New Issue: IADB sells $3.5 billion of 1.5% five-year notes at 99.751

By Devika Patel

Knoxville, Tenn., Jan. 14 – Inter-American Development Bank priced $3.5 billion of 1.5% five-year notes at 99.751, according to market announcement.

BMO Capital Markets Corp., Citigroup Global Markets Ltd., Merrill Lynch International and RBC Capital Markets, LLC are the lead managers for the issue.

The agency provides financing and technical assistance to businesses in Latin America and the Caribbean and is based in Washington, D.C.

Issuer:	Inter-American Development Bank
Amount:	$3.5 billion
Issue:	Notes
Maturity:	Jan. 13, 2027
Bookrunners:	BMO Capital Markets Corp., Citigroup Global Markets Ltd., Merrill Lynch International and RBC Capital Markets, LLC
Co-managers:	Barclays, CIBC Capital Markets, Deutsche Bank, Goldman Sachs International, HSBC, JPMorgan, Morgan Stanley, Nomura, TD Securities and Wells Fargo Securities
Coupon:	1.5%
Price:	99.751
Call:	Non-callable
Announcement date:	Jan. 11
Settlement date:	Jan. 13
Cusip:	4581X0EB0

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