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WASHINGTON - The Inter-American Development Bank (IDB) has issued INR 2 billion (approximately USD 23.45 million) in notes due October 6, 2030, according to a press release issued Thursday.
The 7.35 percent notes represent the ninth tranche of the bank’s Series 884 issuance and will be consolidated with previous tranches to form a single series. The notes were priced at 103.85 percent plus 10 days’ accrued interest.
While denominated in Indian Rupees, all payments related to these notes will be made in U.S. dollars. The issue price is payable in USD at an exchange rate of 88.76 INR per USD.
The notes have been admitted to the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange’s UK Regulated Market, with J.P. Morgan Securities plc serving as the dealer for the transaction.
This issuance follows eight previous tranches in the same series, with the first tranche of INR 30 billion issued on October 6, 2023. Subsequent tranches were issued between February 2024 and June 2025, bringing the total series value to approximately INR 78 billion including this latest issuance.
Interest payments will be made annually on October 6, beginning in 2026 and continuing through the maturity date in 2030. The notes are available in denominations of INR 1 million and integral multiples thereof.
The IDB’s Global Debt Program allows the bank to raise funds in international capital markets to support its development financing activities across Latin America and the Caribbean.
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