Published on 1/17/2014 in the Prospect News Agency DailyProspect News Investment Grade Daily.
New Issue: IADB sells upsized $700 million five-year floaters at Libor plus 4 bps
By Aleesia Forni
Virginia Beach, Jan. 17 - Inter-American Development Bank priced an upsized $700 million five-year floating-rate notes at par to yield Libor plus 4 basis points on Friday, an informed source said.
Pricing was on top of talk.
Barclays, Goldman Sachs & Co. and RBC Capital Markets were the joint bookrunners.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
Issuer: | Inter-American Development Bank
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Amount: | $700 million, upsized from $500 million
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Description: | Notes
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Maturity: | Jan. 15, 2019
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Bookrunners: | Barclays, Goldman Sachs & Co., RBC Capital Markets
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Coupon: | Libor plus 4 bps
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Price: | Par
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Yield: | Libor plus 4 bps
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Trade date: | Jan. 17
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Settlement date: | Jan. 27
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Price talk: | Libor plus 4 bps
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