By Andrea Heisinger
New York, Feb. 11 - Inter-American Investment Corp. reopened its floating-rate notes (Aa2/AA/AAA) due Nov. 16, 2016 on Monday to add $50 million, a market source away from the trade said.
The notes priced at 100.139 with a coupon of Libor plus 35 basis points.
Total outstanding issuance is $400 million, including $350 million priced on Nov. 8, 2012 at Libor plus 35 bps.
Mizuho Securities USA Inc. was the bookrunner for the additional notes.
The agency provides financing and technical assistance to businesses in Latin America and the Caribbean and is based in Washington, D.C.
| Issuer: | Inter-American Investment Corp.
|
| Issue: | Floating-rate notes
|
| Amount: | $50 million, reopened
|
| Maturity: | Nov. 16, 2016
|
| Bookrunner: | Mizuho Securities USA Inc.
|
| Coupon: | Libor plus 35 bps
|
| Price: | 100.139
|
| Trade date: | Feb. 11
|
| Settlement date: | Feb. 19
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Fitch: AAA
|
| Total issuance: | $400 million, including $350 million priced Nov. 8, 2012 at par
|
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