By Mary-Katherine Stinson
Lexington, Ky., Aug. 16 – Inter-American Development Bank issued $100 million additional floating-rate notes due Feb. 15, 2029 at 99.714, according to a notice on Tuesday.
The notes were issued on Monday and will be consolidated and form a single series with $1 billion of the notes issued on Feb. 15, 2022 and $100 million issued March 21, 2022.
Deutsche Bank AG, London Branch was the dealer.
Application has been made to list the notes 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 add-on
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| Issue: | Floating-rate notes (series 823, tranche 3)
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| Maturity: | Feb. 15, 2029
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| Dealer: | Deutsche Bank AG, London Branch
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| Coupon: | SOFR plus 30 bps, adjustable quarterly, subject to floor of 0%
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| Price: | 99.714
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| Pricing date: | Aug. 10
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| Issue date: | Aug. 14
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| Cusip: | 4581X0EC8
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| Total issue: | $1.2 billion, including $1 billion issued on Feb. 15, 2022 and $100 million issued March 21, 2022
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