January 10, 2020 |
The Inter-American Development Bank (IDB) has sold $3 billion worth of five-year bonds in US dollars, tightening the spread since a similar issue in January last year, according to a source at the bank.
The new 1.75% notes priced at 99.942 to yield 1.762%, or nine basis points over mid-swaps and 8.3 basis points over five-year US Treasury notes, the source said.
The IDB received $3.3 billion in orders for the five-year paper with 42% from investors in Asia Pacific, 40% in the Americas and 18% in
Regional development bank tightens the spread on its latest five-year notes