IDB reopens GBP bonds

IDB reopens GBP bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income US Europe

The Inter-American Development Bank (IDB) has added £500 million ($654 million) to its 2024 pound-denominated notes in its first bond deal of the year, according to a source at the bank. The bookrunners Bank of America, NatWest and Nomura priced the retap at 38 basis points over the 2.75% 2024 UK Treasury notes, the source said. The reopening received £620 million in orders with 66% from banks, 25% from asset management firms and 9% from official institutions.  UK investors acquired 84% of the n

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