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LONDON - The Inter-American Development Bank (IADB) has successfully completed its offering of USD 2 billion in fixed-rate notes due on June 14, 2030, with a coupon of 3.750%. J.P. Morgan Securities PLC, the appointed Stabilisation Coordinator, announced today that no stabilisation actions were required or undertaken in connection with the securities offering.
The notes, which were priced at 99.665, are listed on the London Stock Exchange (LON:LSEG)’s Regulated Market. The offering did not involve a guarantor. In addition to J.P. Morgan Securities PLC, HSBC, RBCCM, and Scotiabank (TSX:BNS) served as Stabilisation Managers for the transaction.
The completion of this offering marks an important financial event for the IADB, which supports economic and social development in Latin America and the Caribbean. The absence of stabilisation actions indicates that the market received the offering well, reflecting investor confidence in the bank’s creditworthiness and the attractiveness of the investment.
Stabilisation measures are typically executed by underwriters to support the market price of securities following an offering, especially if there is volatility or a lack of liquidity. The fact that no such measures were taken suggests that the demand for the IADB notes was in line with supply and expectations.
This financial update is based solely on the press release statement and is intended to provide investors and the public with key information regarding the IADB’s recent securities offering. The details provided herein do not constitute an offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
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