September 28, 2022 |
The Inter-American Development Bank (IDB) sold $500 million worth of five-year bonds on Tuesday in its sixth benchmark-sized deal of the year, according to information from Bloomberg.
The IDB priced the new 2027 floating-rate notes at par to yield 35 basis points over SOFR mid-swaps after opening the deal around the same rate, Bloomberg said. BMO, Bank of America and Scotiabank were joint bookrunners on the sale, it added.
In previous bond sales this year, the bank issued $3 billion in 2029 sust
US-based development banks issues $500 mln in five-year, SOFR-based notes