By Cristal Cody
Eureka Springs, Ark., July 14 – Inter-American Development Bank (IADB) sold $500 million of five-year global floating-rate notes at three-month Libor plus 20 basis points on Thursday, according to a market source.
The notes due July 15, 2021 (Aaa/AAA/AAA) priced on top of guidance.
Citigroup Global Markets Inc., Goldman, Sachs & Co. and Nomura Securities International, Inc. were the lead managers.
Inter-American Development Bank is a Washington, D.C.-based provider of financing for Latin American and Caribbean countries.
| Issuer: | Inter-American Development Bank
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| Amount: | $500 million
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| Description: | Global floating-rate notes
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| Maturity: | July 15, 2021
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| Bookrunners: | Citigroup Global Markets Inc., Goldman, Sachs & Co. and Nomura Securities International, Inc.
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| Coupon: | Libor plus 20 bps
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| Trade date: | July 14
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| Ratings: | Moody’s: Aaa
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| Standard & Poor’s: AAA
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| Fitch: AAA
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| Price guidance: | Libor plus 20 bps
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