Obbligazione Africa Development Bank 0.875% ( XS2403518033 ) in GBP

Emittente Africa Development Bank
Prezzo di mercato 99.89 GBP  ▲ 
Paese  Costa d'Avorio
Codice isin  XS2403518033 ( in GBP )
Tasso d'interesse 0.875% per anno ( pagato 1 volta l'anno)
Scadenza 15/12/2024 - Obbligazione è scaduto



Prospetto opuscolo dell'obbligazione African Development Bank XS2403518033 in GBP 0.875%, scaduta


Importo minimo /
Importo totale /
Descrizione dettagliata La Banca Africana di Sviluppo (BAD) è un'istituzione finanziaria internazionale dedicata allo sviluppo economico e sociale dell'Africa.

The Obbligazione issued by Africa Development Bank ( Côte d'Ivoire ) , in GBP, with the ISIN code XS2403518033, pays a coupon of 0.875% per year.
The coupons are paid 1 time per year and the Obbligazione maturity is 15/12/2024








Pricing Supplement dated 29 October 2021

AFRICAN DEVELOPMENT BANK
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer
Issue of GBP 500,000,000 0.875 per cent. Fixed Rate Notes due 16 December 2024
This document constitutes the Pricing Supplement relating to the issue of Notes described herein. This
Pricing Supplement constitutes Final Terms for the purposes of listing and trading Notes on the
Regulated Market of the Luxembourg Stock Exchange. Terms used herein shall be deemed to be
defined as such for the purposes of the Conditions set forth in the Information Memorandum dated 8
September 2009, as supplemented by the Supplemental Information Memorandum dated 16 January
2017 (as so supplemented, the Information Memorandum). This Pricing Supplement contains the
final terms of the Notes and must be read in conjunction with the Information Memorandum.
MIFID II product governance / Retail investors, professional clients and eligible counterparties ­ See
item 39(i) below.
UK MiFIR product governance / Retail investors, professional clients and eligible counterparties ­
See item 39(ii) below.

1.
Issuer:
African Development Bank
2.
(i) Series Number:
1026

(ii) Tranche Number:
1
3.
Specified Currency:
Pounds Sterling (GBP)
4.
Aggregate Nominal Amount:


(i) Series:
GBP 500,000,000

(ii) Tranche:
GBP 500,000,000
5.
(i) Issue Price:
99.862 per cent. of the Aggregate
Nominal Amount

(ii) Net proceeds:
GBP 498,810,000.00
6.
Specified Denominations:
GBP 1,000 (the Calculation Amount)
and integral multiples thereof
7.
(i) Issue Date:
2 November 2021

(ii) Interest Commencement Date:
The Issue Date
8.
Maturity Date:
16 December 2024
1




9.
Interest Basis:
0.875 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
Status of the Notes:
Senior
14.
Listing:
The regulated market of the Luxembourg
Stock Exchange for the purposes of
Directive 2014/65/EU on Markets in
Financial Instruments.
15.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

16.
Fixed Rate Note Provisions
Applicable

(i) Rate of Interest:
0.875 per cent. per annum payable
annually in arrear

(ii) Interest Payment Date(s):
16 December in each year, commencing
on 16 December 2021, up to, and
including, the Maturity Date, subject, in
the case of payment only, to the
Following Business Day Convention, but
without any adjustment to any Interest
Period.
There will be a short first coupon from,
and
including
the
Interest
Commencement Date to, but excluding,
16 December 2021 (the Short First
Interest Period).

(iii) Fixed Coupon Amount:
GBP 8.75 per Calculation Amount (other
than in respect of the Short First Interest
Period, as to which see paragraph 16(iv)
below)

(iv) Broken Amount(s):
GBP 1.05 per Calculation Amount,
payable on the Interest Payment Date
falling on 16 December 2021.

(v) Day Count Fraction:
Actual/Actual (ICMA)

(vi) Determination Date(s):
16 December in each year

(vii) Other terms relating to the method of Not Applicable
2




calculating interest for Fixed Rate Notes:



17.
Floating Rate Note Provisions
Not Applicable

18.
Zero Coupon Note Provisions
Not Applicable

19.
Index-Linked Interest Note Provisions
Not Applicable
20.
Dual Currency Interest Note Provisions
Not Applicable

21.
Variable Coupon Amount Notes
Not Applicable
PROVISIONS RELATING TO REDEMPTION

22.
Call Option
Not Applicable

23.
Put Option
Not Applicable

24.
Final Redemption Amount of each Note
GBP 1,000 per Calculation Amount
25.
Early Redemption Amount
As set out in the Conditions
Early Redemption Amount(s) of each Note
payable on event of default and/or the method of
calculating the same (if required or if different
from that set out in the Conditions):

26.
Variable Redemption Amount Notes
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
(a) Form of Notes:


Bearer Notes:
Not Applicable

Registered Notes:
Applicable

Registrar and Transfer Agents:
Registrar:
Citibank,
N.A.,
London
Branch,
Citigroup Centre, Canary Wharf, London
E14 5LB
Transfer Agent:
Banque Internationale à Luxembourg
société anonyme, 69 route d'Esch, L-
2953 Luxembourg
(i) DTC Application:

