Obbligazione Interamerican Development Bank 3.5% ( XS2377303057 ) in PEN

Emittente Interamerican Development Bank
Prezzo di mercato refresh price now   100 PEN  ▲ 
Paese  Stati Uniti
Codice isin  XS2377303057 ( in PEN )
Tasso d'interesse 3.5% per anno ( pagato 1 volta l'anno)
Scadenza 23/08/2026



Prospetto opuscolo dell'obbligazione Inter-American Development Bank (IDB) XS2377303057 en PEN 3.5%, scadenza 23/08/2026


Importo minimo 10 000 PEN
Importo totale 50 000 000 PEN
Coupon successivo 23/08/2026 ( In 195 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.

The Obbligazione issued by Interamerican Development Bank ( United States ) , in PEN, with the ISIN code XS2377303057, pays a coupon of 3.5% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 23/08/2026







EXECUTION VERSION
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026 (the "Notes")
Payable in United States Dollars
Issue Price: 99.55 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
The date of this Pricing Supplement is August 18, 2021
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 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.:
806
2.
Aggregate Principal Amount:
PEN 50,000,000
3.
Issue Price:
PEN 49,775,000, which is 99.55 percent of the
Aggregate Principal Amount
The Issue Price will be payable in USD in the
amount of USD 12,274,969.17 at the agreed rate
of PEN 4.055 per one USD.
4.
Issue Date:
August 23, 2021
5.
Form of Notes
(Condition 1(a)):
Registered only
6.
New Global Note:
No
7.
Authorized Denomination(s)
(Condition 1(b)):
PEN 10,000
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


8.
Specified Currency
(Condition 1(d)):
Peruvian Sol ("PEN"), the lawful currency of
the Republic of Peru, provided that all payments
in respect of the Notes will be made in United
States Dollars ("USD")
9.
Specified Principal Payment
Currency
(Conditions 1(d) and 7(h)):
USD
10.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
USD
11.
Maturity Date
(Condition 6(a); Fixed Interest Rate
and Zero Coupon):
August 23, 2026
The Maturity Date is subject to the Business
Day Convention with no adjustment to the
amount of interest otherwise calculated.
Further, the date of payment in respect of the
Maturity Date is subject to postponement if any
of the Applicable Disruption Fallbacks apply,
with no adjustment to the amount of interest
otherwise calculated.
12.
Interest Basis
(Condition 5):
Fixed Interest Rate (Condition 5(I))
13.
Interest Commencement Date
(Condition 5(III)):
Issue Date (August 23, 2021)
14.
Fixed Interest Rate (Condition 5(I)):
(a) Interest Rate:
3.50 percent per annum
(b) Fixed Rate Interest Payment
Date(s):
Annually on August 23 in each year,
commencing on August 23, 2022 and ending
on the Maturity Date.
Each Fixed Rate Interest Payment Date is
subject to the Business Day Convention with no
adjustment to the amount of interest otherwise
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


calculated. Further, the date of payment in
respect of each Fixed Rate Interest Payment
Date is subject to postponement if any of the
Applicable Disruption Fallbacks apply, with no
adjustment to the amount of interest otherwise
calculated.
Calculation of Interest Amount:
For the purposes of the calculation of the
Interest Amount payable for any Interest Period,
there shall be no adjustment pursuant to the
Business Day Convention.
As soon as practicable and in accordance with
the procedure specified herein, the Calculation
Agent will determine the Reference Rate (as
defined below) and calculate the Interest
Amount with respect to each minimum
Authorized Denomination for the relevant
Interest Period.
The Interest Amount with respect to any Interest
Period shall be a USD amount calculated using
the Reference Rate determined as of the relevant
Rate Fixing Date (as defined below) as follows:
PEN 350 per minimum Authorized
Denomination
divided by
the Reference Rate
(and rounding, if necessary, the entire resulting
figure to the nearest two decimal places, with
USD 0.005 being rounded upwards).
"Lima Business Day" means a day (other than a
Saturday or a Sunday) on which banks and
foreign exchange markets are open for business
in Lima.
"PEN Interbank Ave (PEN05) Rate" means, in
respect of a Rate Fixing Date, the PEN/USD
average exchange rate in the interbank market,
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


