By Mary-Katherine Stinson
Lexington, Ky., Sept. 11 – Inter-American Development Bank sold a Rs. 3.5 billion add-on of 7% notes due April 17, 2033, according to a pricing supplement.
The additional notes priced at 98.589 plus Rs. 96,393,442.62 representing 144 days’ accrued interest.
Principal payment and interest amounts are payable in U.S. dollars.
The issue price will be payable in the amount of $42,968,000.52 at the agreed rate of Rs. 82.55 per $1.00.
Merrill Lynch International was the bookrunner for this tranche of the registered notes.
Proceeds will be used for the ordinary capital resources of the bank.
The notes will be consolidated and form a single series with the original Rs. 4.25 billion issued on April 17 and Rs. 4.25 billion issued on July 12.
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: | Rs. 3.5 billion
|
| Issue: | Notes, series 869, tranche 3
|
| Maturity: | April 17, 2033
|
| Bookrunner: | Merrill Lynch International
|
| Coupon: | 7%
|
| Price: | 98.589
|
| Call features: | Non-callable
|
| Puts: | No
|
| Trade date: | Sept. 5
|
| Settlement date: | Sept. 8
|
| ISIN: | XS2608242108
|
| Total issue: | Rs. 12 billion, including Rs. 4.25 billion issued on April 17 and Rs. 4.25 billion issued on July 12
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
