WASHINGTON - The Inter-American Development Bank (IDB) has announced the issuance of $10 million in multi-callable notes with a 5.13 percent fixed interest rate, maturing on November 26, 2034. The notes, which are part of the bank's global debt program, were priced at 100 percent of their aggregate principal amount.
The issue date for the notes is today, with the interest payments set to be made annually in arrears starting from November 26, 2025, until the maturity date. The interest rate has been fixed at 5.13 percent per annum. The notes, which are registered only, have been denominated in U.S. dollars with the principal and interest payable in the same currency.
The IDB has included an issuer's optional redemption clause, allowing them to redeem the notes in whole, but not in part, on November 26 of each year, beginning in 2026 and continuing until 2033. The redemption price is set at 100 percent of the authorized denomination.
The notes have not been listed on any stock exchange, and no commissions or concessions are payable in respect of them. The financial centers relevant to the notes are New York and London, and the applicable governing law is that of New York.
Nomura International plc acted as the dealer for this issue, and it has been confirmed that the notes will not be syndicated. The dealer has agreed to cover all material expenses related to the issuance of the notes, excluding any applicable London Stock Exchange (LON:LSEG) listing fees, which would be paid by the issuer.
The issuance comes with certain selling restrictions, including exemptions under U.S. securities laws and compliance with the UK Financial Services and Markets Act 2000, among others. The notes have been identified as "prescribed capital markets products" in Singapore, meaning they are subject to specific regulatory treatment in that jurisdiction.
This financial move by the IDB is based on a press release statement and provides investors with a new debt instrument option. The bank's decision to issue these notes adds to the variety of financial instruments available in the market, although the IDB has not disclosed any specific projects or initiatives that these funds will support.
Investors interested in the IDB's latest debt offering will note the fixed interest rate and the optional redemption feature as key terms of the notes. However, the lack of a stock exchange listing may affect the liquidity and trading options for the notes.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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