Inter-American Dev 94HD Issue of Debt

  Inter-American Dev (94HD) - Issue of Debt

RNS Number : 0382Q
Inter-American Development Bank
31 October 2012








Series No.: 009

Tranche No.: D

Date:  26 October 2012



                       INTER-AMERICAN DEVELOPMENT BANK



                  Australian Dollar Medium Term Note Program

                                      

                                   issue of

                                      

            A$175,000,000 3.75% Medium Term Notes due 25 July 2022

   (to be consolidated and form a single Series with the Issuer's existing
  A$200,000,000 3.75% Medium Term Notes due 25 July 2022, issued on 25 July
  2012, A$200,000,000 3.75% Medium Term Notes due 25 July 2022, issued on 15
August 2012 and A$100,000,000 3.75% Medium Term Notes due 25 July 2022, issued
                            on 24 September 2012)

                                   ("MTNs")

                                      

                                      

             The Program has been rated AAA by Standard & Poor's

                  and Aaa by Moody's Investors Service, Inc.



Each offer to purchase or invitation to buy MTNs must (a) constitute an  offer 
or invitation which does not require disclosure to investors under Parts  6D.2 
or 7.9 of the Corporations Act 2001 of Australia such that the amount  payable 
by  each  person  who  subscribes  for   MTNs  must  be  at  least   A$500,000 
(disregarding moneys lent  by the  offeror or  its associates),  and (b)  must 
comply with  the Banking  (Exemption) Order  No. 82  dated 23  September  1996 
promulgated by the Assistant Treasurer of Australia under the Banking Act 1959
of Australia  ("Banking  Act")  as  if  it  applied  to  the  Issuer,  mutatis 
mutandis. The sale of the MTNs is also subject to other selling  restrictions 
as set  out in  the Information  Memorandum dated  18 December  2009 and  this 
Pricing Supplement.



The Issuer is not  a bank which  is authorised under the  Banking Act 1959  of 
Australia. The  MTNs  are not  the  obligations  of any  government  and,  in 
particular, are not guaranteed by the Commonwealth of Australia.

This Pricing Supplement (as referred to in the Information Memorandum dated 18
December 2009 ("Information Memorandum") and Deed Poll dated 16 July 1999,  as 
amended and  restated  on 18  December  2009,  together the  "Deed  Poll")  in 
relation to the  above Program)  relates to the  Tranche of  MTNs referred  to 
above.



The Terms and Conditions of the MTNs are as  set out on pages 12 to 28 of  the 
Information  Memorandum,  as   supplemented  and  amended   by  this   Pricing 
Supplement. The MTNs are  constituted by the Deed  Poll. Terms used but  not 
defined in this  Pricing Supplement  have the meanings  given to  them in  the 
Information Memorandum.



The most  recent  Information  Statement  incorporated  by  reference  in  the 
Information Memorandum is dated 9 March 2012.



The particulars to be specified in relation to such Tranche are as follows:



1  Description of MTNs:         Fixed Rate MTNs
2  Issuer:                      Inter-American Development Bank
3  Registrar:                   Reserve Bank of Australia
4  Type of Issue:               Underwritten
5  Dealers:                     Deutsche Bank AG,  Sydney Branch  (ABN 13  064 
                                165 162)

                                

                                The Toronto-Dominion Bank

                                
6  Currency:                    

   - of Denomination  Australian dollars

   - of Payment       Australian dollars
7  Aggregate principal amount   A$175,000,000
   of Tranche:
8  If interchangeable with      Yes. To  be consolidated  and form  a  single 
   existing Series:             Series    with    the    Issuer's     existing 
                                A$200,000,000 3.75% Medium  Term Notes due  25 
                                July   2022,   issued   on   25   July   2012, 
                                A$200,000,000 3.75% Medium  Term Notes due  25 
                                July  2022,  issued  on  15  August  2012  and 
                                A$100,000,000 3.75% Medium  Term Notes due  25 
                                July 2022, issued on 24 September 2012.
9  Issue Date:                  30 October 2012
10 Issue Price:                 98.651% of the  Aggregate principal amount  of 
                                the Tranche (plus accrued interest of 97  days 
                                of  A$1,729,000  for  the  period  from,   and 
                                including, 25 July 2012 to, but excluding,  30 
                                October 2012).
11 Denomination:                A$1,000, subject to  the requirement that  the 
                                amount payable by  each person who  subscribes 
                                for MTNs when issued in or transferred  within 
                                Australia must be at least A$500,000.
12 Definition of Business Day:  A day  (other than  a Saturday  or Sunday)  on 
                                which commercial  banks are  open for  general 
                                banking business in Sydney.
13 Interest:

