January 6, 2020 |
The Inter-American Development Bank (IDB) has added £500 million ($654 million) to its 2024 pound-denominated notes in its first bond deal of the year, according to a source at the bank.
The bookrunners Bank of America, NatWest and Nomura priced the retap at 38 basis points over the 2.75% 2024 UK Treasury notes, the source said.
The reopening received £620 million in orders with 66% from banks, 25% from asset management firms and 9% from official institutions.
UK investors acquired 84% of the n
Regional development bank adds $654 mln to its 2024 notes in its first trade of the year