New Issue: IADB sells $100 million tap of floaters due 2028 at 99.882

By Wendy Van Sickle

Columbus, Ohio, April 28 – Inter-American Development Bank sold $100 million more of its floating-rate notes due March 20, 2028 at 99.882, according to a market announcement.

The notes accrue interest at SOFR plus 27 basis points.

The company originally sold $500 million of the floaters on March 19, 2021 and a further $700 million of the notes in 2021.

Morgan Stanley & Co. International plc was the bookrunner.

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:	$100 million
Issue:	Floating-rate notes
Maturity:	March 20, 2028
Bookrunner:	Morgan Stanley & Co. International plc
Coupon:	SOFR plus 27 bps
Price:	99.882
Settlement date:	April 28
Total outstanding:	$1.3 billion, including $500 million of notes issued March 19, 2021, $100 million issued on May 14, 2021, $100 million issued on May 21, 2021, $100 million issued on June 9, 2021, $100 million issued on June 16, 2021 and $300 million issued on June 23, 2021
Cusip:	4581X0DU9

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