By Andrea Heisinger
New York, April 15 - The Inter-American Development Bank priced $2.5 billion of 3% five-year notes (Aaa/AAA/) Monday to yield Treasuries plus 140.25 basis points, a market source said.
The sale was done two days after being announced. Full terms were not available at press time.
Bookrunners were Citigroup Global Markets Inc., Morgan Stanley & Co. Inc. and RBS Securities Inc.
The bank promotes development in Latin American and Caribbean countries and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Issue: | Notes
|
| Amount: | $2.5 billion
|
| Maturity: | 2014
|
| Bookrunners: | Citigroup Global Markets Inc., Morgan Stanley & Co. Inc., RBS Securities Inc.
|
| Coupon: | 3%
|
| Spread: | Treasuries plus 140.25 bps
|
| Trade date: | April 15
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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