Obbligazione Interamerican Development Bank 0.409% ( US4581X0DW50 ) in USD

Emittente Interamerican Development Bank
Prezzo di mercato refresh price now   100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US4581X0DW50 ( in USD )
Tasso d'interesse 0.409% per anno ( pagato 4 volte l'anno)
Scadenza 09/06/2031



Prospetto opuscolo dell'obbligazione Inter-American Development Bank (IDB) US4581X0DW50 en USD 0.409%, scadenza 09/06/2031


Importo minimo /
Importo totale /
Cusip 4581X0DW5
Coupon successivo 10/03/2026 ( In 28 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 US4581X0DW50, codice CUSIP 4581X0DW5, emessa negli Stati Uniti, quota al 100% in USD, offre un tasso di interesse dello 0.409% con scadenza il 09/06/2031 e frequenza di pagamento quadrimestrale.







EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031 (the "Notes")
Issue Price: 100.00 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
BMO Capital Markets
Wells Fargo Securities
The date of this Pricing Supplement is June 8, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031
4820-8410-2381 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.
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.:
799
2.
Aggregate Principal Amount:
USD600,000,000
3.
Issue Price:
USD600,000,000 which is 100.00 percent of the
Aggregate Principal Amount
4.
Issue Date:
June 10, 2021
5.
Form of Notes

(Condition 1(a)):
Book-entry only
6.
Authorized Denomination(s)

(Condition 1(b)):
USD1,000 and integral multiples thereof
7.
Specified Currency

(Condition 1(d)):
United States Dollars (USD) being the lawful
currency of the United States of America
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
USD
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


9.
Specified Interest Payment

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

(Condition 6(a); Fixed Interest

Rate):
June 10, 2031
11.
Interest Basis

(Condition 5):
Floating Interest Rate (Condition 5(II))
12.
Interest Commencement Date

(Condition 5(III)) :
Issue Date (June 10, 2021)
13.
Floating Rate (Condition 5(II)):

(a)
Calculation Amount (if
different than Principal
Amount of the Note):
Not Applicable
(b)
Business Day
Following Business Day Convention
Convention:

Specified Interest
The period beginning on, and including, the
Period:
Interest Commencement Date (the Issue Date) to,
but excluding, the first Interest Payment Date and
each successive period beginning on, and
including, an Interest Payment Date to, but
excluding, the next succeeding Interest Payment
Date, in each case, as adjusted in accordance with
the relevant Business Day Convention.
(d) Interest Payment Date:
Quarterly in arrear on March 10, June 10,
September 10 and December 10 in each year,
commencing on September 10, 2021, up to and
including the Maturity Date.
Each Interest Payment Date is subject to
adjustment in accordance with the Business Day
Convention.

Interest Period Date:
Each Interest Payment Date
(f)
Reference Rate:
Subject to the Compounded SOFR Fallback
Provisions below, for any Interest Period,
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


"Compounded SOFR" will be calculated by the
Calculation Agent on each Interest Determination
Date as follows and the resulting percentage will
be rounded, if necessary, to the fourth decimal
place of a percentage point, 0.00005 being
rounded upwards:

where:
"Observation Period" means, in respect of each
Interest Period, the period from, and including,
the date which is five U.S. Government Securities
Business Days preceding the first date of such
Interest Period to, but excluding, the date which
is five U.S. Government Securities Business Days
preceding the Interest Payment Date for such
Interest Period (or in the final Interest Period, the
Maturity Date).
"SOFR IndexStart" means the SOFR Index value
on the day which is five U.S. Government
Securities Business Days preceding the first date
of the relevant Interest Period.
"SOFR IndexEnd" means the SOFR Index value
on the day which is five U.S. Government
Securities Business Days preceding the Interest
Payment Date relating to such Interest Period (or
in the final Interest Period, the Maturity Date).
"dc" means the number of calendar days in the
Observation Period relating to such Interest
Period.
"SOFR Administrator" means the Federal
Reserve Bank of New York ("NY Fed") as
administrator of the secured overnight financing
rate ("SOFR") (or a successor administrator of
SOFR)
"SOFR Index" in relation to any U.S.
Government Securities Business Day shall be the
value published by the SOFR Administrator on its
website (on or about 3:00 p.m. (New York Time)
on such U.S. Government Securities Business
Day (the "SOFR Index Determination Time").
Currently, the SOFR Administrator publishes the
SOFR Index on its website at
https://apps.newyorkfed.org/markets/autorates/sof
r-avg-ind. In the event that the value originally
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


