Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
WASHINGTON - The Inter-American Development Bank (IDB) announced a $30 million issuance of callable notes with a 5.20 percent fixed interest rate, maturing on June 25, 2035.
According to a pricing supplement released Wednesday, the notes were issued at 100 percent of their face value under the bank’s Global Debt Program. The securities will pay interest annually on June 25, beginning in 2026 and continuing through maturity.
The notes include an issuer call option allowing IDB to redeem them in whole, but not in part, on June 25, 2026 at 100 percent of their principal amount. Investors must receive at least five business days’ notice before any early redemption.
Daiwa Capital Markets America Inc. served as the dealer for the transaction, which was not syndicated. The notes will be cleared through Euroclear Bank and Clearstream Banking with the international securities identification number (ISIN) XS3097455078.
No application has been made to list the notes on any stock exchange. The securities are governed by New York law and are available in registered form only, with authorized denominations of $10,000 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.
The information in this article is based on a press release statement from the Inter-American Development Bank dated June 25, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.