By Cristal Cody
Chicago, Feb. 11 – Inter-American Development Bank gave additional details about an offering for $1 billion of five-year bonds with a coupon of SOFR plus 20 basis points with a 0% interest rate floor, according to a market source.
The notes were issued at par.
Citigroup Global Markets Ltd., RBC Capital Markets, LLC and Wells Fargo Securities, LLC were lead managers for the offering.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Issue: | Bonds
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| Amount: | $1 billion
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| Maturity: | Feb. 10, 2026
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| Bookrunners: | Citigroup Global Markets Ltd., RBC Capital Markets, LLC and Wells Fargo Securities, LLC
|
| Coupon: | SOFR plus 20 bps
|
| Price: | Par
|
| Yield: | SOFR plus 20 bps
|
| Pricing date: | Feb. 3
|
| Settlement date: | Feb. 10
|
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