IADB sells $100 million floaters; high-grade markets stall on Friday

By Devika Patel

Knoxville, Tenn., Aug. 23 – The high-grade bond market remained quiet on Friday, with no new deals pricing, but a new issue settled, having priced earlier in the week.

Washington, D.C.-based Inter-American Development Bank (IADB), an agency that provides financing and technical assistance to businesses in Latin America and the Caribbean, settled a $100 million sale of two-year floating-rate notes.

IADB issues $100 million floaters

Inter-American Development Bank priced $100 million of two-year floating-rate notes on Tuesday.

The notes priced at one-month Libor plus 13 basis points and were sold at par.

Wells Fargo Securities LLC was the bookrunner.

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