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| Name | Symbol | Market | Type |
|---|---|---|---|
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
From Jul 2019 to Jul 2024
TIDM42BI
RNS Number : 8016V
Inter-American Development Bank
16 April 2021
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 793
U.S.$50,000,000 0.390 percent Notes due April 16, 2024 (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 April 13, 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.
Hot Features
Premium
1. Series No.: 793
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 16, 2021
5. Form of Notes
(Condition 1(a)): Registered only
6. Authorized Denomination(s)
(Condition 1(b)): U.S. $10,000 and integral multiples
thereof
7. Specified Currency
(Condition 1(d)): United States Dollars (U.S.$) 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): April 16, 2024
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: 0.390 percent per annum
(b) Fixed Rate Interest Payment
Date(s): Semi-annually in arrear on April
16 and October 16 in each year, commencing
on October 16, 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) ISIN: US45818WDD56
(b) CUSIP: 45818WDD5
7. Identity of Dealer(s)/Manager(s): Wells Fargo Securities, LLC
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
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END
IODUNUKRAWUSAAR
(END) Dow Jones Newswires
April 19, 2021 02:00 ET (06:00 GMT)
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