IADB talks $400 million tap of notes due 2022 at SOFR plus 26 bps area

By Cristal Cody

Tupelo, Miss., Oct. 8 – Inter-American Development Bank (Aaa/AAA) plans to price a $400 million add-on to its floating-rate notes due Sept. 16, 2022 on Tuesday, according to a market source.

Initial price talk is in the SOFR plus 26 basis points area.

BofA Securities, Inc., BMO Capital Markets Corp. and Standard Chartered Bank are the bookrunners.

IADB first sold $600 million of the notes on Sept. 10 at par to yield SOFR plus 26 bps.

The issue was the bank’s first SOFR-linked transaction.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.