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IADB guides $500 million tap of 1.25% notes due 2018 at mid-swaps minus 7 bps area
By Aleesia Forni
Virginia Beach, Oct. 28 – Inter-American Development Bank is planning to price a $500 million tap of its existing 1.25% bonds (Aaa/AAA/) due Jan. 16, 2018, according to a market source.
The notes are being guided in the area of mid-swaps minus 7 basis points.
The original $500 million issue sold at mid-swaps minus 9 bps on Oct. 1.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint bookrunners.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
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