   (a) If Interest
   bearing:
   (i) Interest Rate:   3.75% per annum paid semi-annually in arrear.
   (ii) Interest Amount: A$18.75 per MTN on each Interest Payment Date.
   (iii) Interest        25  January  and   25  July   of  each   year, 
   Payment Dates:               commencing on 25  January 2013  and ending  on 
                                the Maturity Date
   (iv) Interest Period   Interest Payment Dates
   End Dates:
   (v) Applicable        Following
   Business Day Convention:
   - for Interest        As above
   Payment Dates:
   - for Maturity Date:  Unadjusted
   - for Interest Period Unadjusted
   End Dates:
   - any other dates:    As above
   (vi) Day Count         RBA Bond Basis
   Fraction:
   (vii) Interest         25 July 2012
   Commencement Date:
   (viii) Minimum Interest Not applicable
   Rate:
   (ix) Maximum Interest  Not applicable
   Rate:
   (x) Issue Yield:      3.9175% per annum
   (b) If non-interest   
   bearing:
                                Not applicable
   - Amortisation
   Yield:
14 Maturity Date:               25 July 2022
15 Maturity Redemption Amount:  Outstanding Principal Amount
16 Early Termination Amount:    Outstanding Principal Amount
17 Any Clearing System other    Interests in  MTNs traded  in the  Austraclear 
   than Austraclear:            System may  also be  traded through  Euroclear 
                                and Clearstream, Luxembourg.

                                See the section of the Information  Memorandum 
                                entitled "Clearing System" on page 10.
18 Additional Tax Consequences  See the section of the Information  Memorandum 
   and Disclosure:              entitled "Taxation" on pages 33 to 37.
19 Other Conditions:            Not applicable
20 Selling Restrictions:        The Selling  Restrictions are  amended as  set 
                                out  in   the   Schedule   to   this   Pricing 
                                Supplement.
21 Address for Notices (if      Not applicable
   necessary):
22 Listing:                     Not applicable
23 ISIN:                        AU3CB0196921
24 Common Code:                 080854005







CONFIRMED

Inter-American Development Bank





By:  Edward Bartholomew



Title:  Chief Financial Officer and General Manager,

 Finance Department



Date: 26 October 2012

                                   SCHEDULE

                                      

The European Economic Area selling restriction set  out on pages 39 and 40  of 
the Information Memorandum is deleted and replaced with the following:



"European Economic Area

Unless otherwise stated in this "Selling Restrictions" section, in relation to
each Member  State of  the  European Economic  Area  ("EEA State")  which  has 
implemented the  Prospectus Directive  (each, a  "Relevant EEA  State"),  each 
Dealer has represented and agreed, and  each further Dealer under the  Program 
will be required to represent and  agree, that with effect from and  including 
the date on which the Prospectus Directive is implemented in that Relevant EEA
State (the "Relevant Implementation Date") it  has not made and will not  make 
an offer of MTNs which  are the subject of  the offering contemplated by  this 
Information Memorandum  as completed  by the  Pricing Supplement  in  relation 
thereto to the public  in that Relevant  EEA State, except  that it may,  with 
effect from and including the Relevant  Implementation Date, make an offer  of 
such MTNs to the public in that Relevant EEA State:

(a) at any time to any legal  entity which is a qualified investor  as 
defined in the Prospectus Directive;

(b) at any time to  fewer than 100 or, if  the Relevant EEA State  has 
implemented the relevant  provision of  the 2010 PD  Amending Directive,  150, 
natural or legal  persons (other than  qualified investors as  defined in  the 
Prospectus Directive) subject to obtaining  the prior consent of the  relevant 
Dealer or Dealers nominated by the Issuer for any such offer; or

(c) at any time in any other circumstances falling within Article 3(2)
of the Prospectus Directive,

provided that no  such offer of  MTNs referred to  in (a) to  (c) above  shall 
require the Issuer or any Dealer to publish a prospectus pursuant to Article 3
of the Prospectus Directive or supplement a prospectus pursuant to Article  16 
of the Prospectus Directive.

For the purposes of this provision, the  expression an "offer of Notes to  the 
public" in  relation  to  any  MTNs  in  any  Relevant  EEA  State  means  the 
communication in any form  and by any means  of sufficient information on  the 
terms of the offer and the MTNs to  be offered so as to enable an investor  to 
decide to purchase or subscribe  the MTNs, as the same  may be varied in  that 
EEA State by  any measure implementing  the Prospectus Directive  in that  EEA 
State and  the expression  "Prospectus Directive"  means Directive  2003/71/EC 
(and amendments  thereto, including  the 2010  PD Amending  Directive, to  the 
extent implemented  in the  Relevant  EEA State),  and includes  any  relevant 
implementing measure in each Relevant EEA  State, and the expression "2010  PD 
Amending Directive" means Directive 2010/73/EU."

