Published on 12/7/2004 in the Prospect News Emerging Markets Daily.
New Issue: Inter-American Development Bank sells R$200 million five-year Brazil inflation-linked notes
By Reshmi Basu
New York, Dec. 7 - Inter-American Development Bank sold R$200 million five-year notes (Aaa/AAA) linked to the Brazil inflation index (IGP-M Index) Tuesday, according to a market source.
The deal priced at par to yield the IGP-M index plus 6.26%.
Yield guidance for the deal was for a spread of 6¼% to 6.35%.
ABN Amro ran the deal.
| Issuer: | Inter-American Development Bank
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| Amount: | R$200 million
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| Issue: | Inflation-linked notes
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| Maturity: | Dec. 14, 2009
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| Issue price: | Par
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| Rate: | IPG-M Index + 6.26%
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| Pricing date: | Dec. 7
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| Settlement date: | Dec 14
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| Lead manager: | ABN Amro
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| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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