IADB slips in to tap 2022 FRNs

IADB headquarters

The Inter-American Development Bank ducked into the market with a $250m tap of its March 2022 floating rate notes on Thursday, printing the deal in line with guidance.

By Mike Turner
11 Jul 2019

The triple-A name started taking indications of interest on Wednesday at 5bp over three month dollar Libor, before setting the spread at that level just after lunchtime on Thursday.

The tap brings the total deal size up to $750m.

Bank of America Merrill Lynch, Barclays and BMO Capital Markets ran ...

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