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Published on 2/28/2019 in the Prospect News Emerging Markets Daily.

New Issue: IADB prices Rs. 1.29 billion 5.74% notes, R$27.98 million 5.55% notes

By Susanna Moon

Chicago, Feb. 28 – The Inter-American Development Bank priced Rs. 1.29 billion of 5.74% series 695 notes due Feb. 25, 2022.

The notes priced at 99.98, and the issue price is payable in Japanese yen in the amount of ¥2.01 billion, according to a term sheet.

IADB also sold R$27.98 million of 5.55% series 694 notes due Feb. 25, 2022 at a price of 99.98, according to a separate term sheet.

The issue price is payable in Japanese yen in the amount of ¥829.25 million.

Nomura International plc is the dealer for both issues.

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

Issuer:Inter-American Development Bank
Issue:Notes
Dealer:Nomura International plc
Issue date:Feb. 25
5.74% notes
Issue:Series 695 notes
Amount:Rs. 1,285,200,000
Maturity:Feb. 25, 2022
Coupon:5.74%
Price:99.98
5.55% notes
Issue:Series 694 notes
Amount:R$27,980,000
Maturity:Feb. 25, 2022
Coupon:5.55%
Price:99.98

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