No
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

7.
Authorized Denomination(s)

(Condition 1(b)):
IDR 10,000,000 and integral multiples
thereof
8.
Specified Currency

(Condition 1(d)):
The lawful currency of the Republic of
Indonesia ("Indonesian Rupiah" or "IDR"),
provided that all payments in respect of the
Notes will be made in United States Dollars
("U.S.$" or "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): November 17, 2026
The Maturity Date is subject to the Business
Day Convention with no adjustment to the
amount of interest otherwise calculated.
12. Interest Basis

(Condition 5):
Fixed Interest Rate (Condition 5(I)), as
amended and supplemented below, shall
apply to the Notes.
13. Interest Commencement Date

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

(a) Calculation Amount (if different

than Principal Amount of the Note):
IDR 10,000,000

(b) Interest Rate:
5.100 percent per annum

(c) Fixed Rate Interest Payment

Date(s):
Annually on each November 17,
commencing on November 17, 2022 and
ending on, and including, the Maturity Date.

3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

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

(d) Business Day Convention:
Following Business Day Convention

(e) Fixed Rate Day Count

Fraction(s):
Actual/Actual ICMA

(f) Calculation of Interest Amount:
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 amount of interest payable (the
"Interest Amount") with respect to each
Calculation Amount on the relevant Interest
Payment Date.
The Interest Amount payable on any Interest
Payment Date shall be a USD amount
calculated on the relevant Rate Fixing Date
(as defined below) as follows:
5.100% multiplied by the Calculation
Amount

multiplied by

the Fixed Rate Day Count Fraction

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).

The "Reference Rate" means, in respect of a
Rate Fixing Date, the rate determined by the
Calculation Agent that is equal to the
USD/IDR weighted average spot rate in the
interbank market, based on traded USD/IDR
spot foreign exchange transactions during a
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

specified time period which are captured on
a real time basis, expressed as the amount of
IDR per one USD, for settlement in two
Fixing Business Days, as published by the
Bank Sentral Republik Indonesia ("Bank
Indonesia") as the "Jakarta Interbank Spot
Dollar Rate USD IDR", which appears on
Bank Indonesia's website (www.bi.go.id),
or as published on Refinitiv Screen JISDOR
Page (or any replacement page or
replacement service as may be implemented
for the purposes of displaying the USD/IDR
weighted average spot rate), or as otherwise
made available by Bank Indonesia (or its
successor as administrator), at
approximately 10:00 a.m., Jakarta time, on
the relevant Rate Fixing Date. Fallback
Provisions apply as set out below.

The "Rate Fixing Date" means the date that
is five (5) Fixing Business Days prior to the
applicable Fixed Rate Interest Payment Date
or Maturity Date, as the case may be. The
Rate Fixing Date shall be subject to
adjustment as follows: if the scheduled date
of the Rate Fixing Date is not a Relevant
Business Day, then the Rate Fixing Date
will be the first preceding day that is a
Relevant Business Day.
"Fixing Business Day" means a day (other
than a Saturday or a Sunday) on which
banks and foreign exchange markets are
open for business in Jakarta.

"Fallback Provisions": Should no
USD/IDR weighted average spot rate appear
on Bank Indonesia's website
(www.bi.go.id) as the "Jakarta Interbank
Spot Dollar Rate USD IDR", or on
Refinitiv Screen JISDOR Page (or on such
replacement page or replacement service as
described above), or be otherwise made
available by Bank Indonesia (or its
successor as administrator), on the Rate
Fixing Date, then the Reference Rate for
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

such Rate Fixing Date shall be determined
by the Calculation Agent by requesting
quotations for the mid USD/IDR spot
foreign exchange rate from five banks active
in the USD/IDR currency and foreign
exchange markets as selected by the
Calculation Agent (such banks, the
"Reference Banks") either (i) at or about
10:00 a.m. Jakarta time on the first day
(other than a Saturday or a Sunday)
following the Rate Fixing Date, if such day
is a Relevant Business Day or (ii) at or
about 10:00 a.m. Jakarta time on the Rate
Fixing Date, if the first day (other than a
Saturday or a Sunday) following the Rate
Fixing Date is not a Relevant Business Day.

