By Wendy Van Sickle
Columbus, Ohio, Nov. 1 – Inter-American Development Bank (Aaa/AAA/AAA) priced a $100 million add-on to its 2.5% global notes due Jan. 18, 2023 in a fourth tranche at 102.718, 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 basis points spread. The company sold another $100 million offering at 99.753 on March 15, 2019 and another at 103.114 on Oct. 16. The total outstanding is $4.05 billion.
Deutsche Bank AG, London branch 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: | Deutsche Bank AG, London branch
|
| Coupon: | 2.5%
|
| Price: | 102.718
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 1
|
| Ratings: | Moody’s: Aaa
|
| S&P: AAA
|
| Fitch: AAA
|
| Total outstanding: | $4.05 billion, including $3.75 billion of notes priced Jan. 10, 2018 at Treasuries plus 15.7 bps, $100 million priced on March 15, 2019 at 99.753 and $100 million priced on Oct. 16 at 103.114
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