By Rebecca Melvin
Concord, N.H., April 13 – Inter-American Development Bank priced $1 billion of series 827 floating-rate notes and $25 million of series 827 fixed-rate notes, both due April 12, 2027, according to two regulatory notices.
Both series priced at par, with the floaters yielding SOFR plus 28 basis points and the fixed-rate notes bearing interest at a 2.75% coupon.
Application has been made to list the floaters on the London Stock Exchange plc’s UK Regulated Market. No application has been made to list the series of fixed-rate notes on any stock exchange.
Citigroup Global Markets Ltd., Deutsche Bank AG London Branch and Nomura International plc are the lead managers for the floaters, which were priced on April 8, and Wells Fargo Securities LLC was the dealer for the fixed-rate notes, which priced on April 7.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $1,025,000,000
|
| Issue: | Floating- and fixed-rate notes
|
| Maturity: | April 12, 2027
|
| Issue date: | April 12
|
|
|
| Floating-rate notes
|
| Amount: | $1 billion
|
| Lead managers: | Citigroup Global Markets Ltd., Deutsche Bank AG London Branch and Nomura International plc
|
| Coupon: | SOFR plus 28 bps
|
| Price: | Par
|
| Yield: | SOFR plus 28 bps
|
| Pricing date: | April 8
|
| Cusip: | 4581X0ED6
|
|
|
| Fixed-rate notes
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| Amount: | $25 million
|
| Dealer: | Wells Fargo Securities LLC
|
| Coupon: | 2.75%
|
| Price: | Par
|
| Yield: | 2.75%
|
| Pricing date: | April 7
|
| Cusip: | 45818WDM5
|
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|
|
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