WASHINGTON - The Inter-American Development Bank (IDB) has issued $150 million worth of notes under its Global Debt Program, according to a recent pricing supplement. The notes carry a fixed interest rate of 4.21 percent and are set to mature on December 13, 2027.
The issue price for the notes is 100 percent of their aggregate principal amount, with the issue date recorded as December 20, 2024. The notes are denominated in U.S. dollars, with the minimum authorized denomination set at $10,000 and integral multiples thereof.
Interest on these notes will be paid semi-annually in arrears on June 13 and December 13 each year, with the first payment scheduled for June 13, 2025. The interest payment dates are subject to the Following Business Day Convention, without any adjustment to the calculated interest amount. The day count fraction for the interest is based on a 30/360 basis.
No applications have been made to list these notes on any stock exchange, and they are registered only, with no new global note issued. The notes will be cleared through Euroclear Bank SA/NV and Clearstream Banking S.A., with Wells Fargo (NYSE:WFC) Securities acting as the dealer for the issuance.
The IDB has stated that Wells Fargo Securities has agreed to cover all material expenses related to the issuance of the notes. The notes will not be subject to redemption at the option of the issuer or the note holders and will be governed by New York law.
The ISIN for the notes is XS2966293248, and the common code is 296629324. The notes are not intended to be held in a manner which would allow Eurosystem eligibility, and specific selling restrictions apply in various jurisdictions, including the United States, the United Kingdom (TADAWUL:4280), and Singapore, in compliance with relevant securities laws.
This issuance is part of the IDB's efforts to raise capital under its Global Debt Program and provides investors with an opportunity to invest in notes issued by a prominent international financial institution. The information provided is based on a press release statement from the IDB.
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