The Inter-American Development Bank (IDB) sold $1.5 billion worth of 3.2-year bonds on Tuesday, marking its fifth benchmark size deal in the international market this year, according to a source involved in the transaction.
The IDB priced 4.375% 2027 notes at $99.915 to yield 4.406%, equal to a spread of 35 basis points over SOFR mid-swaps, the source said. The lender opened the deal on Monday at around the same rate.
BNP Paribas, Nomura and TD Securities were joint bookrunners on the sale, the source added.
Investors placed as much as $2.1 billion in orders, according to IFR News.
The development bank previously sold $2 billion worth of 10-year bonds in September, $3 billion in three-year bonds in June, $2.25 billion in 10-year sustainable bonds in April and $2 billion in five-year notes in January.