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Name | Symbol | Market | Type |
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Inter 2042 | LSE:42BI | London | Medium Term Loan |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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TIDM42BI
RNS Number : 5813X
Inter-American Development Bank
31 August 2015
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 524
U.S.$2,000,000,000 1.125 percent Notes due August 28, 2018
Issue Price: 99.888 percent
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
BofA Merrill Lynch
Credit Suisse
Goldman Sachs International
TD Securities
BMO Capital Markets Corp.
BNP PARIBAS
Citigroup
Crédit Agricole
Deutsche Bank
HSBC
J.P. Morgan
Morgan Stanley
Nomura
The Royal Bank of Scotland
The date of this Pricing Supplement is August 26, 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from time to time, between the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent, has been superseded by the Uniform Fiscal Agency Agreement, dated as of July 20, 2006 (the "New Fiscal Agency Agreement"), as may be amended, restated, superseded or otherwise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.: 524 2. Aggregate Principal Amount: U.S.$2,000,000,000 3. Issue Price: U.S.$1,997,760,000 which is 99.888 percent of the Aggregate Principal Amount 4. Issue Date: August 28, 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)): 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 August 28, 2018 Interest Rate): 11. Interest Basis (Condition 5): Fixed Interest Rate (Condition 5(I)) 12. Interest Commencement Date (Condition 5(III)): Issue Date (August 28, 2015) 13. Fixed Interest Rate (Condition 5(I)): (a) Interest Rate: 1.125 percent per annum (b) Fixed Rate Interest Semi-annually in arrear on February Payment Date(s): 28 and August 28 in each year, commencing on February 28, 2016. 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: Each of the Managers 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, each of the Managers 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; and Euroclear Bank S.A./N.V.; Clearstream, Settlement Procedures: Luxembourg 3. Syndicated: Yes 4. If Syndicated: (a) Liability: Several and not joint (b) Joint Lead Managers: Credit Suisse Securities (Europe) Limited
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