IDB Invest expands its presence in the euro market with a 7-year benchmark bond

IDB Invest has successfully completed the second placement of a reference bond denominated in euros, for an amount of 500 million euros on the London Stock Exchange. The 7-year term bond pays a fixed annual coupon rate of 3.125%.

The transaction was oversubscribed with orders summing up 1,000 million euros among 40 investors. The distribution by type of investor was concentrated in banks (49%), central banks and official institutions (33%), asset managers (11%) and pension funds and insurance (8%), among others. Deutsche Bank, DZ Bank, HSBC and TD Securities acted as joint brokers in the transaction.