Inter-American Development Bank Issue of Debt (9200C)
June 24 2021 - 2:00AM
UK Regulatory
TIDM42BI
RNS Number : 9200C
Inter-American Development Bank
24 June 2021
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 800
U.S.$50,000,000 0.80 percent Notes due June 17, 2026 (the
"Notes")
Issue Price: 100.00 percent.
No application has been made to list the Notes on any stock
exchange.
Wells Fargo Securities
The date of this Pricing Supplement is June 14, 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.
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.: 800
2. Aggregate Principal Amount: U.S.$50,000,000
3. Issue Price: U.S.$50,000,000, which is 100.00
percent of the Aggregate Principal
Amount
4. Issue Date: June 17, 2021
5. Form of Notes Registered only
(Condition 1(a)):
6. Authorized Denomination(s) U.S. $10,000 and integral multiples
thereof
(Condition 1(b)):
7. Specified Currency United States Dollars (U.S.$)
(Condition 1(d)): being the lawful currency of
the United States of America
8. Specified Principal Payment U.S.$
Currency
(Conditions 1(d) and 7(h)):
9. Specified Interest Payment U.S.$
Currency
(Conditions 1(d) and 7(h)):
10. Maturity Date June 17, 2026
(Condition 6(a); Fixed Interest
Rate and Zero Coupon):
11. Interest Basis Fixed Interest Rate (Condition
(Condition 5): 5(I))
12. Interest Commencement Date
(Condition 5(III)): Issue Date
13. Fixed Interest Rate (Condition
5(I)):
(a) Interest Rate: 0.80 percent per annum
(b) Fixed Rate Interest Payment Semi-annually in arrear on June
Date(s): 17 and December 17 in each year,
commencing on December 17, 2021,
up to and including the Maturity
Date.
Each Fixed Rate Interest Payment
Date is subject to the Business
Day Convention, but with no adjustment
to the amount of interest otherwise
calculated.
(c) Business Day Convention: Following Business Day Convention
(d) Fixed Rate Day Count Fraction(s): 30/360
14. Relevant Financial Center: New York and London
15. Relevant Business Day: New York and London
16. Issuer's Optional Redemption No
(Condition 6(e)):
17. Redemption at the Option No
of the Noteholders (Condition
6(f)):
18. Governing Law: New York
Other Relevant Terms
1. Listing (if yes, specify None
Stock
Exchange):
2. Details of Clearance System The Depository Trust Company
Approved by the Bank and the (DTC); Euroclear Bank SA/NV and/or
Global Agent and Clearance and Clearstream
Settlement Procedures: Banking S.A.
3. Syndicated: No
4. Commissions and Concessions: 0.02 percent of the Aggregate
Principal Amount
5. Estimated Total Expenses: The Dealer has agreed to pay
for all material expenses related
to the issuance of the Notes.
6. Codes:
(a) ISIN: US45818WDH60
(b) CUSIP: 45818WDH6
7. Identity of Dealer(s)/Manager(s): Wells Fargo Securities, LLC
8. Provisions for Registered
Notes:
(a) Individual Definitive Registered No
Notes Available on Issue Date:
(b) DTC Global Note(s): 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.
(c) Other Registered Global No
Notes:
9. Intended to be held in a Not Applicable
manner which would allow Eurosystem
eligibility:
10. 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 (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.
(c) 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).
(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.
INTER-AMERICAN DEVELOPMENT BANK
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