Obligation Interamerican Development Bank 1.75% ( NZIDBDT008C4 ) en NZD

Interamerican Development Bank

100 % ⇌

Etas-Unis

NZIDBDT008C4 ( en NZD )

1.75% par an ( paiement annuel )

25/08/2026

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) NZIDBDT008C4 en NZD 1.75%, échéance 25/08/2026

1 000 NZD

450 000 000 NZD

25/02/2026 ( Dans 15 jours )

La Banque interaméricaine de développement (BID) est une institution financière de développement multilatérale qui ?uvre à améliorer la vie des habitants de l'Amérique latine et des Caraïbes en finançant des projets de développement économique, social et environnemental.

L'Obligation émise par Interamerican Development Bank ( Etas-Unis ) , en NZD, avec le code ISIN NZIDBDT008C4, paye un coupon de 1.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 25/08/2026

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 808
NZD450,000,000 1.75 per cent. Notes due 25 August 2026 ("Notes")
Issue Price: 99.828534 per cent.
No application has been made to list the Notes on any stock exchange.
ANZ Bank New Zealand Limited
Bank of New Zealand
Commonwealth Bank of Australia (ABN 48 123 123 124)
The date of this Pricing Supplement is 23 August 2021.
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.
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

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 which form part of the form of Notes for
such issue.
1.
(a)
Series No.:
808
(b)
Tranche No.:
1
2.
Aggregate Principal Amount:
NZD450,000,000
3.
Issue Price:
NZD449,228,403, which is 99.828534 per cent. of
the Aggregate Principal Amount
4.
Issue Date:
25 August 2021
5.
Form of Notes
Registered only, as further provided in paragraph
(Condition 1(a)):
8(c) of "Other Relevant Terms" below
6.
New Global Note:
No
7.
Authorized Denomination(s)
Outside New Zealand, NZD1,000 and integral
(Condition 1(b)):
multiples thereof
Within New Zealand, NZD100,000 and integral
multiples of NZD10,000 in excess thereof (subject to
the selling restrictions set forth in Item 20 below and
a minimum subscription of NZD750,000)
8.
Specified Currency
New Zealand Dollars ("NZD"), being the lawful
(Condition 1(d)):
currency of New Zealand
9.
Specified Principal Payment Currency
NZD
(Conditions 1(d) and 7(h)):
10.
Specified Interest Payment Currency
NZD
(Conditions 1(d) and 7(h)):
11.
Maturity Date
25 August 2026
(Condition 6(a); Fixed Interest Rate and
Zero Coupon):
12.
Interest Basis
Fixed Interest Rate (Condition 5(I))
(Condition 5):
13.
Interest Commencement Date
Issue Date (25 August 2021)
(Condition 5(III)):
14.
Fixed Interest Rate (Condition 5(I)):
(a)
Interest Rate:
1.75 per cent. per annum
(b)
Fixed Rate Interest Payment
Semi-annually in arrear on 25 February and 25
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

Date(s):
August in each year and the Maturity Date,
commencing with a coupon payment on 25 February
2022
Each Interest Payment Date is subject to adjustment
in accordance with the Following Business Day
Convention with no adjustment to the amount of
interest otherwise calculated
(c)
Fixed Rate Day Count
RBNZ Bond Basis, being one divided by the number
Fraction(s):
of Fixed Rate Interest Payment Dates in a year. For
amounts paid other than on and/or calculated in
respect of dates other than Fixed Rate Interest
Payment Dates: Actual/Actual (ICMA)
15.
Relevant Financial Center:
Auckland and Wellington
16.
Relevant Business Day:
Auckland and Wellington
17.
Issuer's Optional Redemption
No
(Condition 6(e)):
18.
Redemption at the Option of the
No
Noteholders (Condition 6(f)):
19.
Early Redemption Amount (including
100 per cent. per Authorized Denomination plus
accrued interest, if applicable)
accrued interest
(Condition 9):
20.
Governing law:
New York
21.
Amendment to Conditions:
Condition 7(a)(ii) shall be amended by deleting
"business day" and "fifteenth calendar day" and
replacing them in each instance with the words
"tenth calendar day".
Condition 7(h) shall be amended by deleting the
following words "a U.S. dollar/Specified Currency
exchange rate determined by IADB or its Designee
as of the second Business Day prior to such payment
or, if IADB or its Designee determines that no such
rate is available as of such second Business Day, on
the basis of the exchange rate most recently
available prior to such second Business Day. In
making such determinations, IADB or its Designee
shall act in good faith and in a commercially
reasonable manner having taken into account all
available information that it shall deem relevant."
and replacing them with the words "a U.S.
dollar/Specified Currency exchange rate determined
by the Calculation Agent as of the second Business
Day prior to such payment, or, if the Calculation
Agent determines that no such exchange rate is
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

