By Mary-Katherine Stinson
Lexington, Ky., Oct. 13 – Inter-American Development Bank sold an additional $100 million of floating-rate notes due Sept. 16, 2026, according to a pricing supplement.
The series 809 tranche 7 notes, which priced at 99.482, will be consolidated and form one series with the $600 million of notes (809 tranche 1 notes) priced on Sept. 16, 2021, $100 million of the notes issued on Oct. 21, 2021 (tranche 2), $100 million issued on Nov. 22, 2021 (tranche 3), $100 million issued on Jan. 31 (tranche 4), $100 million of the notes issued on Feb. 7 (tranche 5) and $100 million of the notes issued on April 7 (tranche 6).
Interest paid on the securities is at a rate of SOFR plus 17 basis points.
The Regulation S bonds are non-callable.
Nomura International plc is the dealer.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $100 million
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| Issue: | Floating-rate notes series 809 (tranche 7)
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| Maturity: | Sept. 16, 2026
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| Dealer: | Nomura International plc
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| Coupon: | SOFR plus 17 bps
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| Price: | 99.482
|
| Call features: | Non-callable
|
| Settlement date: | Oct. 12
|
| Distribution: | Regulation S
|
| ISIN: | US4581X0DY17
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