Inter-American Development Bank Issue of Debt (2970E)

TIDM42BI

RNS Number : 2970E

Inter-American Development Bank

02 November 2015

PRICING SUPPLEMENT

Inter-American Development Bank

Global Debt Program

Series No: 531

U.S.$1,000,000,000 1.25 percent Notes due October 15, 2019

Issue Price: 99.639 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

BNP PARIBAS

J.P. Morgan

Nomura

The date of this Pricing Supplement is October 13, 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from time to time, between the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent, has been superseded by the Uniform Fiscal Agency Agreement, dated as of July 20, 2006 (the "New Fiscal Agency Agreement"), as may be amended, restated, superseded or otherwise modified from time to time, between the Bank and the Federal Reserve Bank of New York, as fiscal and paying agent.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.:   531 
       2.           Aggregate Principal Amount:   U.S.$1,000,000,000 
       3.                          Issue Price:   U.S.$996,390,000 which is 99.639 
                                                   percent of the Aggregate Principal 
                                                   Amount 
       4.                           Issue Date:   October 15, 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    October 15, 2019 
                                Interest Rate): 
      11.                        Interest Basis 
                                 (Condition 5):    Fixed Interest Rate (Condition 
                                                   5(I)) 
      12.            Interest Commencement Date 
                            (Condition 5(III)):    Issue Date (October 15, 2015) 
      13.        Fixed Interest Rate (Condition 
                                         5(I)): 
                             (a) Interest Rate:    1.25 percent per annum 
                        (b) Fixed Rate Interest   Semi-annually in arrear on April 
                               Payment Date(s):    15 and October 15 in each year, 
                                                   commencing on April 15, 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) 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:   Under the provisions of Section 
                             (a) United States:    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     Federal Reserve Bank of New 
                                            the     York; Euroclear Bank S.A./N.V.; 
                     Global Agent and Clearance     Clearstream, Luxembourg 
                                            and 
                         Settlement Procedures: 
 3.                                 Syndicated:   Yes 
 4.                              If Syndicated: 
                                 (a) Liability:   Several and not joint 
                       (b) Joint Lead Managers:   BNP Paribas 
                                                   J.P. Morgan Securities plc 
                                                   Nomura International plc 
 5.                Commissions and Concessions:   0.125% of the Aggregate Principal 
                                                   Amount 

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November 03, 2015 02:00 ET (07:00 GMT)