By Andrea Heisinger
New York, Oct. 14 - Inter-American Development Bank priced $2.25 billion of 1.75% three-year global notes on Wednesday to yield Treasuries plus 33.25 basis points, an informed source said.
The notes were talked at mid-swaps minus 10 bps, which was in line with where they priced, the source said.
The notes (Aaa/AAA/AAA) priced at 99.881 to yield 1.791%.
Bookrunners were Citigroup Global Markets Inc., Credit Suisse Securities, HSBC Securities and Morgan Stanley & Co. Inc.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Issue: | Global notes
|
| Amount: | $2.25 billion
|
| Maturity: | Oct. 22, 2012
|
| Bookrunners: | Citigroup Global Markets Inc., Credit Suisse Securities, HSBC Securities, Morgan Stanley & Co. Inc.
|
| Coupon: | 1.75%
|
| Price: | 99.881
|
| Yield: | 1.791%
|
| Spread: | Treasuries plus 33.25 bps
|
| Trade date: | Oct. 14
|
| Settlement date: | Oct. 22
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Fitch: AAA
|
| Price talk: | Mid-swaps minus 10 bps
|
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