By Devika Patel
Knoxville, Tenn., July 26 – The Inter-American Development Bank (Aaa/AAA) priced a $200 million add-on to its floating-rate notes due June 10, 2031 at 100.392, according to a market announcement.
The bank originally sold $600 million of the floaters with a coupon of SOFR plus 36 basis points on June 3 and sold another $200 million on July 23.
BMO Capital Markets Corp. is the bookrunner.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $200 million reopening
|
| Description: | Floating-rate notes
|
| Maturity: | June 10, 2031
|
| Bookrunner: | BMO Capital Markets Corp.
|
| Coupon: | SOFR plus 36 bps
|
| Price: | 100.392
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 9
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Total outstanding: | $1 billion, including $600 million of notes issued on June 3 and $200 million issued on July 23
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
