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WASHINGTON - The Inter-American Development Bank (IDB) has issued £50 million ($65.7 million) in notes with a 4.750 percent interest rate due October 5, 2029, according to a press release statement.
The notes, priced at 102.475 percent plus 354 days of accrued interest, will be consolidated with six previous tranches to form a single series. The combined issuance now totals £1.325 billion in 4.750 percent notes maturing in 2029.
The latest tranche, issued Wednesday, represents the seventh installment in the series. Previous tranches include £300 million issued in November 2023, £200 million in March 2024, £200 million in June 2024, £450 million in January 2025, £50 million in April 2025, and £75 million in June 2025.
Application has been made for the notes to be admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange’s UK Main Market.
The notes are denominated in British pounds sterling with interest to be paid annually on October 5, starting October 5, 2025, until maturity. They are governed by New York law and will be cleared through Euroclear Bank and Clearstream Banking.
Banco Santander served as the dealer for this issuance. Under provisions of the Inter-American Development Bank Act, the notes are exempted securities within the meaning of U.S. securities laws.
The IDB issues debt under its Global Debt Program to fund development activities across Latin America and the Caribbean.
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