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North American Development Bank launches $250 million 10-year notes at Treasuries plus 65 bps
By Andrea Heisinger
New York, Oct. 19 - North American Development Bank launched a $250 million offering of 10-year notes (Aaa/AA+/) on Friday to yield Treasuries plus 65 basis points, a market source told Prospect News.
Bookrunners are Bank of America Merrill Lynch and BNP Paribas Securities Corp.
The issuer finances environmental projects along the United States and Mexico border and is based in San Antonio.
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