By Andrea Heisinger
New York, Sept. 3 - Inter-American Development Bank priced $1 billion of 4.25% 10-year global bonds Wednesday to yield Treasuries plus 57 basis points, market sources said.
The bonds (Aaa/AAA/AAA) priced at 99.863 to yield 4.267%.
Bookrunners were Barclays Capital Inc., HSBC Securities and J.P. Morgan Securities Inc.
The bank supports economic and social development in Caribbean and Latin American countries and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Issue: | Global bonds
|
| Amount: | $1 billion
|
| Maturity: | Sept. 10, 2018
|
| Bookrunners: | Barclays Capital Inc., HSBC Securities, J.P. Morgan Securities Inc.
|
| Coupon: | 4.25%
|
| Price: | 99.863
|
| Yield: | 4.267%
|
| Spread: | Treasuries plus 57 bps
|
| Trade date: | Sept. 3
|
| Settlement date: | Sept. 10
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
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