The Japan selling restriction set out on page 40 of the Information Memorandum
is deleted and replaced with the following:



"Japan

The MTNs  have  not  been and  will  not  be registered  under  the  Financial 
Instruments and  Exchange  Act  of  Japan (Act  No.25  of  1948,  as  amended) 
("Financial Instruments and Exchange Act")  and, accordingly, each Dealer  has 
represented and agreed, and each further Dealer appointed under the  Programme 
will be required to  represent and agree, that,  unless an applicable  Pricing 
Supplement (or another  supplement to this  Information Memorandum)  otherwise 
provides, it  has not  offered or  sold nor  will it  offer or  sell any  MTNs 
directly or indirectly, in Japan or to, or for the benefit of, any resident of
Japan (as defined under Item 5, Paragraph 1, Article 6 of the Foreign Exchange
and Foreign Trade  Act (Act No.  228 of 1949,  as amended)) or  to others  for 
re-offering or resale, directly or indirectly, in Japan or for the benefit  of 
a resident in  Japan, except pursuant  to an exemption  from the  registration 
requirements of, and otherwise in  compliance with, the Financial  Instruments 
and Exchange Act and  any other applicable  laws, regulations and  ministerial 
guidelines of Japan."

The Singapore  selling  restriction  set  out  on  pages  41  and  42  of  the 
Information Memorandum is deleted and replaced with the following:



"Singapore

The Information Memorandum has  not been registered as  a prospectus with  the 
Monetary Authority of Singapore under the Securities and Futures Act,  Chapter 
289 of Singapore, as amended ("SFA").

Each Dealer  has represented  and agreed,  and each  further Dealer  appointed 
under the Programme will be required  to represent and agree, that, unless  an 
applicable Pricing  Supplement  (or  another supplement  to  this  Information 
Memorandum) otherwise  provides,  the  Information Memorandum  and  any  other 
document or material in connection with  the offer or sale, or invitation  for 
subscription or purchase, of the MTNs has not been and will not be  circulated 
or distributed by it nor have the MTNs been, nor will the MTNs be, offered  or 
sold by it, or be made subject  to an invitation for subscription or  purchase 
by it, whether directly or indirectly to persons in Singapore other than:

(a) to an institutional investor under Section 274 of the SFA;

(b) to a relevant person pursuant to  Section 275(1) of the SFA, or  to 
any person pursuant to Section 275(1A) of the SFA, and in accordance with  the 
conditions specified in Section 275 of the SFA; or

(c) otherwise pursuant to,  and in accordance  with the conditions  of, 
any other applicable provision of the SFA.

Where the Notes are subscribed or purchased in reliance of an exemption  under 
Section 274 or 275 of the SFA, the  Notes shall not be sold within the  period 
of 6 months from the date of  the initial acquisition of the Notes, except  to 
any of the following persons:

(A) an institutional investor (as defined in Section 4A of the SFA);

(B) a relevant person (as defined in Section 275(2) of the SFA); or

(C) any person pursuant to an  offer referred to in Section 275(1A)  of 
the SFA,

unless  expressly  specified  otherwise  in  Section  276(7)  of  the  SFA  or 
Regulation 32 of the  Securities and Futures  (Offers of Investments)  (Shares 
and Debentures) Regulations 2005 of Singapore.

Where the Notes are subscribed or purchased under Section 275 of the SFA by  a 
relevant person which is:

(1) a corporation (which is not  an accredited investor (as defined  in 
Section 4A of the SFA)) the sole business of which is to hold investments  and 
the entire share capital of which is owned by one or more individuals, each of
whom is an accredited investor; or

(2) a trust  (where the trustee  is not an  accredited investor)  whose 
sole purpose is to hold  investments and each beneficiary  of the trust is  an 
individual who is an accredited investor,

that securities (as defined in Section 239(1) of the SFA) of that  corporation 
or the beneficiaries' rights and interest (howsoever described) in that  trust 
shall not be  transferred within  six months  after that  corporation or  that 
trust has acquired the MTNs pursuant to an offer made under Section 275 of the
SFA except:

(i) to an institutional investor (under Section 274 of the SFA) or  to 
a relevant person (as defined in Section 275(2) of the SFA) and in  accordance 
with the conditions specified in Section 275 of the SFA;

(ii) (in the case of a  corporation) where the transfer arises from  an 
offer referred to  in Section 276(3)(i)(B)  of the SFA  or (in the  case of  a 
trust) where  the  transfer  arises  from an  offer  referred  to  in  Section 
276(4)(i)(B) of the SFA;

(iii) where no consideration is, or will be, given for the transfer;

(iv) where the transfer is by operation of law;

(v) as specified in Section 276(7) of the SFA; or

(vi) as  specified  in Regulation  32  of the  Securities  and  Futures 
(Offers  of  Investments)   (Shares  and  Debentures)   Regulations  2005   of 
Singapore."



                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


IODUARRRUVAROUA -0- Nov/01/2012 07:00 GMT
 
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