Obligation African Development Bank 0.2425% ( XS2155367266 ) en SEK

African Development Bank

100 % ⇌

Cote d'Ivoire

XS2155367266 ( en SEK )

0.2425% par an ( paiement annuel )

14/04/2023 - Obligation échue

Prospectus brochure de l'obligation African Development Bank XS2155367266 en SEK 0.2425%, échue

2 000 000 SEK

2 000 000 000 SEK

La Banque africaine de développement (BAD) est une institution financière de développement multilatérale qui ?uvre à réduire la pauvreté et à améliorer les conditions de vie en Afrique en finançant des projets de développement économique et social.

L'Obligation émise par African Development Bank ( Cote d'Ivoire ) , en SEK, avec le code ISIN XS2155367266, paye un coupon de 0.2425% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 14/04/2023

Pricing Supplement dated 8 April 2020
AFRICAN DEVELOPMENT BANK
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer
Issue of SEK 500,000,000 0.2425 per cent. Fixed Rate Notes due 14 April 2023
(to be consolidated and form a single Series with the existing SEK 2,000,000,000 0.2425 per cent.
Fixed Rate Notes due 14 April 2023 issued on 14 April 2020) (the "Notes")
This document constitutes the Pricing Supplement relating to the issue of Notes described herein. This
Pricing Supplement constitutes Final Terms for the purposes of listing and trading Notes on the Regulated
Market of the Luxembourg Stock Exchange and the London Stock Exchange plc. Terms used herein
shall be deemed to be defined as such for the purposes of the Conditions set forth in the Information
Memorandum dated 8 September 2009, as supplemented by the Supplemental Information Memorandum
dated 16 January 2017 (as so supplemented, the Information Memorandum). This Pricing Supplement
contains the final terms of the Notes and must be read in conjunction with such Information
Memorandum.

MiFID II product governance / Retail investors, professional investors and eligible counterparties 
See Paragraph 39 below.
1.
Issuer:
African Development Bank
2.
(a)
Series Number:
958
(b)
Tranche Number:
2
The Notes will be immediately fungible and form a
single Series with the SEK 2,000,000,000 0.2425 per
cent. Notes due 14 April 2023 issued on 14 April 2020.
3.
Specified Currency or Currencies:
Swedish kronor ("SEK")
4.
Aggregate Nominal Amount:

(a)
Series:
SEK 2,500,000,000
(b)
Tranche:
SEK 500,000,000
5.
(a)
Issue Price:
99.981 per cent. of the Aggregate Nominal Amount
(b)
Net proceeds:
SEK 499,605,000 (net of fees).
6.
Specified Denominations:
SEK 2,000,000 plus integral multiples of SEK 1,000,000
in excess thereof.
7.
(a)
Issue Date:
14 April 2020
(b)
Interest Commencement Date:
Issue Date

8.
Maturity Date:
14 April 2023
9.
Interest Basis:
0.2425 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment
Not Applicable
Basis:
12.
Put/Call Options:
Not Applicable
13.
Status of the Notes:
Senior
14.
Listing and Trading:
The regulated market of the Luxembourg Stock
Exchange and the London Stock Exchange plc for the
purposes of Directive 2004/39/EC on Markets in
Financial Instruments
15.
Method of distribution:
Non-syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Note Provisions
Applicable
(a)
Rate of Interest:
0.2425 per cent. per annum payable in arrear
(b)
Interest Payment Date(s):
14 April in each year, from and including 14 April 2021
up to and including the Maturity Date, subject in the
case of payment only to adjustment in accordance with
the Following Business Day Convention. No adjustment
will be made to the Fixed Coupon Amount.
(c)
Fixed Coupon Amount:
SEK 4,850 per Specified Denomination
(d)
Broken Amount(s):
Not Applicable
(e)
Day Count Fraction:
30/360
(f)
Determination Date(s):
Not Applicable
(g)
Other terms relating to the method of
Not Applicable
calculating interest for Fixed Rate
Notes:
17.
Floating Rate Note Provisions
Not Applicable
18.
Zero Coupon Note Provisions
Not Applicable
19.
Index-Linked Interest Note Provisions
Not Applicable

20.
Dual Currency Interest Note Provisions
Not Applicable
21.
Variable Coupon Amount Notes:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
22.
Call Option
Not Applicable
23.
Put Option
Not Applicable
24.
Final Redemption Amount of each Note
Par
25.
Early Redemption Amount

Early Redemption Amount(s) of each Note
As set out in the Conditions
payable on event of default and/or the method
of calculating the same (if required or if
different from that set out in the Conditions):
26.
Variable Redemption Amount Notes:
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
(a)
Form of Notes:

Bearer Notes:
Temporary Bearer Global Note exchangeable for a
Permanent Bearer Global Note which is exchangeable
for Definitive Bearer Notes in the limited circumstances
specified in the Permanent Global Note.
Registered Notes:

Registrar and Transfer Agents
Not Applicable
(i)
DTC Application
No
(ii)
Australian Domestic Notes:
No
b)
New Global Note:
Yes
28.
Relevant Financial Centre(s) or other special
Target and Stockholm
provisions relating to payment dates:
Notwithstanding Condition 6, if any date for the
payment of any amount due (whether in respect of
principal, interest or otherwise) in respect of the Notes
is not a Business Day, the holder shall not be entitled to
payment until the next following Business Day and the
holder shall not be entitled to payment of any interest or
other sum in respect of such postponed payment.

