By Paul A. Harris
St. Louis, May 12 - Inter-American Development Bank priced a $1 billion issue of 1.625% notes due July 15, 2013 (Aaa/AAA/AAA) at 99.753 on Wednesday, according to a market source.
The issue spread came at 31.95 basis points over the on-the-run Treasuries.
Barclays Capital, JPMorgan and RBC Capital Markets led the deal.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
Issuer: | Inter-American Development Bank
|
Amount: | $1 billion
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Maturity: | July 15, 2013
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Securities: | Notes
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Bookrunners: | Barclays Capital, JPMorgan, RBC Capital Markets
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Coupon: | 1.625%
|
Price: | 99.753
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Spread: | 31.95 bps
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Trade date: | May 12
|
Settlement date: | May 19
|
Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
|
| Fitch: AAA
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