Published on 1/20/2006 in the Prospect News Emerging Markets Daily.
New Issue: Inter-American Development Bank Ps. 2.5 billion 10-year bonds yield 8.06%
By Reshmi Basu
New York, Jan. 20 - Inter-American Development Bank (Aaa/AAA) sold Ps. 2.5 billion of 10-year bonds (Aaa/AAA) at 99.574 with an 8% coupon to yield 8.06%, according to a market source.
Credit Suisse was the bookrunner for the Rule 144A and Regulation S transaction.
The issuer is a regional development bank, which provides multilateral financing to Latin America and the Caribbean.
| Issuer: | Inter-American Development Bank (IADB)
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| Amount: | Ps. 2.5 billion
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| Issue: | Mexican peso-denominated bonds
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| Maturity: | Jan. 26, 2016
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| Coupon: | 8%
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| Issue price: | 99.574
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| Yield: | 8.06%
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 26
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| Bookrunner: | Credit Suisse
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| Ratings: | Moody's: Aaa
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| Standard & Poor's: AAA
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