Obligation Interamerican Development Bank 6.6% ( XS2157760930 ) en IDR

Interamerican Development Bank

100 % ⇌

Etas-Unis

XS2157760930 ( en IDR )

6.6% par an ( paiement annuel )

24/04/2023 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2157760930 en IDR 6.6%, échue

10 000 000 IDR

55 000 000 000 IDR

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 IDR, avec le code ISIN XS2157760930, paye un coupon de 6.6% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 24/04/2023

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023 (the "Notes")
payable in United States Dollars
Issue Price: 100.026 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

J.P. Morgan

The date of this Pricing Supplement is as of April 21, 2020
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

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 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.:
747
2.
Aggregate Principal Amount:
IDR 55,000,000,000
3.
Issue Price:
IDR 55,014,300,000 which amount represents
100.026 percent of the Aggregate Principal
Amount.
The Issue Price will be payable in USD in the
amount of USD 3,391,757.09 at the agreed
rate of 16,220 IDR per one USD.

4.
Issue Date:
April 24, 2020
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 9(c) of "Other Relevant Terms"
below.
6.
Authorized Denomination(s)

(Condition 1(b)):
IDR 10,000,000 and integral multiples thereof
7.
Specified Currency

(Condition 1(d)):
The lawful currency of the Republic of
Indonesia ("Indonesian Rupiah" or "IDR"),
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

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provided that all payments in respect of the
Notes will be made in United States Dollars
("U.S.$" or "USD")
8.
Specified Principal Payment

Currency

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

(Condition 6(a); Fixed Interest Rate): April 24, 2023
11. Interest Basis

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

(Condition 5(III)):
April 24, 2020
13. Fixed Interest Rate (Condition 5(I)):
Condition 5(I) as amended and supplemented

below, shall apply to the Notes. The bases of

the Calculation of the Interest Amount,
Interest Payment Dates and default interest are
as set out below.

(a) Interest Rate:
6.600 percent per annum

(b) Business Day Convention:
Following Business Day Convention

(c) Fixed Rate Interest Payment

Date(s):
Annually on each April 24, commencing on
April 24, 2021 and ending on, and including,
the Maturity Date.
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.

(d) Interest Period:
Each period from and including each Interest
Payment Date to but excluding the next
following Interest Payment Date, provided that
the initial Interest Period will commence on
and include the Interest Commencement Date,
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

and the final Interest Period will end on but
exclude the Maturity Date.
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 specified
above.

(e) Fixed Rate Day Count

Fraction(s):
Actual/Actual ICMA

(f) Calculation of Interest Amount:
As soon as practicable and in accordance with
the procedure specified herein, the Calculation
Agent will determine the IDR Rate (as defined
below) and calculate the amount of interest
payable (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 on the relevant Rate Fixing Date (as
defined below) as follows:
6.600% times the minimum Authorized
Denomination

times

the Fixed Rate Day Count Fraction

divided by

the IDR Rate

(and rounding, if necessary, the entire resulting
figure to the nearest two decimal places, with
USD 0.005 being rounded upwards).

The "IDR Rate" means the rate determined by
the Calculation Agent that is equal to the
USD/IDR weighted average spot rate in the
interbank market, based on traded USD/IDR
spot foreign exchange transactions during a
specified time period which are captured on a
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

real time basis, expressed as the amount of
IDR per one USD, for settlement in two Fixing
Business Days, as published by Bank
Indonesia as the "Jakarta Interbank Spot
Dollar Rate USD IDR", which appears on
Bank Indonesia's website (www.bi.go.id), or
as published on Thomson Reuters Screen
JISDOR Page (or any replacement page or
replacement service as may be implemented
for the purposes of displaying the USD/IDR
weighted average spot rate), or as otherwise
made available by Bank Indonesia (or its
successor as administrator), at approximately
10:00 a.m., Jakarta time, on the Rate Fixing
Date. Fallback Provisions apply as set out
below.

The "Rate Fixing Date" means the date that is
five (5) Fixing Business Days prior to the
applicable Fixed Rate Interest Payment Date
or Maturity Date, as the case may be. The
Rate Fixing Date shall be subject to
adjustment as follows: if the scheduled date of
the Rate Fixing Date is not a Relevant
Business Day, then the Rate Fixing Date will
be the first preceding day that is a Relevant
Business Day.
"Fixing Business Day" means a day (other
than a Saturday or a Sunday) on which banks
and foreign exchange markets are open for
business in Jakarta.

"Fallback Provisions": Should no USD/IDR
weighted average spot rate appear on Bank
Indonesia's website (www.bi.go.id) as the
"Jakarta Interbank Spot Dollar Rate USD
IDR", or on Thomson Reuters Screen JISDOR
Page (or on such replacement page or
replacement service as described above), or be
otherwise made available by Bank Indonesia
(or its successor as administrator), on the Rate
Fixing Date, then the IDR Rate for such Rate
Fixing Date shall be determined by the
Calculation Agent by requesting quotations for
the mid USD/IDR spot foreign exchange rate
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

from five banks active in the USD/IDR
currency and foreign exchange markets as
selected by the Calculation Agent (such banks,
the "Reference Banks") either (i) at or about
10:00 a.m. Jakarta time on the first day (other
than a Saturday or a Sunday) following the
Rate Fixing Date, if such day is a Relevant
Business Day or (ii) at or about 10:00 a.m.
Jakarta time on the Rate Fixing Date, if the
first day (other than a Saturday or a Sunday)
following the Rate Fixing Date is not a
Relevant Business Day.

