IDB Invest issues blue bond to finance water projects in Latin America and the Caribbean

IDB Invest issued the second blue bond under its Sustainable Debt Framework. The 15-year issue, for an amount in Australian dollars equivalent to US$24 million, obtained a AAA/Aa1/AA+ debt rating.

The proceeds will be used to finance private sector projects that are related to Sustainable Development Goal #6 Clean Water and Sanitation, and will promote the sustainable use of water resources for economic growth, improved livelihoods and jobs, as well as ocean conservation.

Taiju Life Insurance Company is the sole investor in the bond, led by Citibank. This bond expands IDB Invest’s series of green and blue bonds issued to Japanese life insurance companies.