The Inter-American Development Bank sold $2.5 billion in five-year bonds with a 2.250% semi-annual coupon at a price of 99.426 to yield 2.125%, or a spread of 10 basis points over Midswaps. The joint bookrunners were J.P. Morgan, Morgan Stanley and RBC Capital Markets and the co-managers were Barclays Capital, BBVA, Citigroup, Credit Suisse, Daiwa Capital Markets, Deutsche Bank, HSBC, Royal Bank of Scotland, TD Securities and UBS. The bonds are rated AAA by Standard & Poor's and Aaa by Moody's Investors Service. Terms are as follows:

 
Amount: $2.5 billion 
Maturity: July 15, 2015 
Coupon: 2.250% 
Price: 99.426 
Yield: 2.125% 
Spread: 10 basis points over Midswaps 
Settlement: June 25, 2010 
Ratings: Aaa (Moody's Investors Service) 
AAA (Standard & Poor's)

-By Katy Burne, Dow Jones Newswires; 212-416-3084; katy.burne@dowjones.com