Published on 7/30/2015 in the Prospect News Investment Grade Daily.
New Issue: IADB sells $500 million floating-rate notes due 2020 at Libor plus 1 bp
By Aleesia Forni
Virginia Beach, July 30 – Inter-American Development Bank priced $500 million of floating-rate global notes (Aaa/AAA/) due July 15, 2020 on Thursday at par to yield Libor plus 1 basis point, according to a market source.
Goldman Sachs & Co. and Nomura were the 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: | $500 million
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| Description: | Global floating-rate note
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| Maturity: | July 15, 2020
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| Bookrunners: | Goldman Sachs & Co., Nomura
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| Coupon: | Libor plus 1 bp
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| Price: | Par
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| Yield: | Libor plus 1 bp
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| Trade date: | July 30
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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