By Mary-Katherine Stinson
Lexington, Ky., March 21 – Inter-American Development Bank sold another $200 million add-on to its global floating-rate notes, series 846, due Oct. 4, 2027, according to a pricing supplement.
The notes will be consolidated and form a single series with the bank’s $500 million floating-rate notes issued Oct. 4, 2022, $200 million issued Feb. 7, 2023, $100 million issued Feb. 14, 2023, $200 million issued Nov. 21 and $200 million issued Dec. 7.
The add-on priced at 100.226 plus 76 days’ accrued interest.
The total issue price is $202,858,000 which includes accrued interest totaling $2,406,000.
BMO Capital Markets Corp. and Deutsche Bank AG, London Branch are the dealers.
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: | $200 million
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| Issue: | Global floating-rate notes, series 846, tranche 6
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| Maturity: | Oct. 4, 2027
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| Dealer: | BMO Capital Markets Corp. and Deutsche Bank AG, London Branch
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| Coupon: | SOFR plus 35 bps, floor of 0%
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| Price: | 100.226 plus accrued interest
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| Pricing date: | March 18
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| Settlement date: | March 20
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| Cusip: | 4581X0EG9
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| Total issuance: | $1.4 billion, including $500 million issued Oct. 4, 2022 (tranche 1), $200 million issued Feb. 7, 2023 (tranche 2), $100 million issued Feb. 14, 2023 (tranche 3) and $200 million issued Nov. 21 (tranche 4) and $200 million issued Dec. 7 (tranche 5)
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