IDB taps pound notes

IDB taps pound notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Latin America

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

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