IDB completes third cross-border bond of 2018

IDB completes third cross-border bond of 2018

Bonds Capital Markets

The IDB raised $2.8bn in 10-year, cross-border debt this week, pricing the 2028 note with a 3.125% coupon after central banks and official institutions made up the majority of the order book. The multilateral financier priced the notes at 18.15bp over the 10-year US Treasury bond, indicating a yield of 3.15%. Orders swelled to $4.1bn, according to a statement from the IDB. The deal was the financier's third dollar bond this year, following new issuances in April and January. The IDB has raise

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