S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
LONDON - The Inter-American Development Bank (IDB) has issued £500 million ($630 million) in notes due August 18, 2032, as part of its Global Debt Program, according to a statement released Monday.
The 4.375 percent notes were priced at 99.946 percent of their aggregate principal amount. The issue represents Series No. 996 under the bank’s debt program.
Application has been made for the notes to be admitted to the Official List of the UK Financial Conduct Authority and to trading on the London Stock Exchange (LON:LSEG)’s Main Market.
HSBC Bank, Merrill Lynch International, and The Toronto-Dominion Bank (TSX:TD) are serving as managers for the syndicated offering.
The notes will be available in registered form with a minimum denomination of £1,000. Interest will be paid annually on August 18, with the first payment scheduled for August 18, 2025.
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, under provisions of the Inter-American Development Bank Act.
Settlement will be conducted through Euroclear Bank and Clearstream Banking. The notes will be governed by New York law.
The Inter-American Development Bank, a multilateral financial institution, uses its debt issuance to fund development projects across Latin America and the Caribbean.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.