29.
Talons for future Coupons to be attached to
No
Definitive Bearer Notes (and dates on which
such Talons mature):
30.
Details relating to Partly Paid Notes: amount of
Not Applicable
each payment comprising the Issue Price and
date on which each payment is to be made and
consequences (if any) of failure to pay,
including any right of the Issuer to forfeit the
Notes and interest due on late payment:
31.
Details relating to Instalment Notes: Instalment
Not Applicable
Amount, date on which each payment is to be
made (Instalment Date):
32.
Redenomination,
renominalisation
and
Not Applicable
reconventioning provisions:
33.
Consolidation provisions:
Not Applicable
34.
Other terms or special conditions:
Not Applicable
35.
Governing law:
English
DISTRIBUTION
36.
(a)
If syndicated, names of Managers:
Not Applicable
(b)
Stabilising Manager (if any):
Not Applicable
37.
If non-syndicated, name of Dealer:
Danske Bank A/S
38.
Additional selling restrictions:
Not Applicable

39.
MIFID
II
product
governance/Retail
The Issuer is not subject to Directive 2014/65/EU (as
investors, professional investors and eligible
amended, MiFID II) or the requirements of an
"investment firm", "manufacturer" or "distributor"
counterparties:
under the MiFID II product governance rules of EU
Delegated Directive 2017/593. For the purposes of
MiFID
II, the
Dealer
shall be
deemed the
"manufacturers" in respect of the Notes. Solely for the
purposes of the manufacturer's product approval process,
the target market assessment in respect of the Notes has
led to the conclusion that: (i) the target market for the
Notes is eligible counterparties, professional clients and
retail clients, each as defined in MiFID II; and (ii) all
channels for distribution of the Notes are appropriate,
including investment advice, portfolio management,
non-advised sales and pure execution services. Any
person subsequently offering, selling or recommending
the Notes (a distributor) should take into consideration

the manufacturer's target market assessment; however, a
distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect
of the Notes (by either adopting or refining the
manufacturer's target market assessment) and
determining appropriate distribution channels.
OPERATIONAL INFORMATION
40.
ISIN Code:
XS2155367266
41.
Common Code:
215536726
42.
Any clearing system(s) other than Euroclear
Not Applicable
and Clearstream, Luxembourg and the relevant
identification number(s):
43.
Delivery:
Delivery against payment
44.
Changes to the Agent(s) (if any):
Not Applicable
45.
Applicable TEFRA Rules:
C Rules
46.
Additional United States Federal Income Tax
Not Applicable
Consequences:
47.
Intended to be held in a manner that would
No
allow Eurosystem eligibility:
LISTING APPLICATION
This Pricing Supplement comprises the final terms required for issue and admission to trading on the
Regulated Market of the Luxembourg Stock Exchange and the London Stock Exchange plc and
admission to trading on the Official List of the Luxembourg Stock Exchange and the London Stock
Exchange plc of the Notes described herein pursuant to the Global Debt Issuance Facility of the African
Development Bank.
USE OF PROCEEDS
An amount equal to the net proceeds of the issue of the Notes will be held within the Issuer's treasury
liquidity sub-portfolio and tracked in an appropriate manner through an attested formal internal
process that assures the link of these net proceeds to projects with strong social development outcomes
(Eligible Projects) as further described in the Issuer's Social Bond Framework:
https://www.afdb.org/fileadmin/uploads/afdb/Documents/GenericDocuments/AfDB_Social_Bond_Frame
work.pdf. to provide support and finance to countries and businesses to help curb the spread of the
coronavirus (Covid-19) in African communities and overcome the challenges caused by this outbreak in
those communities.
So long as the Notes are outstanding, the balance of this sub-portfolio will be reduced at the end of
each semi-annual period by amounts matching the disbursements made during such semi-annual

period in respect of Eligible Projects. Pending such disbursements, the net proceeds of the issue of the
Notes will be held in the Issuer's liquidity portfolio.
The Issuer makes no assurance as to (i) whether the Notes will meet investor criteria and expectations
with regard to social development outcomes, including with respect to the coronavirus (Covid-19)
outbreak or (ii) the characteristics of its Social Bond programme and the Eligible Projects, including
their social development criteria (both generally and with respect to the coronavirus (Covid-19) outbreak).
NO MATERIAL ADVERSE CHANGE
There has been no material adverse change in the financial position of the Bank since 31 December 2018.
AUDITORS
The annual accounts of the Issuer for the financial years ended 31 December 2017 and 31 December
2018, have been audited by Deloitte & Associés.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in this Pricing Supplement.

Signed on behalf of African Development Bank:

By: __________________________________________
Duly Authorised