New Issue: IADB sells $3 billion 2.125% five-year notes at 28.2 bps over mid-swaps

By Cristal Cody

Eureka Springs, Ark., Jan. 10 – Inter-American Development Bank sold $3 billion of 2.125% five-year global notes at mid-swaps plus 28.2 basis points on Tuesday, according to a market source.

The notes due Jan. 18, 2022 priced softer than guidance.

BMO Capital Markets Corp., BofA Merrill Lynch, HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC were the managers.

The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.

Issuer:	Inter-American Development Bank
Amount:	$3 billion
Description:	Global notes
Maturity:	Jan. 18, 2022
Bookrunners:	BMO Capital Markets Corp., BofA Merrill Lynch, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC
Coupon:	2.125%
Spread:	Mid-swaps plus 28.2 bps
Trade date:	Jan. 10
Ratings:	Moody’s: Aaa
	S&P: AAA
Price guidance:	Mid-swaps plus 25 bps area

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.