October 8, 2020 |
The Inter-American Development Bank (IDB) increased the size of a planned tap of pound-denominated bonds to meet demand on Wednesday, adding £650 million ($840 million) to the 1.5% 2025 bonds after receiving £725 million in orders.
The Washington DC-based development bank priced the tap at 104.997 to yield 0.271%, or 32 basis points over the 2% 2025 gilt, Laura Fan, head of funding at the IDB, said in an email to LatinFinance.
The IDB opened the order books for at least £300 million in 2025 note
US-based development bank raises $840 mln in its largest bond sale in sterling this year