Inter-American Development Bank to issue $75 million equivalent Colombian peso bonds

By Reshmi Basu

New York, Feb. 22 - Inter-American Development Bank plans to issue Colombian peso-denominated bonds (AAA/AAA) due Jan. 25, 2012 for an equivalent of $75 million, according to a market source.

The issuance is part of the issuer's global debt program.

The average life for the bonds will be 3.6 years. The coupon will be calculated as the sum of the real rate and Colombian 12-month consumer price index. All payments of principal and interest will be paid in dollars.

Citigroup is running the deal.

The proposed issuance is expected to price on Thursday.

The issuer, based in Washington, D.C., provides multilateral financing for Latin America and the Caribbean.

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