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IADB sets Thursday pricing of $500 million offering of global notes
Chicago, Sept. 28 – Inter-American Development Bank is in the Thursday market with a $500 million offering of global floating-rate notes (Aaa/AAA), according to a market source.
The spread has been set at SOFR plus 35 basis points for the Securities and Exchange Commission-exempt notes.
Books are expected to close before midday in New York.
The notes mature on Oct. 5, 2028.
Settlement is planned for Oct. 5.
BMO Capital Markets Corp. is handling billing and delivery. BNP Paribas Securities Corp., HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. are also lead bookrunners.
The agency provides financing and technical assistance to businesses in Latin America and the Caribbean and is based in Washington, D.C.
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