Published on 9/27/2013 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: IADB sells $1 billion 3% notes due 2023 at mid-swaps plus 23 bps
By Aleesia Forni
Virginia Beach, Sept. 27 - Inter-American Development Bank priced $1 billion of 3% notes due Oct. 4, 2023 on Friday with a spread of mid-swaps plus 23 basis points, an informed source said.
Citigroup Global Markets Inc., HSBC Securities (USA) LLC and Morgan Stanley & Co. LLC were the joint bookrunners.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | Oct. 4, 2023
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) LLC, Morgan Stanley & Co. LLC
|
| Coupon: | 3%
|
| Spread: | Mid-swaps plus 23 bps
|
| Trade date: | Sept. 27
|
| Settlement date: | Oct. 4
|
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