Obligation Interamerican Development Bank 1.3% ( XS2200553613 ) en AUD

Interamerican Development Bank

100 % ⇌

Etas-Unis

XS2200553613 ( en AUD )

1.3% par an ( paiement annuel )

15/01/2031

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2200553613 en AUD 1.3%, échéance 15/01/2031

1 000 000 AUD

140 000 000 AUD

15/01/2027 ( Dans 339 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 AUD, avec le code ISIN XS2200553613, paye un coupon de 1.3% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 15/01/2031

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 757

AUD 140,000,000 1.30 percent Notes due January 15, 2031 (the "Notes")

Issue Price: 100.00 percent

No application has been made to list the Notes on any stock exchange.

Crédit Agricole Corporate and Investment Bank

The date of this Pricing Supplement is July 10, 2020
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

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.:
757
2.
Aggregate Principal Amount:
AUD 140,000,000
3.
Issue Price:
AUD 140,000,000, which is 100.00 percent of
the Aggregate Principal Amount.
4.
Issue Date:
July 15, 2020
5.
Form of Notes

(Condition 1(a)):
Registered only, as further provided in
paragraph 8(c) of "Other Relevant Terms"
below.
6.
Authorized Denomination(s)

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

(Condition 1(d)):
Australian Dollars (AUD) being the lawful
currency of the Commonwealth of Australia.
8.
Specified Principal Payment

Currency

(Conditions 1(d) and 7(h)):
AUD
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

9.
Specified Interest Payment Currency

(Conditions 1(d) and 7(h)):
AUD
10. Maturity Date

(Condition 6(a); Fixed Interest Rate): January 15, 2031
The Maturity Date is subject to adjustment in
accordance with the Modified Following
Business Day Convention with no adjustment to
the amount of interest otherwise calculated.
11. Interest Basis

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

(Condition 5(III)):
Issue Date (July 15, 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:
1.30 percent per annum

(b) Business Day Convention:
Modified Following Business Day Convention

(c) Fixed Rate Interest Payment Semi-annually on each January 15 and July 15
Date(s):
commencing on January 15, 2021 and ending
on, and including, the Maturity Date.

Each Interest Payment Date is subject to
adjustment in accordance with the Modified
Following Business Day Convention with no
adjustment to the amount of interest otherwise
calculated.

(d) Fixed Rate Day Count

Fraction(s):
30/360
14. Relevant Financial Center:
New York, London, Sydney and Tokyo
15. Relevant Business Days:
New York, London, Sydney and Tokyo
16. Issuer's Optional Redemption

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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

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

Noteholders (Condition 6(f)):
No
18. Governing Law:
New York
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.

(b)
United Kingdom:
The Dealer 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.

(c)
Commonwealth of Australia

The Dealer is neither a bank nor an authorized
deposit-taking institution which is authorized
under the Banking Act 1959 of Australia. The
Dealer is engaged in connection with the
issuance of the Notes solely for the purposes of
transactions outside Australia and with persons
who are not resident or located in Australia. The
Dealer represents and agrees that it:

· has not (directly or indirectly) offered or
invited applications, and will not offer or
invite applications, for the issue, sale or
purchase of the Notes in Australia
(including an offer or invitation which is
received by a person in Australia); and

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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

· has not distributed or published, and will
not distribute or publish, the Prospectus
or any other offering material or
advertisement (including any Pricing
Supplement) relating to the Notes in
Australia.

The Dealer has not provided, and will not
provide, any financial services (as defined in the
Corporations Act 2001 of Australia
("Corporations Act")) in, or into, Australia in
connection with the issuance of the Notes and it
has not engaged, and will not engage, in any
conduct intended to induce persons who are
resident or located in Australia to use the
financial services the Dealer provides.

The Dealer acknowledges in relation to the
Global Debt Program and the issue of the Notes
that the Prospectus has not been, and will not be,
and no other prospectus or other disclosure
document (as defined in the Corporations Act)
in relation to the Global Debt Program or any
Notes has been or will be, lodged with the
Australian Securities and Investments
Commission or any other Australian
governmental agency.

(d)
Japan:
The Notes have not been and will not be
registered under the Financial Instruments and
Exchange Act of Japan (Law No. 25 of 1948, as
amended (the "FIEA")) and the Dealer has
represented and agreed that it will not offer or
sell any Notes, directly or indirectly, in Japan or
to, or for the benefit of, any resident of Japan (as
defined under Item 5, Paragraph 1, Article 6 of
the Foreign Exchange and Foreign Trade
Control Law (Law No. 228 of 1949, as
amended)), or to others for re-offering or resale,
directly or indirectly, in Japan or to a resident of
Japan except pursuant to an exemption from the
registration requirements of, and otherwise in
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

compliance with, the FIEA and any other
applicable laws, regulations and ministerial
guidelines of Japan.
(e)
General:
No action has been or will be taken by the Bank
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.
22. 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")."
23. 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
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

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.

Other Relevant Terms
1.
Listing:
None.
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:
No commissions or concessions are payable in
respect of the Notes. An affiliate of the Dealer
has arranged a swap with the Bank in connection
with this transaction and will receive amounts
thereunder that may comprise compensation.

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:
220055361

(b) ISIN:
XS2200553613
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

7.
Identity of Dealer:
Crédit Agricole Corporate and Investment Bank
8.
Provisions for Registered Notes:

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

(b) DTC Global Note(s):
No

(c) Other Registered Global
Yes, issued in accordance with the Global
Notes:
Agency Agreement, dated January 8, 2001, as
amended, among the Bank, Citibank, N.A., as
Global Agent, and the other parties thereto.

