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, Reuters reports. The securities will mature on Oct.18, 2016. The notes carry a coupon rate of 1.375 percent. Citigroup, Deutsche Bank and HSBC Holdings served as joint book runners for the transaction.

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