By Marisa Wong
Los Angeles, Nov. 14 – Inter-American Development Bank priced another $100 million tap of its series 827 floating-rate notes due April 12, 2027 at 99.752 plus 29 days’ accrued interest, according to a pricing supplement published Monday.
The notes carry a coupon of SOFR plus 28 basis points.
The notes will be consolidated and form a single series with the bank’s initial $1 billion tranche issued on April 12, 2022, $100 million add-on issued on May 17 and $100 million add-on issued on May 24.
Toronto-Dominion Bank is the dealer for the latest tap issue.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $100 million add-on
|
| Issue: | Floating-rate notes, series 827 tranche 4
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| Maturity: | April 12, 2027
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| Dealer: | Toronto-Dominion Bank
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| Coupon: | SOFR plus 28 bps
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| Price: | 99.752
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| Pricing date: | Nov. 8
|
| Issue date: | Nov. 10
|
| Listing: | London
|
| Total deal size: | $1.3 billion
|
| Cusip: | 4581X0ED6
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