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IDB launches global sustainable development bond

07/26/2024 Since 1 year

The Inter-American Development Bank (IDB) has completed the issuance of a new 1 billion dollars sustainable development bond in the London Stock Exchange.

The 5-year term placement is linked to the Secured Overnight Financing Rate (SOFR) index. Banks and Private banks (66%) were the largest investor type in the issuance, followed by Central Banks and Official Institutions (17%) and Fund Managers and Corporates (17%). BMO Capital Markets, BofA Securities and Scotiabank were the joint lead managers of the transaction.

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