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LONDON - The Inter-American Development Bank (IDB) has issued £100 million ($128 million) in notes as part of its Global Debt Program, according to a press release issued Monday. The 5.000 percent notes due July 20, 2030, will be consolidated with five previous tranches to form a single series.
The new tranche represents the sixth issuance in the series, bringing the total value to £1.05 billion. The notes were priced at 103.964 percent plus four days’ accrued interest.
The IDB has applied for the notes to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s UK Main Market.
Merrill Lynch International served as the dealer for the transaction. The notes will be cleared through Euroclear Bank SA/NV and Clearstream Banking S.A.
The proceeds from the sale will be included in the IDB’s ordinary capital resources and will not be earmarked for specific loans, projects, or programs. The bank focuses on reducing poverty and inequality in Latin America and the Caribbean through economic and social development initiatives.
The IDB’s strategic priorities include social inclusion, productivity, innovation, and economic integration, with cross-cutting focuses on gender equality, climate change, and institutional capacity.
The notes are exempt securities within the meaning of Section 3(a)(2) of the U.S. Securities Act of 1933 and Section 3(a)(12) of the U.S. Securities Exchange Act of 1934.
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