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Commentary & Deal Flow

SSA NEW ISSUE: IADB US$ bmk 4yr Sr Unsec FRN Pxng Weds; SOFR+31a

IGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Inter-American Development Bank

4yr

15-Oct-30

bmk

Sr Unsec

Floating

SOFR+31a


IPTs: 4yr: SOFR+31a


  • Issuer: Inter-American Development Bank (IADB)
  • Rating: Aaa / AAA (all stable)
  • Format: Global (SEC Exempt)
  • Settlement: 15-Oct-26 (T+5)
  • Maturity: 15-Oct-30
  • Size: US$ Benchmark
  • Denoms: US$1k + US$1k
  • Coupon: FRN, Compounded SOFR + []bps, Quarterly, ACT/360
  • Convention: SOFR Index where SOFR Index Start and SOFR Index End will be 5 days prior to Interest Period
  • Listing: London Stock Exchange’s Regulated Market
  • Docs: Issuer's Global Debt Programme
  • Law: New York
  • Clearing: Fedwire, Euroclear, Clearstream
  • Leads: BNPP / BofA / Scotiabank (B&D)
  • Target Market: For MIFID II/UK MiFIR purposes, all target markets and all distribution channels are eligible
  • Timing: Taking IOIs, tomorrow’s business