By Cristal Cody
Tupelo, Miss., March 25 – Inter-American Development Bank (Aaa/AAA) priced a $100 million add-on to its 2.5% global notes due Jan. 18, 2023 in a second tranche at 99.753, according to a pricing supplement.
The notes were originally priced Jan. 10, 2018 in a $3.75 billion offering at a Treasuries plus 15.7 bps spread. The total outstanding is $3.85 billion.
Goldman Sachs International was the dealer.
The issuer has applied to list the notes for trading on the London Stock Exchange plc’s regulated market.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $100 million reopening
|
| Description: | Series 633 global notes
|
| Maturity: | Jan. 18, 2023
|
| Bookrunner: | Goldman Sachs International
|
| Coupon: | 2.5%
|
| Price: | 99.753
|
| Trade date: | March 15
|
| Settlement date: | March 19
|
| Ratings: | Moody's: Aaa
|
| S&P: AAA
|
| Total outstanding: | $3.85 billion, including $3.75 billion of notes priced Jan. 10, 2018 at a Treasuries plus 15.7 bps spread
|
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