By Mary-Katherine Stinson
Lexington, Ky., March 20 – Inter-American Development Bank sold a Rs. 1.7 billion add-on of 7% notes due April 17, 2033, according to a pricing supplement.
The additional notes priced at 100.973 plus Rs. 109,571,038.25 representing 337 days’ accrued interest.
Principal payment and interest amounts are payable in U.S. dollars.
The issue price will be payable in the amount of $22,030,546.97 at the agreed rate of Rs. 82.89 per $1.00.
Toronto-Dominion Bank 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, 2023, Rs. 4.25 billion issued on July 12, 2023 and Rs. 3.5 billion issued on Sept. 8, 2023.
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
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| Amount: | Rs. 1.7 billion
|
| Issue: | Notes, series 869, tranche 4
|
| Maturity: | April 17, 2033
|
| Bookrunner: | Toronto-Dominion Bank
|
| Coupon: | 7%
|
| Price: | 100.973
|
| Call features: | Non-callable
|
| Puts: | No
|
| Trade date: | March 14
|
| Settlement date: | March 19
|
| ISIN: | XS2608242108
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| Total issue: | Rs. 13.7 billion, including Rs. 4.25 billion issued on April 17, 2023; Rs. 4.25 billion issued on July 12, 2023; and, Rs. 3.5 billion issued on Sept. 8, 2023
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