Obligation Interamerican Development Bank 1.82% ( XS2081007937 ) en HKD

Interamerican Development Bank

100 % ⇌

Etats-unis

XS2081007937 ( en HKD )

1.82% par an ( paiement annuel )

25/11/2022 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2081007937 en HKD 1.82%, échue

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 ( Etats-unis ) , en HKD, avec le code ISIN XS2081007937, paye un coupon de 1.82% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 25/11/2022

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022 ("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
Regulated Market

Deutsche Bank

The date of this Pricing Supplement is November 21, 2019.
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

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 January 8, 2001 (the
"Prospectus") (which for the avoidance of doubt does not constitute a prospectus for the
purposes of Part VI of the United Kingdom Financial Services and Markets Act 2000 or a base
prospectus for the purposes of Regulation (EU) 2017/1129). 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 product governance / Retail investors, professional investors and ECPs target
market See "General Information--Additional Information regarding the Notes--Matters
relating to MiFID II" 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. These are the only terms which form
part of the form of Notes for such issue.

1.
Series No.:
736
2.
Aggregate Principal Amount:
HKD 300,000,000
3.
Issue Price:
HKD 300,000,000 which is 100.00 percent of the
Aggregate Principal Amount
4.
Issue Date:
November 26, 2019
2
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

5.
Form of Notes

(Condition 1(a)):
Bearer only.

The Notes will initially be represented by a
temporary global note in bearer form (the
"Temporary Bearer Global Note"). Interests in
the Temporary Bearer Global Note will, not earlier
than the Exchange Date, be exchangeable for
interests in a permanent global note in bearer form
(the "Permanent Bearer Global Note"). Interests
in the Permanent Bearer Global Note will be
exchangeable for definitive Notes in bearer form
("Definitive Bearer Notes"), in the following
circumstances: (i) if the Permanent Bearer Global
Note is held on behalf of a clearing system and
such clearing system is closed for business for a
continuous period of fourteen (14) days (other than
by reason of holidays, statutory or otherwise) or
announces its intention to permanently cease
business or does in fact do so, by any such holder
giving written notice to the Global Agent; and (ii)
at the option of any such holder upon not less than
sixty (60) days' written notice to the Bank and the
Global Agent from Euroclear and Clearstream,
Luxembourg on behalf of such holder; provided,
that no such exchanges will be made by the Global
Agent, and no Noteholder may require such an
exchange, during a period of fifteen (15) days
ending on the due date for any payment of principal
on the Notes.
6.
Authorized Denomination(s)

(Condition 1(b)):
HKD 1,000,000 and integral multiples thereof
7.
Specified Currency

(Condition 1(d)):
Hong Kong Dollar ("HKD")
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
HKD
9.
Specified Interest Payment Currency
(Conditions 1(d) and 7(h)):
HKD
10. Maturity Date

(Condition 6(a); Fixed Interest Rate): November 25, 2022
3
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

11. Interest Basis

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

(Condition 5(III)):
Issue Date (November 26, 2019)
13. Fixed Interest Rate (Condition 5(I)):

(a) Interest Rate:
1.82 percent per annum

(b) Business Day Convention
Modified Following Business Day Convention

(c) Fixed Rate Interest Payment

Date(s):
Annually in arrear on November 25 of each year,
commencing on November 25, 2020 and ending on
the Maturity Date.

There will be a short first Interest Period from and
including the Issue Date to but excluding
November 25, 2020.

Each Interest Payment Date is subject to
adjustment in accordance with the Modified
Following Business Day Convention.

(d) Fixed Rate Day Count

Fraction(s):
Actual/365 (Fixed)

14. Relevant Financial Center:
Hong Kong, New York and London
15. Relevant Business Days:
Hong Kong, New York and London
16. Issuer's Optional Redemption

(Condition 6(e)):
No
17. Redemption at the Option of the

Noteholders (Condition 6(f)):
No
18. Governing Law:
New York
4
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

19. 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.

Notes in bearer form are subject to U.S. tax law
requirements and may not be offered, sold or
delivered within the United States or its
possessions or to U.S. persons, except in certain
circumstances permitted by U.S. tax regulations.

