Inter-American Development Bank Issue of Debt (3781G)
November 20 2015 - 12:00PM
UK Regulatory
TIDM42BI
RNS Number : 3781G
Inter-American Development Bank
20 November 2015
PRICING SUPPLEMENT
Inter-American Development Bank
Global Debt Program
Series No: 538
U.S.$575,000,000 Floating Rate Notes due October 15, 2020
Issue Price: 100.000 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
Citigroup
HSBC
The date of this Pricing Supplement is November 17, 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.
1. Series No.: 538
2. Aggregate Principal Amount: U.S.$575,000,000
3. Issue Price: U.S.$575,000,000, which is 100.000
percent of the Aggregate Principal
Amount
4. Issue Date: November 20, 2015
5. Form of Notes
(Condition 1(a)): Registered only, as further
provided in paragraph 10 of
"Other Relevant Terms" below
6. Authorized Denomination(s) U.S.$1,000 and integral multiples
thereof
(Condition 1(b)):
7. Specified Currency United States Dollars (U.S.$
(Condition 1(d)): or USD) being the lawful currency
of the United States of America
8. Specified Principal Payment USD
Currency
(Conditions 1(d) and 7(h)):
9. Specified Interest Payment USD
Currency
(Conditions 1(d) and 7(h)):
10. Maturity Date October 15, 2020
(Condition 6(a)):
11. Interest Basis Variable Interest Rate (Condition
(Condition 5): 5(II))
12. Interest Commencement Date Issue Date (November 20, 2015)
(Condition 5(III)):
13. Variable Interest Rate (Condition
5(II)):
(a) Calculation Amount (if different Not Applicable
than Principal Amount of the
Note):
(b) Business Day Convention: Modified Following Business
Day Convention
(c) Specified Interest Period: Not Applicable
(d) Interest Payment Date: Quarterly in arrear on January
15, April 15, July 15, and October
15, commencing on January 15,
2016, up to and including the
Maturity Date.
Each Interest Payment Date is
subject to adjustment in accordance
with the Modified Following
Business Day Convention.
(e) Reference Rate: 3-Month USD-LIBOR-BBA; provided,
however, that the Reference
Rate applicable to the first
Interest Period shall be determined
by linear interpolation between
1-Month USD-LIBOR-BBA and 2-Month
USD-LIBOR-BBA based on the number
of days in such first Interest
Period.
"1-Month USD-LIBOR-BBA" means
the rate for deposits in USD
for a period of 1 month which
appears on Reuters Screen LIBOR01
(or such other page that may
replace that page on that service
or a successor service) as of
the Relevant Time on the Interest
Determination Date;
"2-Month USD-LIBOR-BBA" means
the rate for deposits in USD
for a period of 2 months which
appears on Reuters Screen LIBOR01
(or such other page that may
replace that page on that service
or a successor service) as of
the Relevant Time on the Interest
Determination Date;
"3-Month USD-LIBOR-BBA" means
the rate for deposits in USD
for a period of 3 months which
appears on Reuters Screen LIBOR01
(or such other page that may
replace that page on that service
or a successor service) as of
the Relevant Time on the Interest
Determination Date;
"Relevant Time" means 11:00
a.m., London time;
"Interest Determination Date"
means the second London Banking
Day prior to the first day of
the relevant Interest Period;
and
"London Banking Day" means a
day on which commercial banks
are open for general business,
including dealings in foreign
exchange and foreign currency
deposits, in London.
If such rate does not appear
on Reuters Screen LIBOR01 (or
such other page that may replace
that page on that service or
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