Chicago, Sept. 10 – Inter-American Development Bank sold an upsized offering of $600 million of global floating-rate notes due June 16, 2026 on Thursday, a market source reported.
The notes have a coupon of 17 basis points over SOFR.
Price talk was for a yield in the SOFR plus 17 bps area.
Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and TD Securities (USA) LLC are bookrunners.
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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| Issue: | Global floating-rate notes
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| Amount: | $600 million
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| Maturity: | June 16, 2026
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| Bookrunners: | Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and TD Securities (USA) LLC
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| Coupon: | SOFR plus 17 bps
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| Trade date: | Sept. 10
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| Price talk: | SOFR plus 17 bps area
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