(b) United Kingdom:
The Dealer represents and agrees that it has
complied and will comply with all applicable
provisions of the Financial Services and Markets
Act 2000 with respect to anything done by it in
relation to such Notes in, from or otherwise
involving the United Kingdom.

5
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

(c) Hong Kong:
(a) The Dealer has not offered or sold and will not
offer or sell in Hong Kong, by means of any
document, any Notes other than (i) to "professional
investors" as defined in the Securities and Futures
Ordinance (Cap. 571) of Hong Kong and any rules
made under that Ordinance; or (ii) in other
circumstances which do not result in the document
being a "prospectus" as defined in the Companies
(Winding Up and Miscellaneous Provisions)
Ordinance (Cap. 32) of Hong Kong or which do not
constitute an offer to the public within the meaning
of that Ordinance; and

(b) The Dealer has not issued or had in its possession
for the purposes of issue, and will not issue or have
in its possession for the purposes of issue, whether
in Hong Kong or elsewhere, any advertisement,
invitation or document relating to the Notes, which
is directed at, or the contents of which are likely to
be accessed or read by, the public of Hong Kong
(except if permitted to do so under the securities
laws of Hong Kong) other than with respect to the
Notes which are or are intended to be disposed of
only to persons outside Hong Kong or only to
"professional investors" as defined in the Securities
and Futures Ordinance (Cap. 571 of Hong Kong)
and any rules made under that Ordinance.

(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,
the Dealer 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.

6
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

20. Amendment to Condition 7(a)(i)
Condition 7(a)(i) is hereby amended by deleting
the first sentence thereof and replacing it with the
following: "Payments of principal and interest in
respect of Registered Notes shall be made to the
person shown on the Register at the close of
business on the business day before the due date
for payment thereof (the "Record Date")."

21. Amendment to Condition 7(h):
The following shall apply to Notes any payments in
respect of which are payable in a Specified
Currency other than United States Dollars:
Condition 7(h) is hereby amended by deleting the
words "the noon buying rate in U.S. dollars in the
City of New York for cable transfers for such
Specified Currency as published by the Federal
Reserve Bank of New York on the second Business
Day prior to such payment or, if such rate is not
available on such second Business Day, on the
basis of the rate most recently available prior to
such second Business Day" 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
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".
If applicable and so appointed, and unless
otherwise defined herein, the "Calculation Agent"
referred to in amended Condition 7(h) shall be the
Global Agent under the Bank's Global Debt
Program namely, Citibank, N.A., London
Branch, or its duly authorized successor.
7
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

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 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 Clearstream Banking
S.A.

3.
Syndicated:
No
4.
Commissions and Concessions:
0.029% of the Aggregate Principal Amount (HKD
87,000)
5.
Estimated Total Expenses:
None. The Dealer has agreed to pay for all
material expenses related to the issuance of the
Notes.

6.
Codes:

(a) Common Code
208100793

(b) ISIN:
XS2081007937
7.
Identity of Dealer:
Deutsche Bank AG, London Branch
8.
Provisions for Bearer Notes:

(a) Exchange Date:
Not earlier than January 6, 2020, which is the date
that is 41 (forty-one) days after the Issue Date.

(b) Permanent Global Note:
Yes

(c) Definitive Bearer Notes:
No, except in the limited circumstances described
under "Form of Notes" herein and in the
Prospectus

(d) Individual Definitive

Registered Notes:
No

(e) Registered Global Notes:
No

8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

General Information
Additional Information regarding the Notes
1.
Matters relating to MiFID II
The Bank does not fall under the scope of application of the MiFID II regime.
Consequently, the Bank does not qualify as an "investment firm", "manufacturer" or "distributor"
for the purposes of MiFID II.
MiFID II product governance / Retail investors, professional investors and ECPs
target market Solely for the purposes of the 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
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.

For the purposes of this provision, the expression MiFID II means Directive 2014/65/EU, as
amended.

9
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 736
HKD 300,000,000 1.82 percent Notes due November 25, 2022

DC_LAN01:380508.2A

Document Outline

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