IDB Invest places three-year floater

IDB Invest places three-year floater

Bonds Capital Markets Corporate & Sovereign Strategy Asia Europe

Multilateral IDB Invest placed a three-year, $500m floating rate bond earlier this week. The private arm of the IDB Group said Citi, HSBC and JPMorgan acted as the bookrunners on the transaction. IDB Invest placed the October 2021s at a quarterly rate of 0.09% over Libor. Orders were 1.2x oversubscribed and the securities were listed on the London Stock Exchange. The transaction was IDB Invest's first cross-border dollar effort since changing its name from the IIC. Proceeds complete 80% of the b

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