available as of such second Business Day, on the
basis of the exchange rate most recently available
prior to such second Business Day. In making such
determinations, the Calculation Agent shall act in
good faith and in a commercially reasonable manner
having taken into account all available information
that it shall deem relevant".

In Condition 7(h), the definition of "Calculation
Agent" shall be deemed to mean "Computershare
Investor Services Limited".

Other Relevant Terms

1.
Listing (if yes, specify Stock Exchange):
Unlisted.
2.
Details of Clearance System Approved by The NZClear system operated by the Reserve Bank
the Issuer and the Global Agent and
of New Zealand ("NZClear")
Clearance and Settlement Procedures:

Subject to the rules of the relevant clearing and
settlement system, Investors may elect to hold
interests in the Notes (i) directly through NZClear,
(ii) indirectly through Euroclear or Clearstream,
Luxembourg if they are participants in such systems,
or (iii) indirectly through organizations which are
participants in any of such systems. The Issuer has
been advised that Euroclear and Clearstream,
Luxembourg will hold interests on behalf of their
participants through customers' securities accounts
in their respective names on the books of their
respective New Zealand sub-custodians, which in
turn will hold such interests in customers' securities
accounts in the names of the New Zealand sub-
custodians on the books of NZClear. Participants in
any of such systems should contact the relevant
clearing system(s) if they have any questions in
relation to clearing, settlement and cross-market
transfers and/or trading.
3.
Syndicated:
No
4.
If Syndicated:
Not Applicable
5.
Commissions and Concessions:
0.142635% of the principal amount on a yield basis
(being NZD641,857.50), comprised of a combined
management, underwriting and selling concession
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

6.
Codes:

(a)
Common Code:
237799810

(b)
ISIN:
NZIDBDT008C4

7.
Identity of Dealer:
Commonwealth Bank of Australia (ABN 48 123 123
124)

ANZ Bank New Zealand Limited, Bank of New
Zealand and Commonwealth Bank of Australia
(ABN 48 123 123 124) have been appointed to
facilitate the secondary distribution of the Notes.

8.
Provisions for Registered Notes:

(a)
Individual Definitive Registered
No
Notes Available on Issue Date:

(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, as amended from time to time, between the
Bank, Citibank, N.A., London Branch as Global
Agent, and the other parties thereto.

9.
Agent for Notes:
The Paying Agent, Registrar, Transfer Agent,
Custodian and Calculation Agent for the Notes
shall be:

Computershare Investor Services Limited
Level 2, 159 Hurstmere Road
Takapuna, Auckland 0622
New Zealand
10.
Additional Risk Factors:
There are various risks associated with the Notes
including, but not limited to, exchange rate risk,
price risk and liquidity risk. Investors should consult
with their own financial, legal and accounting
advisors about the risks associated with an
investment in these Notes, the appropriate tools to
analyze that investment, and the suitability of that
investment in each investor's particular
circumstances. Holders of the Notes should also
consult with their professional tax advisors regarding
tax laws applicable to them.
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

20.
Selling Restrictions:
The following should be read in conjunction with the
more complete description contained in Exhibit D to
the Standard Provisions dated June 1, 2021, which
are incorporated by reference into the Terms
Agreement.

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.

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.

