IADB Sells $2.5B, 5Y Bonds At Midswaps Benchmark +10 BP

18th Jun 2010 18:54

By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The Inter-American Development Bank sold $2.5 billion in five-year bonds with a 2.250% semi-annual coupon at a price of 99.426 to yield 2.125%, or a spread of 10 basis points over Midswaps. The joint bookrunners were J.P. Morgan, Morgan Stanley and RBC Capital Markets and the co-managers were Barclays Capital, BBVA, Citigroup, Credit Suisse, Daiwa Capital Markets, Deutsche Bank, HSBC, Royal Bank of Scotland, TD Securities and UBS. The bonds are rated AAA by Standard & Poor's and Aaa by Moody's Investors Service. Terms are as follows: Amount: $2.5 billion Maturity: July 15, 2015 Coupon: 2.250% Price: 99.426 Yield: 2.125% Spread: 10 basis points over Midswaps Settlement: June 25, 2010 Ratings: Aaa (Moody's Investors Service) AAA (Standard & Poor's) -By Katy Burne, Dow Jones Newswires; 212-416-3084; [email protected] (END) Dow Jones Newswires June 18, 2010 13:54 ET (17:54 GMT)