Obbligazione Interamerican Development Bank 2.25% ( US4581X0DZ81 ) in USD

Emittente Interamerican Development Bank
Prezzo di mercato 99.38 USD  ▼ 
Paese  Stati Uniti
Codice isin  US4581X0DZ81 ( in USD )
Tasso d'interesse 2.25% per anno ( pagato 2 volte l'anno)
Scadenza 22/09/2024 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione Inter-American Development Bank (IDB) US4581X0DZ81 in USD 2.25%, scaduta


Importo minimo /
Importo totale /
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.

The Obbligazione issued by Interamerican Development Bank ( United States ) , in USD, with the ISIN code US4581X0DZ81, pays a coupon of 2.25% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 22/09/2024







EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024 (the "Notes")
Issue Price: 99.926 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
HSBC
J.P. Morgan
TD Securities
Barclays
BMO Capital Markets
Citigroup
Deutsche Bank
Goldman Sachs International
Morgan Stanley
Nomura
RBC Capital Markets
Scotiabank
The date of this Pricing Supplement is September 21, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024
4850-1269-9131 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.
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), which are expressly incorporated hereto, these are the only
terms that form part of the form of Notes for such issue.
1. Series No.:
811
2. Aggregate Principal Amount:
U.S.$3,500,000,000
3. Issue Price:
U.S.$3,497,410,000 which is 99.926 percent of
the Aggregate Principal Amount
4. Issue Date:
September 23, 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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024

4850-1269-9131 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):
September 23, 2024
11. Interest Basis

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

(Condition 5(III)):
Issue Date (September 23, 2021)
13. Fixed Interest Rate (Condition 5(I)):

(a)
Interest Rate:
0.500 percent per annum

(b)
Fixed Rate Interest Payment

Date(s):
Semi-annually in arrear on March 23 and
September 23 in each year, commencing on
March 23, 2022.

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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024

4850-1269-9131 v.2


18. Governing Law:
New York
Other Relevant Terms
1.
Listing:
Application has been made for the Notes to be
admittesd 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:
HSBC Bank plc
J.P. Morgan Securities plc
Merrill Lynch International
TD Global Finance unlimited company
5.
Commissions and Concessions:
0.100 percent of the Aggregate Principal
Amount
6.
Estimated Total Expenses:
The 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:
238912580
(b)
ISIN:
US4581X0DZ81
(c)
CUSIP:
4581X0DZ8
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024
4850-1269-9131 v.2


8.
Identity of Managers:
HSBC Bank plc
J.P. Morgan Securities plc
Merrill Lynch International
TD Global Finance unlimited company
Barclays Bank PLC
BMO Capital Markets Corp.
Citigroup Global Markets Limited
Deutsche Bank AG, London Branch
Goldman Sachs International
Morgan Stanley & Co. International plc
Nomura International plc
RBC Capital Markets, LLC
Scotiabank Europe plc
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
(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.
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024
4850-1269-9131 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.
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 Nations
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024

4850-1269-9131 v.2




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 TD
Global Finance unlimited company, 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
7

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024

4850-1269-9131 v.2


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
HSBC Bank plc, J.P. Morgan Securities 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.
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
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 811
U.S.$3,500,000,000 0.500 percent Notes due September 23, 2024
4850-1269-9131 v.2