If five or four quotations are provided by
Reference Banks as requested, the IDR Rate
shall be the arithmetic mean (rounded to the
nearest whole IDR, with IDR 0.5 being
rounded upwards) of the remaining three or
two such quotations (expressed as the number
of IDR per one USD), as the case may be, after
disregarding the highest quotation and the
lowest quotation; provided, that if two or more
such quotations are the highest such
quotations, then only one of such quotations
shall be disregarded; and provided further, that
if two or more such quotations are the lowest
such quotations, then only one of such lowest
quotations shall be disregarded.
If only three or two quotations are provided as
requested, the IDR Rate shall be the arithmetic
mean (rounded to the nearest whole IDR, with
IDR 0.5 being rounded upwards) of such
quotations (expressed as the number of IDR
per one USD).
If only one or no quotations are provided as
requested, or if the Calculation Agent
determines in its sole discretion that no
suitable Reference Banks active in the
USD/IDR currency or foreign exchange
markets will provide quotations, the
Calculation Agent shall be entitled to calculate
the IDR Rate acting in good faith in a
commercially reasonable manner, having
taken into account relevant market practice, by
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

reference to such additional sources as it
deems appropriate; and in such case the
Calculation Agent shall notify the Bank and
the Global Agent as soon as reasonably
practicable that the IDR Rate is to be so
determined.

(g) Calculation Agent:
See "8. Identity of Calculation Agent" under
"Other Relevant Terms"

(h) Notification:
If the Interest Amount payable on any Fixed
Rate Interest Payment Date or the Redemption
Amount, as the case may be, is calculated in
any manner other than by utilizing the
USD/IDR reference rate that appears on Bank
Indonesia's website (www.bi.go.id), or on
Thomson Reuters Screen JISDOR Page (or on
such replacement page as described above), or
as otherwise made available by Bank
Indonesia (or its successor as administrator),
the Global Agent on behalf of the Bank shall
give notice as soon as reasonably practicable
to the Noteholders in accordance with
Condition 14 (Notices).
14. Relevant Financial Center:
New York, London and Jakarta
15. Relevant Business Day:
New York, London and Jakarta
16. 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 IDR Rate

(and rounding, if necessary, the entire resulting
figure to the nearest 2 decimal places, with
USD 0.005 being rounded upwards).
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

17. Issuer's Optional Redemption

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

Noteholders (Condition 6(f)):
No
19. 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 "16.
Redemption Amount" plus accrued and unpaid
interest, if any, as determined in accordance
with "13. Fixed Interest Rate (Condition
5(I))"; provided, that for purposes of such
determination, the "Rate Fixing Date" shall be
the date that is five Fixing Business Days prior
to the date upon which the Notes become due
and payable as provided in Condition 9
(Default).
20. Governing Law:
New York
21. 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.

(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 the Notes in, from or
otherwise involving the United Kingdom.

(c) Indonesia:
The Notes are not and will not be registered
with the Financial Services Authority
previously known as the Capital Market and
Financial Institutions Supervisory Agency (the
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

"OJK") in Indonesia. As such, the Notes
(including the distribution and dissemination
of the Pricing Supplement, other written
materials either through advertisements or
other media authorized) are not authorized by
the OJK for their sale by public offering in the
Indonesian territory and/or to Indonesian
entities or residents in the Indonesian territory
in circumstances which constitute a public
offering of securities under the Indonesian
Law No. 8/1995 regarding Capital Markets.
Likewise, the Notes and the Pricing
Supplement have not been reviewed,
registered or authorized by the Central Bank
(Bank Indonesia) for their distribution through
banking institutions in Indonesia.

(d) Singapore:
Solely for the purposes of its obligations
pursuant to sections 309B(1)(a) and
309B(1)(c) 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(1) 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).

(e) 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.

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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2

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.
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:
0.026% of the Aggregate Principal Amount
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:
215776093

(b) ISIN:
XS2157760930
7.
Identity of Dealer:
J.P. Morgan Securities plc
8.
Identity of Calculation Agent:
J.P. Morgan Chase Bank, N.A.

In relation to the Rate Fixing Date, as soon as
is reasonably practicable after the
determination of the IDR Rate in relation
thereto, on the date on which the relevant IDR
Rate is to be determined (or, if such date is not
a Relevant Business Day, then on the next
succeeding Relevant Business Day), the
Calculation Agent shall notify the Issuer and
the Global Agent of the IDR Rate, and the
Interest Amount, and the Redemption Amount
or Early Redemption Amount, as the case may
be, in relation thereto.
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No.: 747
IDR 55,000,000,000 6.600 percent Notes due April 24, 2023

DC_LAN01:383322.2