Bond Interamerican Development Bank 2.125% ( XS2473753841 ) in GBP

Interamerican Development Bank

100 % ▲

United States

XS2473753841 ( in GBP )

2.125% per year ( payment 1 time a year)

15/12/2028

Prospectus brochure of the bond Inter-American Development Bank (IDB) XS2473753841 en GBP 2.125%, maturity 15/12/2028

1 000 GBP

500 000 000 GBP

15/12/2026 ( In 309 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 GBP, with the ISIN code XS2473753841, pays a coupon of 2.125% per year.
The coupons are paid 1 time per year and the Bond maturity is 15/12/2028

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 829

GBP 500,000,000 2.125 percent Notes due December 15, 2028 (the "Notes")

Issue Price: 99.332 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

BofA Securities
Citigroup
Deutsche Bank
HSBC

The date of this Pricing Supplement is April 26, 2022.

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 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.
MiFID II and UK MiFIR product governance / Retail investors, professional investors
and ECPs target market See "General Information--Additional Information Regarding
the Notes--Matters relating to MiFID II and 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), these are the only terms that form part of the form of Notes
for such issue.

1.
Series No.:
829
2.
Aggregate Principal Amount:
GBP 500,000,000
3.
Issue Price:
GBP 496,660,000, which is 99.332 percent of
the Aggregate Principal Amount.
4.
Issue Date:
April 29, 2022
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
7.
Authorized Denomination(s)

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

(Condition 1(d)):
Pound sterling ("GBP") being the lawful
currency of the United Kingdom of Great
Britain and Northern Ireland
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

EXECUTION VERSION

9.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
GBP
10. Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
GBP
11. Maturity Date

(Condition 6(a); Fixed Interest Rate): December 15, 2028
12. Interest Basis

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

(Condition 5(III)) :
Issue Date (April 29, 2022)
14. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
2.125 percent per annum

(b)
Fixed Rate Interest Payment

Date(s):
Annually in arrear on December 15 in each
year, commencing on December 15, 2022,
up to and including the Maturity Date.

There will be a short first Interest Period
from and including the Issue Date to but
excluding December 15, 2022.

Each 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:
Following Business Day Convention

(d)
Initial Broken Amount:
GBP 13.39 per GBP 1,000 principal amount.

(e)
Fixed Rate Day Count

Fraction(s):
Actual/Actual (ICMA)

15. Relevant Financial Center:
London and New York
16. Relevant Business Days:
London and New York
17. Issuer's Optional Redemption

(Condition 6(e)):
No
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

EXECUTION VERSION

18. Redemption at the Option of the

Noteholders (Condition 6(f)):
No
19. 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 Clearstream
Banking S.A.
3.
Syndicated:
Yes
4.
If Syndicated:

(a) Liability:
Several and not joint

(b) Managers:
Citigroup Global Market Limited
Deutsche Bank AG, London Branch
HSBC Bank plc
Merrill Lynch International

5.
Commissions and Concessions:
No commissions or concessions are payable
in respect of the Notes.
6.
Estimated Total Expenses:
The Managers have 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.
7.
Codes:

(a)
Common Code:
247375384

(b)
ISIN:
XS2473753841
8.
Provisions for Registered Notes:

4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

EXECUTION VERSION

(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 July 28, 2020, among the Bank,
Citibank, N.A., 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:
Each of the Managers 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.

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

EXECUTION VERSION

(c)
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).

(d)
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.

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
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

EXECUTION VERSION

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 MiFID II and UK MiFIR
The Bank does not fall under the scope of application of either the MiFID II or the UK
MiFIR regime. Consequently, the Bank does not qualify as an "investment firm",
"manufacturer" or "distributor" for the purposes of MiFID II or UK MiFIR.

MiFID II product governance / Retail investors, professional investors and
ECPs target market Solely for the purposes of the EU 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 EU 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 EU manufacturer's target market assessment)
and determining appropriate distribution channels.
For the purposes of this provision, the expression "EU manufacturer" means
Deutsche Bank AG, London Branch, and the expression "MiFID II" means Directive
2014/65/EU, as amended.

UK MiFIR product governance / Retail investors, professional investors and
ECPs target market  Solely for the purposes of each 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
manufacturers' 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 manufacturers' target market
assessment) and determining appropriate distribution channels.

For the purposes of this provision, (i) the expression "UK manufacturers" means
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

EXECUTION VERSION
Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, HSBC Bank plc and
Merrill Lynch International, (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.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 829
GBP 500,000,000 2.125 percent Notes due December 15, 2028
4864-0414-5437 v.2

Document Outline

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