IADB guides offering of three-year notes at Libor minus 2 bps area

By Cristal Cody

Tupelo, Miss., Oct. 17 – The Inter-American Development Bank (Aaa/AAA) plans to price a dollar-denominated offering of global floating-rate notes due Oct. 25, 2021 on Wednesday, according to a market source.

The notes were initially talked to price in the Libor minus 2 basis points area.

Citigroup Global Markets Inc. and TD Securities (USA) LLC are the lead managers.

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

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