January 11, 2019 |
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 JPMor
Regional development bank sells $3.25bn in five-year notes at less than 2.75%