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.
2. The language set out under the heading "Use of Proceeds" in the Prospectus shall be
deleted in its entirety and replaced by the following:

"The net proceeds from the sale of the Notes will be included in the ordinary capital
8
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

resources of the Bank and, will not be committed or earmarked for lending to, or financing of,
any specific loans, projects or programs. The Bank, in partnership with its member countries,
works to reduce poverty and inequalities in Latin America and the Caribbean by promoting
economic and social development in a sustainable, climate friendly way.

The Bank's strategic priorities include social inclusion and equality, productivity and
innovation and economic integration along with three cross-cutting issues: gender equality and
diversity, climate change and environmental sustainability, and institutional capacity and the
rule of law. Each strategic priority of the Bank aligns to at least one of the United Nations
Sustainable Development Goals ("SDGs"), with all goals covered within the Bank's
institutional strategy, which may be adapted from time to time should the United Nations
SDGs definition evolve.

All projects undertaken by the Bank go through the Bank's rigorous sustainability
framework. The framework tracks measurable results, adherence to lending targets and the
effectiveness of its environmental and social safeguards. The Bank's administrative and
operating expenses are currently covered entirely by the Bank's various sources of revenue,
consisting primarily of net interest margin and investment income (as more fully described in
the Bank's Information Statement)."

3. United States Federal Income Tax Matters

The following supplements the discussion under the "Tax Matters" section of the
Prospectus regarding the United States federal income tax treatment of the Notes, and is
subject to the limitations and exceptions set forth therein. Any tax disclosure in the Prospectus
or this Pricing Supplement is of a general nature only, is not exhaustive of all possible tax
considerations and is not intended to be, and should not be construed to be, legal, business or
tax advice to any particular prospective investor. Each prospective investor should consult its
own tax advisor as to the particular tax consequences to it of the acquisition, ownership, and
disposition of the Notes, including the effects of applicable United States federal, state, and
local tax laws and non-United States tax laws and possible changes in tax laws.

A United States holder will generally be taxed on interest on the Notes as ordinary
income at the time such holder receives the interest or when it accrues, depending on the
holder's method of accounting for tax purposes.

Because the Notes are denominated in AUD, a United States holder of the Notes will
generally be subject to special United States federal income tax rules governing foreign
currency transactions, as described in the Prospectus in the last four paragraphs of "--
Payments of Interest", in "--Purchase, Sale and Retirement of the Notes" and in "--Exchange
of Amounts in Other Than U.S. Dollars" under the "United States Holders" section.

Upon a sale or retirement of the Notes, a United States holder will generally recognize
gain or loss equal to the difference, if any, between (i) the U.S. dollar value of the amount
realized on the sale or retirement (other than amounts attributable to accrued but unpaid
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3

interest, which would be treated as the receipt of interest) and (ii) the United States holder's
adjusted tax basis in the Notes. A United States holder's adjusted tax basis in the Notes
generally will equal the U.S. dollar value of the cost of the Notes to the United States holder.
Such gain or loss will be capital gain or loss except to the extent attributable to changes in
exchange rates. Capital gain of individual taxpayers from the sale or retirement of the Notes
held for more than one year may be eligible for reduced rates of taxation. The deductibility of
a capital loss is subject to significant limitations.

Due to a change in law since the date of the Prospectus, the second paragraph of "--
Payments of Interest" under the "United States Holders" section should be updated to read as
follows: "Interest paid by the Bank on the Notes constitutes income from sources outside the
United States and will generally be "passive" income for purposes of computing the foreign tax
credit."

Treasury Regulations Requiring Disclosure of Reportable Transactions. Treasury
regulations require United States taxpayers to report certain transactions that give rise to a loss
in excess of certain thresholds (a "Reportable Transaction"). Under these regulations, because
the Notes are denominated in a foreign currency, a United States holder (or a non-United States
holder that holds the Notes in connection with a U.S. trade or business) that recognizes a loss
with respect to the Notes that is characterized as an ordinary loss due to changes in currency
exchange rates (under any of the rules discussed above or under the "Tax Matters" section of
the Prospectus) would be required to report the loss on IRS Form 8886 (Reportable
Transaction Statement) if the loss exceeds the thresholds set forth in the regulations. For
individuals and trusts, this loss threshold is U.S.$50,000 in any single taxable year. For other
types of taxpayers and other types of losses, the thresholds are higher. Holders should consult
with their tax advisors regarding any tax filing and reporting obligations that may apply in
connection with acquiring, owning and disposing of Notes.

Information with Respect to Foreign Financial Assets. Owners of "specified foreign
financial assets" with an aggregate value in excess of U.S.$50,000 (and in some circumstances,
a higher threshold) may be required to file an information report with respect to such assets
with their tax returns. "Specified foreign financial assets" may include financial accounts
maintained by foreign financial institutions, as well as the following, but only if they are held
for investment and not held in accounts maintained by financial institutions: (i) stocks and
securities issued by non-United States persons, (ii) financial instruments and contracts that
have non-United States issuers or counterparties, and (iii) interests in foreign entities. Holders
are urged to consult their tax advisors regarding the application of this reporting requirement to
their ownership of the Notes.

Medicare Tax. A United States holder that is an individual or estate, or a trust that does
not fall into a special class of trusts that is exempt from such tax, is subject to a 3.8% tax (the
"Medicare tax") on the lesser of (1) the United States holder's "net investment income" (or
"undistributed net investment income" in the case of an estate or trust) for the relevant taxable
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PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 757
AUD 140,000,000 1.30 percent Notes due January 15, 2031

SC1:5254138.3