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IADB talks $500 million floaters due 2022 at Libor plus 3 bps area
By Cristal Cody
Tupelo, Miss., June 6 – The Inter-American Development Bank (Aaa/AAA) plans to price $500 million of global floating-rate notes due March 15, 2022 on Thursday, according to a market source.
The notes were initially talked to price in the Libor plus 3 basis points area.
BofA Securities, Inc., BMO Capital Markets Corp. and Morgan Stanley & Co. LLC are the bookrunners.
The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.
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