By Devika Patel
Knoxville, Tenn., May 21 – The Inter-American Development Bank (Aaa/AAA) sold a $100 million add-on to its floating-rate notes due Feb. 10, 2026 at 100.191, according to a market announcement.
Deutsche Bank Securities Inc. is the bookrunner.
The company originally sold $1 billion of the floaters on Feb. 10, 2021 and sold another $200 million on April 28.
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: | $100 million
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| Description: | Floating-rate notes
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| Maturity: | Feb. 10, 2026
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| Bookrunner: | Deutsche Bank Securities Inc.
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| Coupon: | SOFR plus 20 bps
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| Price: | 100.191
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| Settlement date: | May 20
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| Ratings: | Moody’s: Aaa
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| S&P: AAA
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| Total outstanding: | $1.3 billion, including $1 billion of notes issued Feb. 10, 2021 and $200 million issued on April 28
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