No
(ii) Australian Domestic Notes:

No
3




(iii) Held under the New Safekeeping

No
Structure:
(b) New Global Note (NGN):
No

28.
Relevant Financial Centre(s) or other special London and New York City
provisions relating to Payment Dates:
For the purposes of Condition 6,
"Business Day" means a day (other than
Saturday
or
Sunday)
on
which
commercial banks and foreign exchange
markets settle payments and are open for
general business in London and New
York City
29.
Talons for future Coupons to be attached to Not Applicable
Definitive Bearer Notes (and dates on which such
Talons mature):
30.
Details relating to Partly Paid Notes: amount of Not Applicable
each payment comprising the Issue Price and date
on which each payment is to be made and
consequences (if any) of failure to pay, including
any right of the Issuer to forfeit the Notes and
interest due on late payment:
31.
Details relating to Instalment Notes: amount of Not Applicable
each instalment, date on which each payment is to
be made:
32.
Redenomination,
renominalisation
and Not Applicable
reconventioning provisions:
33.
Consolidation provisions:
Not Applicable
34.
Other terms or special conditions:
Not Applicable
35.
Governing law:
English Law
DISTRIBUTION

36.
(i) If syndicated, names of the Managers:
Barclays Bank PLC;
Deutsche Bank AG, London Branch; and
RBC Europe Limited

(ii) Stabilising Manager (if any):
Not Applicable
37.
If non-syndicated, name of Dealer:
Not Applicable
38.
Additional selling restrictions:
None
39.
(i) MIFID II product governance / Retail The Issuer is not subject to Directive
investors, professional clients and eligible 2014/65/EU (as amended, MiFID II) or
counterparties -
the requirements of an "investment firm",
4




"manufacturer" or "distributor" under the
MiFID II product governance rules of EU
Delegated Directive 2017/593. For the
purposes of MiFID II, Deutsche Bank
AG, London Branch shall be deemed the
"manufacturer" in respect of the Notes.
Solely for the purposes of each
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 investors, each as
defined in MiFID II; and (ii) all channels
for distribution of the Notes are
appropriate, including investment advice,
portfolio management, non-advised sales
and pure execution services. Any person
subsequently
offering,
selling
or
recommending the Notes (a distributor)
should take into consideration the
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
manufacturer's target market assessment)
and determining appropriate distribution
channels.

(ii) UK MiFIR product governance / Retail The Issuer is not subject to Regulation
investors, professional clients and eligible (EU) No 600/2014 as it forms part of
counterparties:
United Kingdom domestic law by virtue
of the European Union (Withdrawal) Act
2018 (the EUWA) (UK MiFIR) or the
requirements of an "investment firm",
"manufacturer" or "distributor" under the
FCA Handbook Product Intervention and
Product Governance Sourcebook (the
UK
MiFIR
Product
Governance
Rules). For the purposes of UK MiFIR,
Barclays Bank PLC, Deutsche Bank AG,
London Branch and RBC Europe
Limited
shall
be
deemed
the
"manufacturers" in respect of the Notes.
Solely for the purposes of each
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
investors (as defined in point (8) of
Article 2 of Regulation (EU) No
2017/565 as it forms part of domestic law
5




by virtue of the EUWA), eligible
counterparties (as defined in the FCA
Handbook
Conduct
of
Business
Sourcebook), and professional clients (as
defined in UK MiFIR); and (ii) all
channels for distribution of the Notes are
appropriate including investment advice,
portfolio management, non-advised sales
and pure execution services. Any person
subsequently
offering,
selling
or
recommending the Notes (a distributor)
should take into consideration the
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
manufacturers' target market assessment)
and determining appropriate distribution
channels.
OPERATIONAL INFORMATION
40.
ISIN:
XS2403518033
41.
Common Code:
240351803
42.
Any clearing system(s) other than Euroclear and Not Applicable
Clearstream, Luxembourg and the relevant
identification number(s):

43.
Delivery:
Delivery against payment
44.
Changes to the Agent(s) (if any):
Not Applicable
45.
Applicable TEFRA Rules:
Not Applicable
46.
Additional United States Federal Income Tax Not Applicable
Consequences:
47.
Intended to be held in a manner that would allow No
Eurosystem eligibility:
6



LISTING APPLICATION
This Pricing Supplement comprises the final terms required for issue and admission to trading on the
Regulated Market of the Luxembourg Stock Exchange and admission to trading on the Official List of
the Luxembourg Stock Exchange of the Notes described herein pursuant to the Global Debt Issuance
Facility of the African Development Bank.
NO MATERIAL ADVERSE CHANGE
There has been no material adverse change in the financial position of the Issuer since 31 December
2020.
AUDITORS
The annual accounts of the Issuer for the financial years ended 31 December 2019 and 31 December
2020, respectively, have been audited by Deloitte & Associés.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.
Signed on behalf of African Development Bank:
By:
.......................................
Duly authorised