New Zealand:

The Dealer agrees that no product disclosure
statement or other disclosure document in respect of
the Notes has been, nor will be, registered or
prepared under, or for the purposes of, the New
Zealand Financial Markets Conduct Act 2013 (the
"FMC Act"). Accordingly, the Notes may not be
offered in a manner that makes the Notes subject to a
regulated offer within the meaning of that Act.
Without limitation, no person may (directly or
indirectly) offer for subscription or purchase or issue
invitations to subscribe for or buy, or sell or transfer
the Notes, or distribute any product disclosure
statement or any other advertisement or offering
material relating to the Notes in New Zealand, or to
any resident of New Zealand, except that the Notes
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

may be offered, sold or transferred:
(i)
to "wholesale investors" as that term is
defined in clauses 3(2)(a), (c) and (d) of
Schedule 1 to the FMC Act, being a person
who is:
(aa)
an "investment business";
(bb)
"large"; or
(cc)
a "government agency",
in each case as defined in Schedule 1 to the
FMC Act; and
(ii)
to "wholesale investors" within the meaning
of clause 3(3)(b)(i) of Schedule 1 to the
FMC Act in circumstances where there is no
contravention of the FMC Act,

provided that Notes may not be offered, sold or
transferred to any "eligible investor" (as defined in
clause 41 of Schedule 1 to the FMC Act) or any
person that meets the investment activity criteria
specified in clause 38 of Schedule 1 to the FMC Act.

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).

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, the Dealer
agrees that it will observe all applicable provisions
of law in each jurisdiction in or from which it may
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

offer or sell Notes or distribute any offering material.
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

General Information
New Zealand Withholding Tax Considerations
The following is a summary of the New Zealand withholding tax treatment at the date of this Pricing
Supplement of payments of principal and interest on Notes. This summary addresses the New Zealand
withholding tax treatment of payments of principal and interest to holders of Notes. It does not address all
New Zealand tax issues (including income tax issues) which may be relevant to holders of Notes.
Prospective holders of a Note (including prospective holders of a beneficial interest in a Note) should seek
independent advice on the New Zealand tax implications applicable to them.
To the extent that a beneficial interest in a Note is held by an RWT Holder, payments of principal and/or
interest by the Issuer should not be subject to New Zealand resident withholding tax, provided that:
(1)
the Issuer (and any other related entity through which the payments of principal and/or interest are
made) continues not to be a resident in New Zealand for New Zealand income tax purposes, and
does not carry on a taxable activity in New Zealand through a fixed establishment in New
Zealand; and
(2)
if Computershare Investor Services Limited (or any other third party) receives principal and/or
interest payments on behalf of or as agent of the holder of that beneficial interest, prior to the
payment being made the holder has provided Computershare Investor Services Limited (or the
other third party) with the holder's New Zealand tax file number together with certification they
have "RWT-exempt status" (as defined in the Income Tax Act 2007 (NZ)) in respect of New
Zealand resident withholding tax, and that status remains valid at the time the payment is made,
or Computershare Investor Services Limited (or the other third party) has otherwise established
that holder's RWT-exempt status and that that status remains valid at the time the payment is
made.
To the extent that a beneficial interest in a Note is held by a person who is not an RWT Holder, payments
of principal and/or interest on that Note by the Issuer should not be subject to New Zealand withholding
tax.
Important Definition: For the purposes of these New Zealand withholding tax considerations, an "RWT
Holder" is a person who:
(1)
is resident in New Zealand for New Zealand income tax purposes; or
(2)
is carrying on business in New Zealand through a fixed establishment in New Zealand and either:
(a)
is a registered bank (as defined in section 2 of the Reserve Bank of New Zealand Act
1989); or
(b)
holds the Notes for the purposes of that fixed establishment.
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026

New Zealand Register
The Register will be maintained pursuant to the Registry Services Agreement entered into with
Computershare Investor Services Limited as Registrar for the Notes of this Series.
INTER-AMERICAN DEVELOPMENT BANK
3465-4144-6165
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 808
NZD450,000,000, 1.75 per cent. Notes due 25 August 2026