published by the SOFR Administrator on or about
3:00 p.m. (New York Time) on any U.S.
Government Securities Business Day is
subsequently corrected and such corrected value
is published by the SOFR Administrator on the
original date of publication, then such corrected
value, instead of the value that was originally
published, shall be deemed the SOFR Index as of
the SOFR Index Determination Time in relation
to such U.S. Government Securities Business
Day.
Compounded SOFR Fallback Provisions:
SOFR Index Unavailable:
If a SOFR IndexStart or SOFR IndexEnd is not
published on the associated Interest
Determination Date and a Benchmark Transition
Event and its related Benchmark Replacement
Date have not occurred with respect to SOFR
Index or SOFR, "Compounded SOFR" means,
for the applicable Interest Period for which such
index is not available, the rate of return on a daily
compounded interest investment calculated by the
Calculation Agent in accordance with the formula
for SOFR Averages, and definitions required for
such formula, published on the SOFR
Administrator's website at
https://www.newyorkfed.org/markets/treasury-
repo-reference-rates-information. For the
purposes of this provision, references in the
SOFR Averages compounding formula and
related definitions to "calculation period" shall be
replaced with "Observation Period" and the
words "that is, 30-, 90-, or 180- calendar days"
shall be removed. If the daily SOFR ("SOFRi")
does not so appear for any day, "i" in the
Observation Period, SOFRi for such day "i" shall
be SOFR published in respect of the first
preceding U.S. Government Securities Business
Day for which SOFR was published on the SOFR
Administrator's website.
Effect of a Benchmark Transition Event:
If the Issuer determines on or prior to the relevant
Reference Time that a Benchmark Transition
Event and its related Benchmark Replacement
Date have occurred with respect to the then-
current Benchmark, the Benchmark Replacement
will replace the then-current Benchmark for all
purposes relating to the Notes in respect of all
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


determinations on such date and for all
determinations on all subsequent dates.
In connection with the implementation of a
Benchmark Replacement, the Issuer will have the
right to make
Benchmark Replacement
Conforming Changes from time to time.
Any determination, decision or election that may
be made by the Issuer pursuant to this section,
including any determination with respect to a
tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date
and any decision to take or refrain from taking
any action or any selection:
(1) will be conclusive and binding absent
manifest error;
(2) will be made in the sole discretion of the
Issuer; and
(3) notwithstanding anything to the contrary
in the documentation relating to the Notes
described herein, shall become effective
without consent from the holders of the Notes
or any other party.
"Benchmark" means, initially, SOFR Index;
provided that if the Issuer determines on or prior
to the Reference Time that a Benchmark
Transition Event and its related Benchmark
Replacement Date have occurred with respect to
SOFR Index (or the published daily SOFR used
in the calculation thereof) then "Benchmark"
means the applicable Benchmark Replacement
for the SOFR Index; and provided further that if
the Issuer determines on or prior to the Reference
Time that a Benchmark Transition Event and its
related Benchmark Replacement Date have
occurred with respect to the then-current
Benchmark (or the daily published component
used in the calculation thereof), then
"Benchmark" means the applicable Benchmark
Replacement for the then-current Benchmark.
"Benchmark Replacement" means the first
alternative set forth in the order below that can be
determined by the Issuer as of the Benchmark
Replacement Date.
(1) the sum of: (a) the alternate rate of interest
that has been selected or recommended by the
Relevant Governmental Body as the
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


replacement for the then-current Benchmark
and (b) the Benchmark Replacement
Adjustment;
(2) the sum of: (a) the ISDA Fallback Rate
and (b) the Benchmark Replacement
Adjustment; or
(3) the sum of: (a) the alternate rate of interest
that has been selected by the Issuer as the
replacement for the then-current Benchmark
giving due consideration to any industry-
accepted rate of interest as a replacement for
the then-current Benchmark for U.S. dollar-
denominated floating rate notes at such time
and (b) the Benchmark Replacement
Adjustment;
Provided that, if a Benchmark Replacement Date
has occurred with regard to the daily published
component used in the calculation of a
Benchmark, but not with regard to the
Benchmark itself, "Benchmark Replacement"
means the references to the alternatives
determined in accordance with clauses (1), (2) or
(3) above for such daily published components.
"Benchmark Replacement Adjustment" means
the first alternative set forth in the order below
that can be determined by the Issuer as of the
Benchmark Replacement Date:
(1) the spread adjustment, or method for
calculating or determining such spread
adjustment, (which may be a positive or
negative value or zero) that has been selected
or recommended by the Relevant
Governmental Body for the applicable
Unadjusted Benchmark Replacement;
(2) if the applicable Unadjusted Benchmark
Replacement is equivalent to the ISDA
Fallback Rate, the ISDA Fallback
Adjustment; or
(3) the spread adjustment (which may be a
positive or negative value or zero) that has
been selected by the Issuer giving due
consideration to any industry-accepted spread
adjustment, or method for calculating or
determining such spread adjustment, for the
replacement of the then-current Benchmark
(or the daily published component used in the
calculation thereof) with the applicable
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


