TIDM42BI
RNS Number : 0143Z
Inter-American Development Bank
09 September 2022
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 842
AUD 40,000,000 4.362 percent Notes due September 9, 2037 (the
"Notes")
Issue Price: 100.00 percent.
No application has been made to list the Notes on any stock
exchange.
Daiwa Capital Markets America Inc.
The date of this Pricing Supplement is September 6, 2022.
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.: 842
2. Aggregate Principal Amount: AUD 40,000,000
3. Issue Price: AUD 40,000,000, which is 100.00
percent of the Aggregate Principal
Amount
4. Issue Date: September 9, 2022
5. Form of Notes
(Condition 1(a)): Registered only
6. Authorized Denomination(s) AUD 1,000,000 and integral multiples
thereof
(Condition 1(b)):
7. Specified Currency Australian Dollar (AUD) being
(Condition 1(d)): the lawful currency of the Commonwealth
of Australia
8. Specified Principal Payment AUD
Currency
(Conditions 1(d) and 7(h)):
9. Specified Interest Payment AUD
Currency
(Conditions 1(d) and 7(h)):
10. Maturity Date September 9, 2037
(Condition 6(a); Fixed Interest
Rate and Zero Coupon):
11. Interest Basis
(Condition 5): Fixed Interest Rate (Condition
5(I))
12. Interest Commencement Date
(Condition 5(III)): Issue Date (September 9, 2022)
13. Fixed Interest Rate (Condition
5(I)):
(a) Interest Rate: 4.362 percent per annum
(b) Fixed Rate Interest Payment Semi-annually in arrear on March
Date(s): 9 and September 9 in each year,
commencing on March 9, 2023,
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: Sydney, New York
15. Relevant Business Day: Sydney, New York
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
Stock None
Exchange):
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
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: 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: 252833170
(b) ISIN: XS2528331700
(c) SEDOL: BN4M3F8
7. Identity of Dealer(s)/Manager(s): Daiwa Capital Markets America
Inc.
8. Provisions 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.
9. Intended to be held in a
manner which would allow Eurosystem
eligibility: Not Applicable
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) 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
* 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) 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).
(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.
General Information
Additional Information Regarding the Notes
1. Use of Proceeds
The net proceeds from the sale of the Notes will be included in
the ordinary capital 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).
INTER-AMERICAN DEVELOPMENT BANK
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END
IODUKUURURUKRUR
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