Obligation Interamerican Development Bank 5.7% ( XS2405329132 ) en INR

Interamerican Development Bank

100 % ⇌

Etats-unis

XS2405329132 ( en INR )

5.7% par an ( paiement annuel )

12/11/2024 - Obligation échue

Prospectus brochure de l'obligation Inter-American Development Bank (IDB) XS2405329132 en INR 5.7%, 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 INR, avec le code ISIN XS2405329132, paye un coupon de 5.7% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 12/11/2024

EXECUTION VERSION

PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No.: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024 (the "Notes")
payable in United States Dollars
Issue Price: 100.811 percent

Application has been made for the Notes to be admitted to the
Official List of the United Kingdom Listing Authority and
to trading on the London Stock Exchange plc's
UK Regulated Market

J.P. Morgan

The date of this Pricing Supplement is as of November 9, 2021
PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.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 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.
UK MiFIR product governance / Retail investors, professional investors and ECPs
target market See "General Information--Additional Information Regarding the Notes--
Matters relating to UK MiFIR" 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. Together with the applicable
Conditions (as defined above), which are expressly incorporated hereto, these are the only
terms that form part of the form of Notes for such issue.
1. Series No.:
814
2. Aggregate Principal Amount:
INR 3,825,000,000
3. Issue Price:
INR 3,856,020,750, which is 100.811 percent
of the Aggregate Principal Amount.

The Issue Price will be payable in USD in the
amount of USD 51,516,643.29 at the agreed
rate of 74.85 INR per one USD.

4. Issue Date:
November 12, 2021
5. Form of Notes
Registered only
(Condition 1(a)):
6. Authorized Denomination(s)

(Condition 1(b)):
INR 1,000,000 and integral multiples thereof

-2-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

7. Specified Currency

(Condition 1(d)):
The lawful currency of the Republic of India
("Indian Rupee" or "INR"), 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

and Zero Coupon):
November 12, 2024; provided that if the Rate
Fixing Date (as defined below) for the
scheduled Maturity Date is postponed due to an
Unscheduled Holiday (as defined below), then
the Maturity Date shall be the next following
relevant Fixing Business Day, subject to the
provisions in respect of any Unscheduled
Holiday set out below under "Deferral Period
for Unscheduled Holiday".

11. Interest Basis

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

(Condition 5(III)):
Issue Date (November 12, 2021)

13. Fixed Interest Rate (Condition 5(I)):
Condition 5(I) as amended and supplemented

below, shall apply to the Notes.

(a) Interest Rate:
5.70 percent per annum

(b) Fixed Rate Interest Payment

Date(s):
Annually on each November 12, commencing
on November 12, 2022 and ending on, and
including, the Maturity Date (subject, in each
case, to the provisions set forth in the Fallback
Provision).

Each Fixed Rate Interest Payment Date is
subject to the Business Day Convention, but

-3-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

with no adjustment to the amount of interest
otherwise calculated.

(c) Interest Period:
Each period from and including each Fixed
Rate Interest Payment Date to but excluding the

next following Fixed Rate Interest Payment

Date, provided that the initial Interest Period

will commence on and include the Interest

Commencement Date, 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 below.
As soon as practicable and in accordance with
the procedure specified herein, the Calculation
Agent will determine the Reference Rate (as
defined below) and calculate the Interest
Amount with respect to each minimum
Authorized Denomination for the relevant
Interest Period.
The Interest Amount with respect to each
Interest Period shall be a USD amount
calculated on the relevant Rate Fixing Date (as
defined below) as follows:
INR 57,000 per minimum Authorized
Denomination
divided by
the Reference Rate

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

The "Reference Rate" means in respect of a
Rate Fixing Date, the USD/INR spot exchange
rate for such date expressed as the amount of
INR per one USD, for settlement in two Fixing
Business Days, reported by Financial
Benchmarks India, Private Ltd (the "FBIL")
(https:www.fbil.org.in) on such Rate Fixing

-4-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

Date at approximately 1:30 p.m. Mumbai time,
or as soon as practicable thereafter. If the
Reference Rate does not appear on the FBIL's
website (https:www.fbil.org.in) or on any
successor page on the Rate Fixing Date, then
the Reference Rate shall be determined by the
Calculation Agent in accordance with the
Fallback Provision.
"Rate Fixing Date" means the Scheduled Rate
Fixing Date.
"Scheduled Rate Fixing Date" means the date
which is five Fixing Business Days prior to
each Interest Payment Date or the Maturity
Date, or such other date on which an amount in
respect of the Notes is due and payable, as the
case may be. If any Scheduled Rate Fixing
Date is an Unscheduled Holiday (as defined
below), the relevant Rate Fixing Date shall be
the next following relevant Fixing Business
Day, subject to the provisions in respect of any
Unscheduled Holiday set out below under
"Deferral Period for Unscheduled Holiday".
"Fixing Business Day" means a day (other than
a Saturday or a Sunday) on which commercial
banks and foreign exchange markets settle
payments and are open for general business
(including dealings in foreign exchange and
foreign currency deposits) in Mumbai.
"Unscheduled Holiday" means a day that is not
a Fixing Business Day and the market was not
aware of such fact (by means of a public
announcement or by reference to other publicly
available information) until a time later than
9:00 a.m. local time in Mumbai, two Fixing
Business Days prior to the relevant Rate Fixing
Date.
Adjustments to Interest Payment Date and
Maturity Date:
If a Scheduled Rate Fixing Date is adjusted in
accordance with the Following Business Day