Unadjusted Benchmark Replacement for U.S.
dollar-denominated floating rate notes at such
time.
"Benchmark Replacement Conforming
Changes" means, with respect to any Benchmark
Replacement, any technical, administrative or
operational changes (including changes to the
timing and frequency of determining rates and
making payments of interest, rounding of
amounts or tenors, and other administrative
matters) that the Issuer decides may be
appropriate to reflect the adoption of such
Benchmark Replacement in a manner
substantially consistent with market practice (or,
if the Issuer decides that adoption of any portion
of such market practice is not administratively
feasible or if the Issuer determines that no market
practice for use of the Benchmark Replacement
exists, in such other manner as the Issuer
determines is reasonably necessary); provided
that, for the avoidance of doubt, if a Benchmark
Replacement Date has occurred with regard to the
daily published component used in the calculation
of a Benchmark, but not with regard to the
Benchmark itself, "Benchmark Replacement
Conforming Changes" shall also mean that the
Issuer may calculate the Benchmark Replacement
for such Benchmark in accordance with the
formula for and method of calculating such
Benchmark last in effect prior to Benchmark
Replacement Date affecting such component,
substituting the affected component with the
relevant Benchmark Replacement for such
component.
"Benchmark Replacement Date" means the
earliest to occur of the following events with
respect to the then-current Benchmark (or the
daily published component used in the calculation
thereof):
(1) in the case of clause (1) or (2) of the
definition of "Benchmark Transition Event,"
the later of (a) the date of the public statement
or publication of information referenced
therein and (b) the date on which the
administrator of the Benchmark permanently
or indefinitely ceases to provide the
Benchmark (or such component); or
(2) in the case of clause (3) of the definition
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


of "Benchmark Transition Event," the later of
(x) the date of the public statement or
publication of information referenced therein
and (y) the first date on which such
Benchmark (or such component) is no longer
representative per such statement or
publication.
For the avoidance of doubt, if the event that gives
rise to the Benchmark Replacement Date occurs
on the same day as, but earlier than, the
Reference Time in respect of any determination,
the Benchmark Replacement Date will be deemed
to have occurred prior to the Reference Time for
such determination.
"Benchmark Transition Event" means the
occurrence of one or more of the following events
with respect to the then-current Benchmark (or
the daily published component used in the
calculation thereof):
(1) a public statement or publication of
information by or on behalf of the
administrator of the Benchmark (or such
component) announcing that such
administrator has ceased or will cease to
provide the Benchmark (or such component),
permanently or indefinitely, provided that, at
the time of such statement or publication,
there is no successor administrator that will
continue to provide the Benchmark (or such
component); or
(2) a public statement or publication of
information by the regulatory supervisor for
the administrator of the Benchmark (or such
component), the central bank for the currency
of the Benchmark (or such component), an
insolvency official with jurisdiction over the
administrator for the Benchmark (or such
component), a resolution authority with
jurisdiction over the administrator for the
Benchmark (or such component) or a court or
an entity with similar insolvency or resolution
authority over the administrator for the
Benchmark, which states that the
administrator of the Benchmark (or such
component) has ceased or will cease to
provide the Benchmark (or such component)
permanently or indefinitely, provided that, at
the time of such statement or publication,
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2


there is no successor administrator that will
continue to provide the Benchmark (or such
component); or
(3) a public statement or publication of
information by the regulatory supervisor for
the administrator of the Benchmark
announcing (A) that such Benchmark (or its
component) is no longer, or as of a specified
future date will no longer be, capable of being
representative, or is non-representative, of the
underlying market and economic reality that
such Benchmark (or its component) is
intended to measure as required by applicable
law or regulation and as determined by the
regulatory supervisor in accordance with
applicable law or regulation and (B) that the
intention of that statement or publication is to
engage contractual triggers for fallbacks
activated by pre-cessation announcements by
such supervisor (howsoever described) in
contracts.
"ISDA Definitions" means the 2006 ISDA
Definitions published by the International Swaps
and Derivatives Association, Inc. or any
successor thereto, as amended or supplemented
from time to time, or any successor definitional
booklet for interest rate derivatives published
from time to time.
"ISDA Fallback Adjustment" means the spread
adjustment (which may be a positive or negative
value or zero) that would apply for derivatives
transactions referencing the ISDA Definitions to
be determined upon the occurrence of an index
cessation event with respect to the Benchmark (or
the daily published component used in the
calculation thereof).
"ISDA Fallback Rate" means the rate that would
apply for derivatives transactions referencing the
ISDA Definitions to be effective upon the
occurrence of an index cessation date with respect
to the Benchmark (or the daily published
component used in the calculation thereof) for the
applicable tenor excluding the applicable ISDA
Fallback Adjustment.
"Reference Time" with respect to any
determination of the Benchmark (or the daily
published component used in the calculation
thereof) means (1) if the Benchmark is SOFR
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 799
USD600,000,000 Floating Rate Notes due June 10, 2031

4820-8410-2381 v.2