By Rebecca Melvin
Concord, N.H., May 25 – Inter-American Development Bank priced another $100 million tap of its series 827 floating-rate notes due April 12, 2027 at 100.048 plus 42 days’ accrued interest, according to a pricing supplement published Wednesday.
The notes will be consolidated and form a single series with the bank’s initial $1 billion tranche of floaters on April 12 with a coupon of SOFR plus 28 basis points and a $100 million add-on of the floaters (tranche 2) issued on May 17 at a price of 100.024 and an additional 35 days’ accrued interest.
Scotiabank Europe plc led the latest deal.
Application has been made to list the floaters on the London Stock Exchange plc’s UK Regulated Market.
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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| Issue: | Series 827 floating-rate notes (tranche 3)
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| Maturity: | April 12, 2027
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| Dealer: | Scotiabank Europe plc
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| Coupon: | SOFR plus 28 bps
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| Price: | 100.048
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| Pricing date: | May 20
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| Issue date: | May 24
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| Total deal size: | $1.2 billion
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| Cusip: | 4581X0ED6
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