Inter American Development adds A$125 mln to bond

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SYDNEY, Jan 25 (Reuters) - The Inter-American Development
Bank (IADB) [IADB.UL] has launched and priced a A$125 million
($111 million) increase to a Kangaroo bond issue due in 2010,
sole lead Commonwealth Bank of Australia said on Friday.

Earlier on Friday, the same issuer increased a Kauri bond
by NZ$200 million.

The deal details are as follows:

Issuer: Inter-American Development Bank (IADB)

Facility: Domestic fixed rate Kangaroo bond increase

Amount: A$125 million

Total on issue: A$850 million

Maturity: Dec. 22, 2010

Set date: Jan. 31

Coupon: 5.75%

Yield: 7.105%

Spread: +55 bps over the June 2011 Commonwealth

of Australia government bond

Clean price: 96.505

Lead(s): CBA

Issuer rating: triple A by all major agencies
($1=A$1.13)
(Reporting by Cecile Lefort)