By Cristal Cody
Chicago, March 16 – IDB Invest sold $300 million of two-year floating-rate bonds on Tuesday, a market source told Prospect News.
The bonds have a coupon based on SOFR plus 27 basis points, right on top of talk in the 27 bps area.
BofA Securities, Inc., BMO Capital Markets Corp. and RBC Capital Markets LLC are bookrunners for the notes.
Based in Washington, D.C., IDB Invest is a member of the Inter-American Development Bank Group. The issuer is a multilateral development bank working on the economic development of its member countries in Latin America and the Caribbean through the private sector.
| Issuer: | IDB Invest
|
| Amount: | $300 million
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| Issue: | Bonds
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| Maturity: | March 22, 2024
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| Bookrunners: | BofA Securities, Inc., BMO Capital Markets Corp. and RBC Capital Markets Corp.
|
| Coupon: | SOFR plus 27 bps
|
| Trade date: | March 15
|
| Price talk: | SOFR plus 27 bps area
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