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IDB talks pricing for next benchmark bond

IDB talks pricing for next benchmark bond

June 22, 2022 | Hernán Goicochea
US-based development banks opens IPTs at nine basis points over SOFR mid-swaps, head of funding says

Corporate & Sovereign Strategy Bonds Debt Inter-American Development Bank (IDB) Fixed Income Capital Markets Latin America Caribbean United States

The Inter-American Development Bank (IDB) has set the initial price talk on the sale of two-year dollar-denominated bonds at nine basis points over 30-day SOFR mid-swaps, Laura Fan, head of funding at the Washington DC-based lender, told LatinFinance. The IDB has started calling investors and expects to price roughly $2 billion in 2024 notes on Wednesday with BMO, Morgan Stanley, Nomura and Wells Fargo as joint bookrunners, Fan said. The bank priced two benchmark-sized bond sales in the dollar m

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