If five or four quotations are provided by
Reference Banks as requested, the
Reference Rate shall be the arithmetic mean
(rounded to the nearest whole IDR, with
IDR 0.5 being rounded upwards) of the
remaining three or two such quotations
(expressed as the number of IDR per one
USD), as the case may be, after disregarding
the highest quotation and the lowest
quotation; provided, that if two or more
such quotations are the highest such
quotations, then only one of such quotations
shall be disregarded; and provided further,
that if two or more such quotations are the
lowest such quotations, then only one of
such lowest quotations shall be disregarded.
If only three or two quotations are provided
as requested, the Reference Rate shall be the
arithmetic mean (rounded to the nearest
whole IDR, with IDR 0.5 being rounded
upwards) of such quotations (expressed as
the number of IDR per one USD).
If only one or no quotations are provided as
requested, or if the Calculation Agent
determines in its sole discretion that no
suitable Reference Banks active in the
USD/IDR currency or foreign exchange
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

markets will provide quotations, the
Calculation Agent shall be entitled to
calculate the Reference Rate acting in good
faith in a commercially reasonable manner,
having taken into account relevant market
practice, by reference to such additional
sources as it deems appropriate; and in such
case the Calculation Agent shall notify the
Bank and the Global Agent as soon as
reasonably practicable that the Reference
Rate is to be so determined.

(g) Calculation Agent:
The Toronto-Dominion Bank, Toronto
In relation to the Rate Fixing Date, as soon
as is reasonably practicable after the
determination of the Reference Rate in
relation thereto, on the date on which the
relevant Reference Rate is to be determined
(or, if such date is not a Relevant Business
Day, then on the next succeeding Relevant
Business Day), the Calculation Agent shall
notify the Issuer and the Global Agent of the
Reference Rate, and the Interest Amount,
and the Redemption Amount or Early
Redemption Amount, as the case may be, in
relation thereto.
All determinations of the Calculation Agent
shall (in the absence of manifest error) be
final and binding on all parties (including,
but not limited to, the Bank and the
Noteholders) and shall be made in its sole
discretion in good faith and in a
commercially reasonable manner in
accordance with a calculation agent
agreement between the Bank and the
Calculation Agent.

(h) Notification:
If the Interest Amount payable on any Fixed
Rate Interest Payment Date or the
Redemption Amount, as the case may be, is
calculated in any manner other than by
utilizing the USD/IDR reference rate that
appears on Bank Indonesia's website
(www.bi.go.id), or on Refinitiv Screen
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

JISDOR Page (or on such replacement page
as described above), or as otherwise made
available by Bank Indonesia (or its
successor as administrator), the Global
Agent on behalf of the Bank shall give
notice as soon as reasonably practicable to
the Noteholders in accordance with
Condition 14 (Notices).
15. Relevant Financial Center:
New York, London and Jakarta
16. Relevant Business Day:
New York, London and Jakarta
17. Redemption Amount (Condition

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

Calculation Amount

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).
18. Issuer's Optional Redemption

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

Noteholders (Condition 6(f)):
No

8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

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 Redemption Amount
with respect to each Calculation Amount
will be a USD amount equal to the
Redemption Amount that is determined in
accordance with "17. Redemption Amount"
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 Fixing 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.
2.
Details of Clearance System

Approved by the Bank and the

Global Agent and Clearance and

Settlement Procedures:
Euroclear Bank SA/NV and Clearstream
Banking S.A.
3.
Syndicated:
No
4.
Commissions and Concessions:
1.875% of the Aggregate Principal Amount,
comprising a combined management and
underwriting commission of 0.25% and a
selling concession of 1.625%
9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2

EXECUTION VERSION

5.
Estimated Total Expenses:
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:
240674947

(b) ISIN:
XS2406749478
7.
Identity of Dealer:
The Toronto-Dominion Bank
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, as
amended from time to time, 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.

10
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 815
IDR 750,000,000,000 5.100 percent Notes due November 17, 2026

4882-8543-6162 v.2