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IADB Raises $2.25B In Bond Sale

Inter-American Development Bank, the largest source of development financing for Latin America and the Caribbean, has raised $2.25 billion through a sale of global notes.

    Inter-American Development Bank(IADB), the largest source of development financing for Latin America and the Caribbean, has raised $2.25 billion through a sale of global notes,Reutersreports. The securities will mature on Oct.18, 2016.

    The notes carry a coupon rate of 1.375 percent.Citigroup,Deutsche BankandHSBC Holdingsserved as joint book runners for the transaction.

    Click here for the story fromReuters.

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