By Aaron Hochman-Zimmerman
New York, Feb. 27 - The Inter-American Development Bank announced the sale of $1.5 billion of five-year notes, according to a market source.
JP Morgan, Morgan Stanley and RBS acted as bookrunners for the deal.
The IADB is a developmental lender focused on economies in Latin America and the Caribbean.
The issuer is based in Washington D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $1.5 billion
|
| Issue: | Five-year notes
|
| Maturity: | 2013
|
| Bookrunners: | JP Morgan, Merrill Lynch, RBS
|
| Pricing date: | Feb. 27
|
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