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Published on 2/16/2023 in the Prospect News Emerging Markets Daily.

New Issue: IADB prices HK$400 million of 3.499% notes due 2026 at par

By William Gullotti

Buffalo, N.Y., Feb. 16 – Inter-American Development Bank priced HK$400 million of 3.499% notes at par under its global debt program, according to a notice on Thursday.

Morgan Stanley & Co. International plc is the dealer.

No application has been made to list the notes on any exchange.

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:HK$400 million
Issue:Notes, series 857
Maturity:Feb. 16, 2026
Dealer:Morgan Stanley & Co. International plc
Coupon:3.499%
Price:Par
Yield:3.499%
Call:Mandatory early redemption for default at par plus accrued and unpaid interest
Pricing date:Feb. 13
Issue date:Feb. 16
ISIN:XS2585166056

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