By Aleesia Forni
Virginia Beach, Oct. 20 – Inter-American Development Bank priced $500 million of floating-rate global notes (Aaa/AAA) due Jan. 16, 2018 on Tuesday at Libor plus 6 basis points, according to a market source.
The notes sold in line with talk.
BofA Merrill Lynch, Citigroup Global Markets Inc. and Goldman Sachs & Co. are 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: | $500 million
|
| Description: | Global floating-rate notes
|
| Maturity: | Jan. 16, 2018
|
| Bookrunners: | BofA Merrill Lynch, Citigroup Global Markets Inc., Goldman Sachs & Co.
|
| Coupon: | Libor plus 6 bps
|
| Price: | Par
|
| Yield: | Libor plus 6 bps
|
| Trade date: | Oct. 20
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor’s: AAA
|
| Price guidance: | Libor plus 6 bps area
|
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