By Susanna Moon
Chicago, Dec. 19 – The Inter-American Development Bank (Aaa/AAA) said it sold another $100 million of floating-rate notes due Oct. 25, 2021.
The second tranche of the series 686 notes priced at 100.03 plus 54 days' accrued interest via bookrunner BNP Paribas Securities Corp., according to a pricing supplement.
As reported Oct. 17, IADB originally priced $500 million of the floaters in line with guidance at Libor minus 2 basis points. Citigroup Global Markets Inc. and TD Securities (USA) LLC were the lead managers of the original issue.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
Issuer: | Inter-American Development Bank
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Amount: | $100 million add-on
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Description: | Global floating-rate notes
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Maturity: | Oct. 25, 2021
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Bookrunner: | BNP Paribas Securities Corp. (for add-on)
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Coupon: | Libor minus 2 bps
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Price: | 100.03 plus 54 days' accrued interest
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Trade date: | Dec. 14
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Settlement date: | Dec. 18
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Ratings: | Moody's: Aaa
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| S&P: AAA
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Price guidance: | Libor minus 2 bps area
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Original issue: | $500 million priced Oct. 17
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Total amount: | $600 million
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