By William Gullotti
Buffalo, N.Y., Jan. 23 – Inter-American Development Bank issued an additional C$750 million 4.6% notes due March 1, 2029 on Tuesday, according to a Regulation IA, Rule 3 filing with the Securities and Exchange Commission.
The tap offering of registered notes priced at 104.33 plus 103 days’ accrued interest and will be consolidated with the initial C$500 million issued Oct. 12, 2023 to form a single series.
The notes are non-callable.
Bank of Montreal, London Branch, CIBC World Markets Inc., RBC Dominion Securities Inc. and Toronto-Dominion Bank are the joint lead managers and dealers for the additional notes.
The net proceeds from the sale of the notes will be included in the ordinary capital resources of the bank and will not be earmarked for any specific loans, projects or programs.
The notes are listed on the London Stock Exchange’s regulated market.
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: | C$750 million, add-on
|
| Issue: | Notes, series 885
|
| Maturity: | March 1, 2029
|
| Lead managers: | Bank of Montreal, London Branch, CIBC World Markets Inc., RBC Dominion Securities Inc. and Toronto-Dominion Bank
|
| Coupon: | 4.6%
|
| Price: | 104.33 plus 103 days’ accrued interest
|
| Call features: | Non-callable
|
| Pricing date: | Jan. 18
|
| Settlement date: | Jan. 23
|
| Distribution: | Registered
|
| Cusip: | 458182EL2
|
| Total issue: | C$1.25 billion, including C$500 million issued Oct. 12, 2023
|
|
|
© 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.
