REG - Inter-American Dev - Issue of Debt

Deutsche Boerse AGAnnouncement

12/04/2021 08:05

RNS Number : 0550V
  
Inter-American Development Bank
  
10 April 2021
  
 

 
 
PRICING SUPPLEMENT
 
Inter-American Development Bank



Global Debt Program

 
Series No: 792
 


U.S.$50,000,000 0.775 percent Notes due July 9, 2025 (the "Notes") 



 
Issue Price: 100.00 percent.
 
 
No application has been made to list the Notes on any stock exchange.
 
 
BMO Capital Markets 




 
 
The date of this Pricing Supplement is April 6, 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.:


792




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:


April 9, 2021




5.         Form of Notes

(Condition 1(a)):


 
Registered only




6.         Authorized Denomination(s)

(Condition 1(b)):


 
U.S.$40,000 and integral multiples thereof




7.         Specified Currency

(Condition 1(d)):


 
United States Dollars (U.S.$) being the lawful currency of the United States of America 
 




8.         Specified Principal Payment Currency

(Conditions 1(d) and 7(h)):


 
 
U.S.$




9.         Specified Interest Payment Currency

(Conditions 1(d) and 7(h)):


 
U.S.$




10.       Maturity Date

(Condition 6(a); Fixed Interest Rate and Zero Coupon):


 
 
July 9, 2025




11.       Interest Basis

(Condition 5):


 
Fixed Interest Rate (Condition 5(I)) 




12.       Interest Commencement Date (Condition 5(III)):


 
Issue Date




13.       Fixed Interest Rate (Condition 5(I)):


 




(a)        Interest Rate:


0.775 percent per annum




(b)        Fixed Rate Interest Payment Date(s):


 
Semi-annually in arrear on January 9 and July 9 in each year, commencing with a short first coupon on July 9, 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 (Condition 6(e)):


 
No




17.       Redemption at the Option of the Noteholders (Condition 6(f)):


 
No




18.       Governing Law:


New York




Other Relevant Terms




1.         Listing (if yes, specify Stock

Exchange):


 
None




2.         Details of Clearance System Approved by the Bank and the Global Agent and Clearance and Settlement Procedures:


 
 
 
The Depository Trust Company (DTC); Euroclear Bank SA/NV and/or Clearstream
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)        Common Code:


233026611




(b)        ISIN:


US45818WDC73




(c)        CUSIP:


45818WDC7




7.         Identity of Dealer(s)/Manager(s):


BMO Capital Markets Corp.




8.         Provisions for Registered Notes:


 




(a)        Individual Definitive Registered Notes Available on Issue Date:


 
 
No




(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 Notes:


 
No




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 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 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
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
IODURURRASUSARR