New Issue: IADB sells $750 million floaters due 2018 at Libor plus 3 bps

By Aleesia Forni

Virginia Beach, Va., Sept. 5 - Inter-American Development Bank priced $750 million of five-year floating-rate notes (Aaa/AAA/) on Thursday at par to yield Libor plus 3 basis points, according to an informed source.

BNP Paribas Securities Corp., Deutsche Bank Securities Inc. and HSBC Securities were the joint bookrunners.

The provider of development financing for Latin America and the Caribbean is based in Washington, D.C.

Issuer:	Inter-American Development Bank
Securities:	Floating-rate notes
Amount:	$750 million
Maturity:	Sept. 12, 2018
Bookrunners:	BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities
Coupon:	Libor plus 3 bps
Price:	Par
Yield:	Libor plus 3 bps
Trade date:	Sept. 5
Settlement date:	Sept. 12
Ratings:	Moody's: Aaa
	Standard & Poor's: AAA

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