IDB opens new funding program

IDB opens new funding program

Bonds Debt Capital Markets Fixed Income Loans US

The IDB said it has issued $3.25bn in bonds, setting a new fixed-rate benchmark in US dollars. The five-year notes priced with a 2.625% coupon to yield 2.74%, or 10bp over mid-swaps and 17.05bp over 2023 US Treasury bonds, the IDB said in a press release. "Pricing was impressive, with a minimal new issue premium and was also IDB's tightest spread to mid-swaps for a five-year benchmark since 2015," said Hector Snuggs, director of debt capital markets at HSBC. Barclays, BNP Paribas, HSBC and JP

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