IADB to price $100 million tap of floaters due January 2022 at 99.991

By Devika Patel

Knoxville, Tenn., April 4 – Inter-American Development Bank is expected to price a $100 million add-on to its floating-rate notes due Jan. 15, 2022, according to a press release. The total amount of floaters outstanding will be $1.75 billion following this issue.

The notes were slated to price at 99.991 on Wednesday.

Nomura International plc, London Branch, is the stabilization coordinator and the stabilization manager.

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

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