Commentary & Deal Flow

Reoffer: 4yr: SOFR+30bp / 100

Launched: 4yr: US$1bn @ SOFR+30bp - Books closed in excess of US$1.75bn (excl. JLM interest)
Spread set at: 4yr: SOFR+30bp - Books in excess of US$1.7bn (excl. JLM interest)
Book Update: IOIs in excess of US$1.1bn (excl. JLM interest)
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$1bn
• Spread: SOFR + 30bps
• Re-offer: 100%
• Denoms: US$1k + US$1k
• Coupon: FRN, Compounded SOFR + 30bps, 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)
• ISIN: US4581X0FC78
• Target Market: For MIFID II/UK MiFIR purposes, all target markets and all distribution channels are eligible
• Timing: Priced - TOE 5.00pm UKT, FTT Immediately