June 11, 2019 |
The Inter-American Development Bank (IDB) intends to sell at least $1bn in new 10-year bonds on Tuesday in its sixth dollar-denominated debt deal this year, LatinFinance has heard.
The bookrunner Citi, Goldman Sachs and TD Securities have set the initial price talk at 16bp over mid-swaps, said a source involved in the deal.
The IDB has placed $3.9bn in dollar bonds this year, including a five-year, $3.25bn deal in January that priced with a 2.625% coupon to yield 2.74%, or 10bp over mid-swaps
Latin American development bank aims to raise at least $1bn from the sale of new 10-year notes