Inter-American Development Bank Issue of Debt (5811X)

TIDM42BI

RNS Number : 5811X

Inter-American Development Bank

31 August 2015

PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No.: 460

Tranche No.: 2

U.S.$100,000,000 2.125 percent Notes due November 9, 2020 (the "Notes") as from August 18, 2015 to be consolidated and form a single series with the Bank's U.S.$2,000,000,000 2.125 percent Notes due November 9, 2020, issued on November 8, 2013 (the "Series 460 Tranche 1 Notes")

Issue Price: 102.166 percent plus 99 days' accrued interest

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

Regulated Market

BNP PARIBAS

The date of this Pricing Supplement is August 14, 2015.

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 January 8, 2001 (the "Prospectus") (which for the avoidance of doubt does not constitute a prospectus for the purposes of Part VI of the United Kingdom Financial Services and Markets Act 2000 or a base prospectus for the purposes of Directive 2003/71/EC of the European Parliament and of the Council). 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. These are the only terms which form part of the form of Notes for such issue. The master fiscal agency agreement, dated as of December 7, 1962, as amended and supplemented from time to time, between the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent, has been superseded by the Uniform Fiscal Agency Agreement, dated as of July 20, 2006 (the "New Fiscal Agency Agreement"), as may be amended, restated, superseded or otherwise modified from time to time, between the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent. All references to the "Fiscal Agency Agreement" under the heading "Terms and Conditions of the Notes" and elsewhere in the Prospectus shall be deemed references to the New Fiscal Agency Agreement.

 
       1.                           Series No.:   460 
                                   Tranche No.:    2 
       2.           Aggregate Principal Amount:   U.S.$100,000,000 
                                                   As from the Issue Date, the Notes 
                                                   will be consolidated and form a 
                                                   single series with the Series 460 
                                                   Tranche 1 Notes. 
       3.                          Issue Price:   U.S.$102,750,375, which amount 
                                                   represents the sum of (a) 102.166 
                                                   percent of the Aggregate Principal 
                                                   Amount plus (b) the amount of U.S.$584,375 
                                                   representing 99 days' accrued interest, 
                                                   inclusive. 
       4.                           Issue Date:   August 18, 2015 
       5.                         Form of Notes 
                              (Condition 1(a)):    Book-entry only (not exchangeable 
                                                   for Definitive Fed Registered Notes, 
                                                   Conditions 1(a) and 2(b) notwithstanding) 
       6.            Authorized Denomination(s) 
                              (Condition 1(b)):    Book-entry only, U.S.$1,000 and 
                                                    integral multiples thereof 
       7.                    Specified Currency 
                              (Condition 1(d)):    United States Dollars (U.S.$) 
                                                   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    U.S.$ 
                    (Conditions 1(d) and 7(h)): 
      10.                         Maturity Date 
                         (Condition 6(a); Fixed    November 9, 2020 
                                Interest Rate): 
      11.                        Interest Basis 
                                 (Condition 5):    Fixed Interest Rate (Condition 
                                                   5(I)) 
      12.            Interest Commencement Date 
                            (Condition 5(III)):    May 9, 2015 
      13.        Fixed Interest Rate (Condition 
                                         5(I)): 
                             (a) Interest Rate:    2.125 percent per annum 
                        (b) Fixed Rate Interest 
                               Payment Date(s):     Semi-annually in arrear on May 
                                                    9 and November 9 in each year, 
                                                    commencing on November 9, 2015. 
 
                                                    Each Interest Payment Date is subject 
                                                    to adjustment in accordance with 
                                                    the Following Business Day Convention 
                                                    with no adjustment to the amount 
                                                    of interest otherwise calculated. 
                     (c) Initial Broken Amount:   Not Applicable 
                       (d) Fixed Rate Day Count 
                                   Fraction(s):     30/360 
      14.            Relevant Financial Center:   New York and London 
      15.               Relevant Business Days:   New York and London 
      16.          Issuer's Optional Redemption 
                              (Condition 6(e)):    No 
      17.              Redemption at the Option 
                  of the Noteholders (Condition    No 
                                         6(f)): 
      18.                        Governing Law:   New York 
      19.                 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 United Kingdom. 
                                   (c) 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. 
 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 Regulated 
                                                   Market 
 2.                 Details of Clearance System 
                       Approved by the Bank and 
                                            the 
                     Global Agent and Clearance     Federal Reserve Bank of New York; 

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September 01, 2015 02:02 ET (06:02 GMT)