Inter-American Development Bank Issue of Debt (7463E)
15 March 2022 - 6:00PM
UK Regulatory
TIDM42BI
RNS Number : 7463E
Inter-American Development Bank
14 March 2022
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 825
U.S.$25,000,000 1.78 percent Notes due March 12, 2027 (the
"Notes")
Issue Price: 100.00 percent
No application has been made to list the Notes on any stock
exchange.
Wells Fargo Securities
The date of this Pricing Supplement is March 9, 2022.
Terms used herein shall be deemed to be defined as such for the
purposes of the Terms and Conditions (the "Conditions") set forth
in the Prospectus dated July 28, 2020 (the "Prospectus") (which for
the avoidance of doubt does not constitute a prospectus for the
purposes of Part VI of the United Kingdom ("UK") Financial Services
and Markets Act 2000 or a base prospectus for the purposes of
Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation")
or the Prospectus Regulation as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("EUWA")). This
Pricing Supplement must be read in conjunction with the Prospectus.
This document is issued to give details of an issue by the
Inter-American Development Bank (the "Bank") under its Global Debt
Program and to provide information supplemental to the Prospectus.
Complete information in respect of the Bank and this offer of the
Notes is only available on the basis of the combination of this
Pricing Supplement and the Prospectus.
Terms and Conditions
The following items under this heading "Terms and Conditions"
are the particular terms which relate to the issue the subject of
this Pricing Supplement. Together with the applicable Conditions
(as defined above), which are expressly incorporated hereto, these
are the only terms that form part of the form of Notes for such
issue.
1. Series No.: 825
2. Aggregate Principal Amount: U.S.$ 25,000,000
3. Issue Price: U.S.$25,000,000, which is 100.00
percent of the Aggregate Principal
Amount
4. Issue Date: March 14, 2022
5. Form of Notes
(Condition 1(a)): Registered only
6. New Global Note: Not Applicable
7. Authorized Denomination(s)
(Condition 1(b)): U.S.$10,000 and integral multiples
thereof
8. Specified Currency
(Condition 1(d)): United States Dollars (U.S.$)
being the lawful currency of
the United States of America
9. Specified Principal Payment
Currency
(Conditions 1(d) and 7(h)): U.S.$
10. Specified Interest Payment
Currency U.S.$
(Conditions 1(d) and 7(h)):
11. Maturity Date
(Condition 6(a); Fixed
Interest Rate and Zero Coupon): March 12, 2027
12. Interest Basis
(Condition 5): Fixed Interest Rate (Condition
5(I))
13. Interest Commencement Date
(Condition 5(III)): Issue Date (March 14, 2022)
14. Fixed Interest Rate (Condition
5(I)):
(a) Interest Rate: 1.78 percent per annum
(b) Fixed Rate Interest
Payment Date(s): Semi-annually in arrear on March
12 and September 12 in each
year, commencing on September
12, 2022, 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
15. Relevant Financial Center: New York and London
16. Relevant Business Days: New York and London
17. Issuer's Optional Redemption
(Condition 6(e)): No
18. Redemption at the Option
of the Noteholders (Condition No
6(f)):
19. Governing Law: New York
Other Relevant Terms
1. Listing: None
2. Details of Clearance System
Approved by the Bank and
the
Global Agent and Clearance The Depository Trust Company
and (DTC)
Settlement Procedures:
3. Syndicated: No
4. Commissions and Concessions: None
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: US45818WDL72
(b) CUSIP: 45818WDL7
7. Identity of Dealer: Wells Fargo Securities, LLC
8. Provision for Registered
Notes:
(a) Individual Definitive
Registered Notes Available No
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
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) 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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