Inter-American Development Bank (IADB) (AAA/Aaa/AAA) priced a tap to its July 2022 Kangaroo bond on the second working day of the new year, having mandated the transaction a day earlier. Lead managers Nomura and RBC Capital Markets disclosed on January 3 that the deal would have minimum volume of A$150 million (US$107.85 million) with price guidance in the area of 46 basis points over semi-quarterly swap.