By Aleesia Forni
Virginia Beach, Sept. 25 – Inter-American Development Bank priced a $225 million tap of its existing floating-rate notes (Aaa/AAA/) due Sept. 12, 2018 on Friday to yield Libor plus 1 basis point, according to an informed source.
The notes carry a coupon of Libor plus 3 bps.
BofA Merrill Lynch and Barclays were the joint bookrunners.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Securities: | Floating-rate notes
|
| Amount: | $225 million
|
| Maturity: | Sept. 12, 2018
|
| Bookrunners: | BofA Merrill Lynch, Barclays
|
| Coupon: | Libor plus 3 bps
|
| Yield: | Libor plus 1 bp
|
| Trade date: | Sept. 25
|
| Ratings: | Moody's: Aaa
|
| Standard & Poor's: AAA
|
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