By Rebecca Melvin
New York, Sept. 20 – Inter-American Development Bank has priced a £150 million tap of its Securities and Exchange Commission-exempt 1¼% notes due 2023 at 105.161, or a yield spread of Gilts plus 31 basis points, according to a syndicate source on Thursday.
The issue size now stands at £775 million.
HSBC, JPMorgan and RBC Capital Markets led the deal.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | £150 million
|
| Maturity: | Dec. 15, 2023
|
| Securities: | Notes
|
| Bookrunners: | Barclays, JPMorgan, RBC Capital Markets
|
| Coupon: | 1¼%
|
| Price: | 105.161
|
| Spread: | Gilts plus 31 bps
|
| Trade date: | Sept. 20
|
| Settlement date: | Oct. 4
|
| Ratings: | Moody's: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Total amount: | £775 million
|
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