Obbligazione Interamerican Development Bank 0% ( US4581X0EA22 ) in USD

Emittente Interamerican Development Bank
Prezzo di mercato 100 USD  ⇌ 
Paese  Stati Uniti
Codice isin  US4581X0EA22 ( in USD )
Tasso d'interesse 0%
Scadenza 15/10/2025 - Obbligazione č scaduto



Prospetto opuscolo dell'obbligazione Inter-American Development Bank (IDB) US4581X0EA22 in USD 0%, scaduta


Importo minimo /
Importo totale /
Descrizione dettagliata La Banca Interamericana di Sviluppo (BID) č 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.

Un'analisi dettagliata rivela l'esistenza di un'obbligazione con codice ISIN US4581X0EA22, emessa dalla prestigiosa Inter-American Development Bank (IDB); la Banca Interamericana di Sviluppo (IDB) si configura come un'organizzazione finanziaria internazionale leader, dedicata al finanziamento di progetti di sviluppo economico e sociale in America Latina e nei Caraibi, la cui missione č promuovere lo sviluppo sostenibile, ridurre la povertā e l'ineguaglianza attraverso investimenti in infrastrutture, servizi sociali, riforme istituzionali e sostegno al settore privato, godendo di un'elevata reputazione sul mercato dei capitali globali; questo specifico strumento obbligazionario, classificato come obbligazione e denominato in Dollari statunitensi (USD), č stato emesso negli Stati Uniti e presenta una scadenza fissata al 15 ottobre 2025; una caratteristica distintiva č il tasso d'interesse nominale pari a zero, qualificando l'obbligazione come 'zero-coupon', il che implica l'assenza di pagamenti periodici di cedole; attualmente, il suo prezzo di mercato si attesta al 100% del valore nominale, indicando che l'investitore riceverā il capitale nominale alla scadenza senza alcun interesse intermedio; sebbene la frequenza di pagamento sia indicata come semestrale, tale parametro si riferisce al potenziale schema di calcolo qualora fossero previste cedole, che in questo caso specifico sono nulle; pertanto, l'obbligazione US4581X0EA22 rappresenta un veicolo di investimento a breve-medio termine, privo di rendimento cedolare e attualmente prezzato alla pari, destinato a investitori che privilegiano la restituzione del capitale a scadenza in un'ottica di conservazione piuttosto che di generazione di reddito periodico, supportato dalla solida reputazione dell'emittente IDB.







EXECUTION VERSION




PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 813

USD100,000,000 Floating Rate Notes due October 15, 2025 (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 Corp.







The date of this Pricing Supplement is October 13, 2021.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 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.:
813
2.
Aggregate Principal Amount:
USD100,000,000
3.
Issue Price:
USD100,000,000, which amount represents 100.00
percent of the Aggregate Principal Amount
4.
Issue Date:
October 15, 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
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


9.
Specified Interest Payment

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

(Condition 6(a); Fixed Interest

Rate):
October 15, 2025
11.
Interest Basis

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

(Condition 5(III)):
Issue Date (October 15, 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:
(c)
Specified Interest
The period beginning on, and including, the Interest
Period:
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 January 15, April 15, July 15,
and October 15 in each year, commencing on
January 15, 2022, up to and including the Maturity
Date.
Each Interest Payment Date is subject to adjustment
in accordance with the Business Day Convention.
(e)
Interest Period Date:
Each Interest Payment Date
(f)
Reference Rate:
Subject to the Compounded SOFR Fallback
Provisions below, for any Interest Period,
"Compounded SOFR" will be calculated by the
Calculation Agent on each Interest Determination
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


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/sofr-
avg-ind. In the event that the value originally
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
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


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 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
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


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
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
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


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 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
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


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 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):
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


(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, 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
9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2


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
Index, the SOFR Index Determination Time, and
(2) if the Benchmark is not SOFR Index, the time
determined by the Issuer after giving effect to the
Benchmark Replacement Conforming Changes.
"Relevant Governmental Body" means the
Federal Reserve Board and/or the Federal Reserve
Bank of New York, or a committee officially
endorsed or convened by the Federal Reserve
Board and/or the Federal Reserve Bank of New
York or any successor thereto.
"Unadjusted Benchmark Replacement" means
the Benchmark Replacement excluding the
Benchmark Replacement Adjustment.
(g)
Calculation Agent:
Citibank, N.A., London Branch
(h)
Interest Determination
The date five U.S. Government Securities Business
Date:
Days prior to the end of each Interest Period.

14.
Other Floating Rate Terms

(Conditions 5(II) and (III)):
(a) Minimum Interest Rate: 0 percent per annum
10
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 813
USD100,000,000 Floating Rate Notes due October 15, 2025
4852-7109-6830 v.2