By Cristal Cody
Tupelo, Miss., Oct. 28 – The Inter-American Development Bank (Aaa/AAA) priced $500 million of floating-rate global notes due Feb. 4, 2025 on Wednesday at SOFR plus 25 basis points, according to a market source.
Initial price talk was in the SOFR plus 27 bps area.
BMO Capital Markets Corp., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC were the bookrunners.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
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| Amount: | $500 million
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| Description: | Global floating-rate notes
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| Maturity: | Feb. 4, 2025
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| Bookrunners: | BMO Capital Markets Corp., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
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| Coupon: | SOFR plus 25 bps
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| Trade date: | Oct. 28
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| Ratings: | Moody's: Aaa
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| S&P: AAA
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| Price guidance: | SOFR plus 27 bps area
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