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WASHINGTON - The Inter-American Development Bank (IDB) announced Monday it has issued A$100 million (approximately US$66 million) in fixed-rate medium-term notes due January 24, 2029, with a 3.85% coupon rate.
The notes will be consolidated with the bank’s existing A$500 million notes issued in May 2023, forming a single series with the same maturity date and interest rate, according to a statement released by the bank.
The issue was priced at 100.365% of the principal amount, plus accrued interest of A$282,000 for the period from July 24 to August 19, 2025. Interest will be paid semi-annually on January 24 and July 24, with the first payment scheduled for January 2026.
Royal Bank of Canada acted as the dealer for the underwritten issue. The notes have been assigned the same ISIN code (AU3CB0299428) as the existing notes in the series.
The IDB’s Australian Dollar Medium Term Note Program has received AAA and Aaa ratings from Standard & Poor’s and Moody’s Investors Service, respectively, reflecting the bank’s strong credit profile.
The minimum subscription amount for the notes is A$500,000, in compliance with Australian regulatory requirements. The notes will be settled through the Austraclear System, with interests also tradable through Euroclear and Clearstream, Luxembourg.
This issuance is part of the IDB’s ongoing funding activities to support its development lending operations across Latin America and the Caribbean. The bank, which serves as the main source of multilateral financing for economic development in the region, regularly taps international capital markets to fund its operations.
The information was disclosed in a press release statement from the Inter-American Development Bank.
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