By Susanna Moon
Chicago, Jan. 25 – The Inter-American Development Bank sold another $100 million of series No. 500 floating-rate notes due Jan. 15, 2022, bringing the total deal size to $2.7 billion.
The 20th tranche of the series 500 notes priced at 99.996 plus nine days' accrued interest, according to a notice.
Goldman Sachs International is the dealer.
IADB originally priced $250 million of the floaters in the first tranche on Jan. 26, 2015 and subsequently issued another $2.35 billion of notes in 18 tranches with the most recent tranche of $100 million more of the floaters on Nov. 8.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Issue: | Add-on to global floating-rate notes
|
| Amount: | $100 million
|
| Maturity: | Jan. 15, 2022
|
| Dealer: | Goldman Sachs International
|
| Price: | 99.996 plus nine days' accrued interest
|
| Pricing date: | Jan. 18
|
| Issue date: | Jan. 24
|
| Total size: | $2.7 billion, up from $250 million
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