Obligation African Development Bank 15.45% ( XS2166615240 ) en TRY

African Development Bank

100 % ⇌

Cote d'Ivoire

XS2166615240 ( en TRY )

15.45% par an ( paiement annuel )

04/05/2022 - Obligation échue

Prospectus brochure de l'obligation African Development Bank XS2166615240 en TRY 15.45%, échue

5 000 TRY

75 000 000 TRY

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 TRY, avec le code ISIN XS2166615240, paye un coupon de 15.45% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 04/05/2022

Pricing Supplement dated 29 April 2020

AFRICAN DEVELOPMENT BANK
Global Debt Issuance Facility
for issues of Notes with maturities of one day or longer

Issue of TRY 75,000,000 15.45 per cent. Fixed Rate Notes due
4 May 2022 (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. 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.

1. Issuer:
African Development Bank
2. (i) Series Number:
963
(ii) Tranche Number:
1
3. Specified Currency or currencies:
Turkish Lira ("TRY")
4. Aggregate Nominal Amount:

(i) Series:
TRY 75,000,000
(ii) Tranche:
TRY 75,000,000
5. (i) Issue Price:
100.00 per cent. of the Aggregate Nominal
Amount
(ii) Net proceeds:
TRY 75,000,000
6. Specified Denominations:
TRY 5,000
7. (i) Issue Date:
4 May 2020
(ii) Interest Commencement Date:
4 May 2020
8. Maturity Date:
4 May 2022, subject to adjustment in accordance
with the Modified Following Business Day
Convention.
9. Interest Basis:
15.45 per cent. per annum Fixed Rate (further
particulars specified below)
10. Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or
Not Applicable
Redemption/Payment Basis:
12. Put/Call Options:
Not Applicable
13. Status of the Notes:
Senior
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14. Listing and Trading:
Luxembourg Stock Exchange
15. Method of distribution:
Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
16.
Fixed Rate Note Provisions
Applicable
(i) Fixed Rate of Interest:

15.45 per cent. per annum payable annually in arrear
(ii) Interest Payment Date(s):
4 May 2021 and 4 May 2022, subject to adjustment
in accordance with the Modified Following
Business Day Convention but without adjustment to
the Fixed Coupon Amount payable.
(iii) Fixed Coupon Amount(s):
TRY 772.50 per Specified Denomination
(iv) Broken Amount(s):

Not Applicable
(v) Day Count Fraction:

30/360 (unadjusted)
(vi) Determination Date(s):

Not Applicable
(vii) Other terms relating to the method

of
"Business Day" shall mean a day (other than a
calculating interest for Fixed Rate
Saturday or Sunday) on which commercial banks
Notes:
and foreign exchange markets settle payments in
London, New York and Istanbul and a day upon

which the TARGET2 System is operating
17.
Floating Rate Note Provisions
Not Applicable
18.
Zero Coupon Note Provisions
Not Applicable
19.
Index-Linked Interest Note
Not Applicable
Provisions:
20.
Dual Currency Interest Note
Not Applicable
Provisions
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

Par
Note
25.
Early Redemption Amount:

Early Redemption Amount(s) of each
As set out in the Conditions
Note 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
2

GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
(a) Form of Notes:

Bearer Notes

Not Applicable
Registered Notes

Registrar and Transfer Agents

Registrar:
Citibank, N.A., Citigroup Centre
Canary Wharf, London E14 5LB

Transfer Agent:
Banque Internationale à Luxembourg
société anonyme, 69 route d'Esch,
L-2953 Luxembourg
(i) DTC Application

No
(ii) Australian Domestic Notes:

No
28. Relevant Financial Centre(s) or other

TARGET, London, New York and Istanbul
special provisions relating to payment
Notwithstanding Condition 6, if any date for the
dates:
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 unless such day falls in the next calendar month
in which case such date will be the first preceding
day that is a 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
No
to Definitive Bearer Notes (and dates on
which such Talons mature):
30. Details relating to Partly Paid Notes:

Not Applicable
amount of 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:

Not Applicable
Instalments Amount, date on which
each payment is to be made (Instalment
Date):
3

32. Redenomination, renominalisation and
Not Applicable
reconventioning provisions:
33. Consolidation provisions:

Not Applicable
34. Other terms or special conditions:

Calculation Agent means BNP PARIBAS.

Upon the occurrence and/or continuation of a
Settlement Disruption Event which would, in the
determination of the Calculation Agent acting in
good faith and in a commercially reasonable
manner, and in consultation with the Issuer, make
it impossible or impractical for the Issuer to make
any payment of principal or otherwise in the
Specified Currency on the scheduled payment
date, the Issuer shall make such payment of
principal or otherwise in United States dollars,
converted from the Specified Currency at the then
prevailing exchange rate as determined by the
Calculation Agent acting in good faith and in a
commercially reasonable manner and, in
consultation with the Issuer.

"Settlement Disruption Event" means, as
determined by the Calculation Agent acting in
good faith and in a commercially reasonable
manner, and in consultation with the Issuer (i) the
imposition of laws or regulations by the Central
Banking Authority
or
other
legislative,
governmental or regulatory authority of the
Republic of Turkey which (a) require non-
residents of the Republic of Turkey to obtain
permission from such Central Banking Authority
or other authority to obtain TRY, or (b) otherwise
restrict a non-resident's ability to obtain TRY or (c)
otherwise regulate the purchase or holding of TRY
such that costs are imposed in obtaining TRY
which would not be imposed in the absence of such
regulations, or (d) has the direct or indirect effect
of hindering, limiting or restricting the transfer of
TRY from the Republic of Turkey to recipients
resident in another country; or (ii) Euroclear
and/or Clearstream, Luxembourg suspend or cease
acceptance of TRY as a settlement currency or
otherwise give notice of their intention to do so
from any date on or before the Maturity Date or
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any other date for early redemption (including any
postponed such date).
35. Governing law:

English
DISTRIBUTION

36. (i) If syndicated, names of Managers:

Not Applicable
(ii) Stabilising Manager (if any):

Not Applicable
37. If non-syndicated, name of Dealer:

BNP PARIBAS
10 Harewood Avenue
London NW1 6AA
United Kingdom
38. Additional Selling Restrictions:

Republic of Turkey
The Dealer has represented and agreed that it has not
and will not offer or sell directly or indirectly, any
Notes in the Republic of Turkey or to any persons,
corporate or other entity resident in the Republic of
Turkey except in accordance with the relevant rules
and regulations of the Republic of Turkey.
OPERATIONAL INFORMATION

39. ISIN Code:

XS2166615240
40. Common Code:

216661524
41. Any clearing system(s) other than

Not Applicable
Euroclear and Clearstream, Luxembourg
and the relevant identification number(s):
42. Delivery:

Delivery against payment
43. Changes to the Agent(s) (if any):

Not Applicable
44. Applicable TEFRA Rules:

Not Applicable
45. Additional United States Federal Income
Not Applicable
Tax Consequences:
46. Intended to be held in a manner that

No
would 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 admission to trading on the Official List of
the Luxembourg Stock Exchange of the Notes described herein pursuant to the Global Debt Issuance
Facility of the African Development Bank.
NO MATERIAL ADVERSE CHANGE
There has been no material adverse change in the financial position of the Issuer since 31 December
2018.
5

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
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