IDB launches USD 2.25 billion 10-year Sustainable Development Bond

The Inter-American Development Bank (IDB) priced a new 2.25 billion dollars 10-year Global Sustainable Development Bond in the London Stock Exchange, extending its curve with a new liquid long-end reference.

The transaction pays a semi-annual coupon of 3.500% and matures in 2033. The orderbook, in excess of 3.1 billion dollars, consisted of high-quality accounts, anchored by Banks/Bank Treasuries and Central Banks /Official Institutions with 45% and 30% of the final allocation, respectively.