-5-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

Convention, then the Interest Payment Date or
Maturity Date relating to such Scheduled Rate
Fixing Date shall be as soon as practicable, but
in no event later than two (2) Relevant Business
Days after the date on which the Reference Rate
for such Interest Payment Date or Maturity
Date is determined.
If any Interest Payment Date or Maturity Date
is adjusted in accordance with the preceding
sentence, then such adjustment (and the
corresponding payment obligations to be made
on such dates) shall apply only to such Interest
Payment Date or Maturity Date and no further
adjustment shall apply to the amount of interest
or principal payable.
In no event shall an adjustment of any Interest
Payment Date or Maturity Date in accordance
with the preceding paragraphs result in such
Interest Payment Date or Maturity Date falling
prior to the date on which such Interest
Payment Date or Maturity Date was originally
due to fall or any further interest or other
additional payment in respect of any such
adjustment.
Fallback Provision:
If the Reference Rate does not appear on the
FBIL's website (https:www.fbil.org.in) or on
any successor page on the Rate Fixing Date,
then the Reference Rate for such Rate Fixing
Date shall be determined by the Calculation
Agent by requesting quotations for the mid
USD/INR spot foreign exchange rate from five
Reference Banks as selected by the Calculation
Agent at or about 1:30 p.m. Mumbai time on
either (i) 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) if
the first day (other than a Saturday or a Sunday)
following the Rate Fixing Date is not a
Relevant Business Day, the Rate Fixing Date.

-6-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

If five or four quotations are provided as
requested, the Reference Rate will be the
arithmetic mean (rounded to the nearest whole
Indian Rupee, 0.05 being rounded upwards) of
the remaining three or two such quotations, as
the case may be, for such rate provided by the
Reference Banks, after disregarding the highest
such quotation and the lowest such quotation
(provided that, if two or more such quotations
are the highest such quotations, then only one
of such quotations shall be disregarded, and if
one or more such quotations are the lowest
quotations, then only one of such lowest
quotations will be disregarded).
If only three or two such quotations are
provided as requested, the Reference Rate shall
be determined as described above except that
the highest and lowest quotations will not be
disregarded.

If only one or no such quotations are provided
as requested, or if the Calculation Agent
determines in its sole discretion that no suitable
Reference Banks active in the USD/INR
currency or foreign exchange markets will
provide quotes, the Calculation Agent shall be
entitled to calculate the Reference Rate acting
in good faith and in a commercially reasonable
manner, having taken into account relevant
market practice, by reference to such additional
sources as it deems appropriate; and in such
case the Calculation Agent shall notify the
Issuer and the Global Agent as soon as
reasonably practicable that the Reference Rate
is to be so determined.
Where:
"Calculation Agent" means JPMorgan Chase
Bank, N.A., or its duly appointed successor.
"Deferral Period for Unscheduled Holiday"
means that in the event any Scheduled Rate
Fixing Date is postponed due to the occurrence
of an Unscheduled Holiday, and if the Rate

-7-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

Fixing Date in respect thereof has not occurred
on or before the 14th calendar day after the
Scheduled Rate Fixing Date (any such period
being a "Deferral Period"), then the next day
after the Deferral Period that would have been a
Fixing Business Day but for the Unscheduled
Holiday, shall be deemed to be the Rate Fixing
Date.
"Reference Banks" means leading dealers,
banks or banking corporations which regularly
deal in the INR/USD exchange market, as
selected by the Calculation Agent in its sole
discretion, acting in good faith and in a
commercially reasonable manner

(d) Business Day Convention:
Following Business Day Convention

(e) Fixed Rate Day Count

Fraction(s):
Actual/Actual (ICMA)
14. Relevant Financial Center:
London, Mumbai and New York
15. Relevant Business Day:
London, Mumbai and New York
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 on the Rate Fixing Date with respect to
the Maturity Date as follows:

minimum Authorized Denomination
divided by
the Reference Rate

(and rounding, if necessary, the entire resulting
figure to the nearest 2 decimal places, with
USD 0.005 being rounded upwards).

If payment of the Redemption Amount occurs
later than on the scheduled Maturity Date in the
event of any postponement described herein, no
accrued interest shall be payable in respect of
such period of postponement following the
scheduled Maturity Date.

-8-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.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 (Condition 6(a))" 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 (5)
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
Other Relevant Terms

1. Listing:
Application has been made for the Notes to be
admitted to the Official List of the United
Kingdom Listing Authority and to trading on
the London Stock Exchange plc's UK
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/or Clearstream
Banking, S.A.
3. Syndicated:
No

-9-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2

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 Expense:
The Dealer has agreed to pay for all material
expenses related to the issuance of the Notes,
except the Issuer will pay for the London Stock
Exchange listing fees, if applicable.
6. Codes:

(a) Common Code:
240532913

(b) ISIN:
XS2405329132
6. Identity of Dealer:
J.P. Morgan Securities plc

7. Provision for Registered Notes:

(a) Individual Definitive Registered

Notes Available on Issue Date:
No

(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, between the Bank,
Citibank, N.A., London Branch as Global
Agent, and the other parties thereto.
8. Intended to be held in a manner

which would allow Eurosystem
eligibility:
Not Applicable
9. 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.

-10-

PRICING SUPPLEMENT
Inter-American Development Bank Global Debt Program Series No: 814
INR 3,825,000,000 5.70 percent Notes due November 12, 2024

4867-9692-6977 v.2