By Cristal Cody
Tupelo, Miss., June 13 – Inter-American Development Bank (Aaa/AAA) priced $600 million of global floating-rate notes due July 15, 2022 on Tuesday on top of guidance at Libor plus 7 basis points, according to a market source.
The five-year notes were talked initially to price at the Libor plus 7 bps area.
BMO Capital Markets Corp., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC were the bookrunners.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $600 million
|
| Description: | Global floating-rate notes
|
| Maturity: | July 15, 2022
|
| Bookrunners: | BMO Capital Markets Corp., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC
|
| Coupon: | Libor plus 7 bps
|
| Trade date: | June 13
|
| Ratings: | Moody's: Aaa
|
| S&P: AAA
|
| Price talk: | Libor plus 7 bps area
|
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