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LONDON - The Inter-American Development Bank (IDB) has issued £100 million ($127 million) in notes with a 4.000 percent interest rate due December 17, 2029, according to a press release issued Monday.
The notes represent the sixth tranche of the bank’s Series 865 offering and will be consolidated with previous tranches to form a single series. The combined series now totals £900 million following earlier issuances dating back to March 2023.
Priced at 99.610 percent plus 237 days’ accrued interest, the notes were issued with a total value of £102,207,000. TD Securities served as the dealer for the transaction.
The IDB stated that proceeds from the notes will be included in its 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 by promoting sustainable economic and social development.
The notes have been admitted to the Official List of the UK Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s Regulated Market. They are available in denominations of £1,000 and integral multiples thereof.
Under the Inter-American Development Bank Act, the notes qualify as exempted securities within the meaning of U.S. securities laws. Interest payments will be made annually on December 17, with the first payment scheduled for December 17, 2025.
The IDB’s strategic priorities include social inclusion, productivity innovation, and economic integration, with cross-cutting focus on gender equality, climate change, and institutional capacity.
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