By Aleesia Forni
Virginia Beach, Nov. 19 – Inter-American Development Bank priced $300 million of floating-rate global notes (Aaa/AAA/) due 2018 at par to yield Libor plus 4 basis points, according to a market source.
The notes sold in line with talk.
RBS Securities Inc. and Nomura were the bookrunners.
The issuer provides financing for Latin American and Caribbean countries and is based in Washington, D.C.
| Issuer: | Inter-American Development Bank
|
| Amount: | $300 million
|
| Description: | Global notes
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| Maturity: | Nov. 26, 2018
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| Bookrunners: | RBS Securities Inc., Nomura
|
| Coupon: | One-month Libor plus 4 bps
|
| Price: | Par
|
| Yield: | One-month Libor plus 4 bps
|
| Trade date: | Nov. 19
|
| Ratings: | Moody’s: Aaa
|
| Standard & Poor's: AAA
|
| Price talk: | One-month Libor plus 4 bps area
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