By Aleesia Forni
Virginia Beach, April 22 - Inter-American Development Bank sold $2 billion of 1% three-year global notes (Aaa/AAA/) to yield mid-swaps minus 2 basis points, according to a market source.
The notes sold in line with guidance, which was set in the area of mid-swaps minus 2 basis points.
J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC and TD Securities 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
|
| Amount: | $2 billion
|
| Description: | Notes
|
| Maturity: | 2017
|
| Bookrunners: | J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC Capital Markets LLC, TD Securities
|
| Coupon: | 1%
|
| Spread: | Mid-swaps minus 2 bps
|
| Trade date: | April 23
|
| Settlement date: | April
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | Mid-swaps minus 2 bps area
|
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