April 15, 2021 |
The Inter-American Development Bank (IDB) completed its largest debt deal so far this year on Tuesday, issuing $4.25 billion in five-year dollar-denominated bonds as orders peaked at $8.35 billion, according to Laura Fan, the head of funding at the Washington DC-based lender.
The IDB priced the new 0.875% 2026 notes at 99.542 to yield 0.969%, level with mid-swaps and 10.5 basis points over five-year US Treasury bonds, Fan said in an email. BNP Paribas, Goldman Sachs, JPMorgan and Morgan Stanley
US-based development bank issues $4.25 bln worth of five-year notes in a sale that was almost two times oversubscribed