By Reshmi Basu
New York, April 27 - Inter-American Development Bank sold a Rs. 1.5 billion offering of 10-year bonds (Aaa/AAA/AAA) at an issue price of 100.035 to bear a coupon of 8¼%, according to a market source.
TD Securities managed the transaction, which was issued via the issuer's global debt program.
IADB is a regional development bank in Latin America and the Caribbean.
| Borrower: | Inter-American Development Bank
|
| Amount: | Rs. 1.5 billion
|
| Issue: | Bonds
|
| Maturity: | May 15, 2017
|
| Coupon: | 8¼%
|
| Issue price: | 100.035
|
| Reoffer price: | 98.36
|
| Spread: | 20 basis points over Treasuries
|
| Lead manager: | TD Securities
|
| Pricing date: | April 27
|
| Settlement date: | May 15
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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