Published on 2/4/2021 in the Prospect News Investment Grade Daily.
New Issue: IADB prices $1 billion of five-year bonds at SOFR plus 20 bps
By Marisa Wong and Cristal Cody
Los Angeles, Feb. 4 – Inter-American Development Bank priced $1 billion of five-year bonds with a coupon of SOFR plus 20 basis points on Wednesday, according to a market source.
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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Issue: | Bonds
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Amount: | $1 billion
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Maturity: | Feb. 10, 2026
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Coupon: | SOFR plus 20 bps
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Pricing date: | Feb. 3
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