expressed as the amount of PEN per one USD,
for settlement on the same day, reported by the
Banco Central de Reserva del Peru
(www.bcrp.gob.pe) as the "Tipo de Cambio
Interbancario Promedio" at approximately 2:00
p.m., Lima time, and published on the
Bloomberg page "PEN SBSP Curncy", on such
date.
"Rate Fixing Date" for any Interest Payment
Date or the Maturity Date or date on which an
amount is payable means the fifth Valuation
Business Day prior to such date.
"Reference Rate" means, in respect of a Rate
Fixing Date:
(a) the PEN/USD exchange rate, expressed as
the amount of PEN per one USD determined by
the Calculation Agent on the first Lima Business
Day following the relevant Rate Fixing Date by
reference to the applicable PEN Interbank Ave
(PEN05) Rate; or
(b) if the PEN Interbank Ave (PEN05) Rate is
not available for any reason, as reported by the
Banco Central de reserve del Peru
(www.bcrp.gob.pe) as the "Tipo de Cambio
Interbancario Promedio" at approximately 2:00
p.m., Lima time, and published on the
Bloomberg page "PEN SBSP Curncy", on such
Rate Fixing Date, the Calculation Agent shall
determine that a "Price Source Disruption" has
occurred, and shall promptly inform the Bank,
the Noteholders and the Global Agent of such
occurrence. For the purposes of obtaining a
Reference Rate, the Applicable Disruption
Fallbacks will apply.
"Valuation Business Day" means a day (other
than a Saturday or a Sunday) on which banks
and foreign exchange markets are open for
business in Lima and New York.
5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


Applicable Disruption Fallbacks (in order of
application):
1. Valuation Postponement. For purposes of
obtaining a Reference Rate, the Reference Rate
will be determined on the Valuation Business
Day first succeeding the day on which the Price
Source Disruption ceases to exist, unless the
Price Source Disruption continues to exist
(measured from the date, that, but for the
occurrence of the Price Source Disruption,
would have been the Rate Fixing Date) for a
consecutive number of calendar days equal to
the Maximum Days of Postponement. In such
event, the Reference Rate will be determined on
the next Valuation Business Day after the
Maximum Days of Postponement in accordance
with the next Applicable Disruption Fallback.
2. Calculation Agent Determination of the
Reference Rate. For purposes of obtaining a
Reference Rate, the Calculation Agent will
determine the Reference Rate (or a method for
determining the Reference Rate) in its sole
discretion, acting in good faith and in a
commercially reasonable manner.
Notwithstanding anything herein to the contrary,
in no event shall the total number of consecutive
calendar days during which either (i) valuation
is deferred due to an Unscheduled Holiday, or
(ii) a Valuation Postponement shall occur (or
any combination of (i) and (ii)), exceed 30
consecutive calendar days in the aggregate.
Accordingly, (x) if, upon the lapse of any such
30 day period, an Unscheduled Holiday shall
have occurred or be continuing on the day
following such period, then such day shall be
deemed to be a Rate Fixing Date, and (y) if,
upon the lapse of any such 30 day period, a
Price Source Disruption shall have occurred or
be continuing on the day following such period,
then the Valuation Postponement shall not apply
and the Reference Rate shall be determined in
6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


