Obbligazione Interamerican Development Bank 0.875% ( US4581X0DV77 ) in USD

Emittente Interamerican Development Bank
Prezzo di mercato refresh price now   99.38 USD  ▲ 
Paese  Stati Uniti
Codice isin  US4581X0DV77 ( in USD )
Tasso d'interesse 0.875% per anno ( pagato 2 volte l'anno)
Scadenza 19/04/2026



Prospetto opuscolo dell'obbligazione Inter-American Development Bank (IDB) US4581X0DV77 en USD 0.875%, scadenza 19/04/2026


Importo minimo /
Importo totale /
Cusip 4581X0DV7
Coupon successivo 20/04/2026 ( In 69 giorni )
Descrizione dettagliata La Banca Interamericana di Sviluppo (BID) è un'istituzione finanziaria internazionale che fornisce prestiti e assistenza tecnica ai paesi dell'America Latina e dei Caraibi per promuovere lo sviluppo economico e sociale.

L'obbligazione Inter-American Development Bank (IDB) con codice ISIN US4581X0DV77, codice CUSIP 4581X0DV7, emessa negli Stati Uniti, presenta un prezzo di mercato attuale del 95,96% del valore nominale, un tasso di interesse dello 0,875%, scadenza il 19/04/2026 e frequenza di pagamento semestrale, denominata in USD.







EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026 (the "Notes")
Issue Price: 99.542 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
BNP Paribas
Goldman Sachs International
J.P. Morgan
Morgan Stanley
Barclays
BMO Capital Markets
BofA Securities
Commonwealth Bank of Australia
CIBC Capital Markets
Deutsche Bank
HSBC
Nomura
TD Securities
Wells Fargo Securities
The date of this Pricing Supplement is April 16, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026
4833-7654-4741 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.:
794
2.
Aggregate Principal Amount:
U.S.$4,250,000,000
3.
Issue Price:
U.S.$4,230,535,000 which is 99.542 percent of
the Aggregate Principal Amount

4.
Issue Date:
April 20, 2021
5.
Form of Notes

(Condition 1(a)):
Book-entry only (not exchangeable for
Definitive Fed Registered Notes, Conditions 1(a)
and 2(b) notwithstanding)

6.
Authorized Denomination(s)

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

(Condition 1(d)):
United States Dollars (U.S.$) being the lawful
currency of the United States of America
2

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026

4833-7654-4741 v.2


8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
U.S.$
9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
U.S.$
10. Maturity Date

(Condition 6(a); Fixed Interest Rate

and Zero Coupon):
April 20, 2026
11. Interest Basis

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

(Condition 5(III)):
Issue Date (April 20, 2021)
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
0.875 percent per annum

(b)
Fixed Rate Interest Payment
Semi-annually in arrear on April 20 and October
Date(s):
20 in each year, commencing on October 20,
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:
Following Business Day Convention

(d)
Fixed Rate Day Count

Fraction(s):
30/360
14. Relevant Financial Center:
New York
15. Relevant Business Day:
New York
16. Issuer's Optional Redemption

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

Noteholders (Condition 6(f)):
No
3

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026

4833-7654-4741 v.2


18. 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:
Federal Reserve Bank of New York; Euroclear
Bank SA/NV; Clearstream Banking S.A.

3.
Syndicated:
Yes
4.
If Syndicated:


(a)
Liability:
Several

(b)
Lead Managers:
BNP Paribas
Goldman Sachs International
J.P. Morgan Securities plc
Morgan Stanley & Co. International plc

5.
Commissions and Concessions:
0.125 percent of the Aggregate Principal
Amount

6.
Estimated Total Expenses:
None. The Joint Lead 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:
233287822

(b)
ISIN:
US4581X0DV77

(c)
CUSIP:
4581X0DV7
4

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026

4833-7654-4741 v.2


8.
Identity of Managers:
BNP Paribas
Goldman Sachs International
J.P. Morgan Securities plc
Morgan Stanley & Co. International plc

Barclays Bank PLC
BMO Capital Markets Corp.
Merrill Lynch International
Commonwealth Bank of Australia
CIBC World Markets Corp.
Deutsche Bank AG, London Branch
HSBC Bank plc
Nomura International plc
The Toronto-Dominion Bank
Wells Fargo Securities, LLC

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:
Each of the Managers 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 UK.
5

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026

4833-7654-4741 v.2


(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.
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 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)
6

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026

4833-7654-4741 v.2


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 BNP
Paribas, Goldman Sachs International, J.P. Morgan Securities plc and Morgan Stanley & Co.
International plc, (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.
For the purposes of this provision, the expression UK MiFIR means Regulation (EU)
No 600/2014 as it forms part of UK domestic law by virtue of the EUWA.
INTER-AMERICAN DEVELOPMENT BANK
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 794
U.S.$4,250,000,000 0.875 percent Notes due April 20, 2026
4833-7654-4741 v.2


Document Outline