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WASHINGTON - The Inter-American Development Bank (IDB) announced on Monday the issuance of HKD 1.52 billion (approximately USD 194 million) in notes with a 2.875 percent fixed interest rate. The five-year notes will mature on September 12, 2030, according to a statement released by the bank.
The notes were issued at 100 percent of their principal amount under the bank’s Global Debt Program as Series No. 1007. HSBC Bank plc served as the dealer for the transaction.
Interest on the notes will be paid annually, with the first payment scheduled for September 12, 2026. The notes will initially be represented by a temporary global note in bearer form, with authorized denominations of HKD 1 million.
The securities will be cleared through Euroclear Bank SA/NV and Clearstream Banking S.A., with no application made to list the notes on any stock exchange. The notes carry the ISIN code XS3173756621.
Under the provisions of Section 11(a) of the Inter-American Development Bank Act, the notes are classified as exempted securities within the meaning of U.S. securities laws.
The IDB, a multilateral development bank, provides financial support for economic, social, and institutional development projects in Latin America and the Caribbean through loans, grants, and technical assistance.
This information is based on a pricing supplement released by the Inter-American Development Bank.
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