accordance with the next Applicable Disruption
Fallback (i.e., Calculation Agent Determination
of the Reference Rate).
"Maximum Days of Postponement" means 30
calendar days.
"Unscheduled Holiday" means a day that is not
a Valuation Business Day and the market was
not aware of such fact (by means of a public
announcement or by reference to other publicly
available information) until a time later than
9:00 a.m. local time in Lima two Valuation
Business Days prior to the relevant Rate Fixing
Date.
(c) Business Day Convention:
Modified Following Business Day Convention
(d) Fixed Rate Day Count
Fraction(s):
Actual/Actual (ICMA)
(e) Calculation Agent:
BNP Paribas
15.
Relevant Financial Center:
Lima, London and New York
16.
Relevant Business Days:
Lima, London and New York
17.
Redemption Amount (Condition
6(a)):
The Redemption Amount with respect to each
minimum Authorized Denomination will be a
USD amount calculated by the Calculation
Agent as of the Rate Fixing Date with respect to
the Maturity Date as follows:
minimum Authorized Denomination
divided by
the Reference Rate
(and rounding, if necessary, the entire resulting
figure to the nearest 2 decimal places, with USD
0.005 being rounded upwards).
Payment of the Redemption Amount will occur
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


on the Maturity Date, as may be postponed
pursuant to paragraph 11 above.
18.
Issuer's Optional Redemption
(Condition 6(e)):
No
19.
Redemption at the Option of the
Noteholders (Condition 6(f)):
No
20.
Early Redemption Amount
(including accrued interest, if
applicable) (Condition 9):
In the event the Notes become due and payable
as provided in Condition 9 (Default), the Early
Redemption Amount with respect to each
minimum Authorized Denomination will be a
USD amount equal to the Redemption Amount
that is determined in accordance with "17.
Redemption Amount (Condition 6(a))" plus
accrued and unpaid interest, if any, as
determined in accordance with "14. Fixed
Interest Rate (Condition 5(I))"; provided, that
for purposes of such determination, the "Rate
Fixing Date" shall be the date that is five (5)
Valuation Business Days prior to the date upon
which the Notes become due and payable as
provided in Condition 9 (Default).
21.
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/or Clearstream
Banking, S.A.
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


3.
Syndicated:
No
4.
Commissions and Concessions:
PEN 40,550 (USD 10,000 at the agreed rate of
PEN 4.055 per one USD).
5.
Estimated Total Expenses:
None. The Dealer has agreed to pay for all
material expenses related to the issuance of the
Notes, except the Bank will pay for the London
Stock Exchange listing fees, if applicable.
6.
Codes:
(a) Common Code:
237730305
(b) ISIN:
XS2377303057
7.
Identity of Dealer:
BNP Paribas
8.
Provision for Registered Notes:
(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
as of July 28, 2020, between the Bank, Citibank,
N.A., London Branch as Global Agent, and the
other parties thereto.
9.
Intended to be held in a manner
Not Applicable
which would allow Eurosystem
eligibility:
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
9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


Exchange Act of 1934, as amended.
(b) United Kingdom:
The Dealer 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.
(c) Republic of Peru:
The Dealer acknowledges that: The Notes shall
not be subject to a public offering in Peru. The
Notes, the Prospectus and the Pricing
Supplement in respect of the Notes have not
been and will not be registered with or approved
by the Peruvian Superintendency of Capital
Markets (Superintendencia del Mercado de
Valores or the "SMV") or the Lima Stock
Exchange (Bolsa de Valores de Lima or the
"BVL").
The Prospectus, this Pricing Supplement and
other offering materials relating to the offering
of the Notes are being supplied only to those
institutional investors in Peru (as defined by
Peruvian law) who have expressly requested
them. Such materials may not be distributed to
any person or entity other than the intended
recipients. Accordingly, the Notes cannot be
offered or sold in Peru, except if (i) such Notes,
the Prospectus and this Pricing Supplement were
previously registered with the SMV, or (ii) such
offering is considered a private offering under
the Peruvian Securities Market Law (Ley del
Mercado de Valores) or any other applicable
Peruvian regulations. No offer or invitation to
10
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 806
PEN 50,000,000 3.50 percent Notes due August 23, 2026
4839-9378-1494 v.2


Document Outline