By Devika Patel
Knoxville, Tenn., March 22 – Inter-American Development Bank sold $500 million of seven-year floating-rate notes on Tuesday, according to a market announcement.
The notes will accrue interest at SOFR plus 27 basis points and were sold at par.
BMO Capital Markets Corp., HSBC Bank plc and Toronto-Dominion Bank were the bookrunners.
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 Development Bank
|
| Amount: | $500 million
|
| Description: | Floating-rate notes
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| Maturity: | March 20, 2028
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| Bookrunners: | BMO Capital Markets Corp., HSBC Bank plc and Toronto-Dominion Bank
|
| Coupon: | SOFR plus 27 bps
|
| Price: | Par
|
| Yield: | SOFR plus 27 bps
|
| Settlement date: | March 19
|
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