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IDB issues first rupiah notes

IDB issues first rupiah notes

February 11, 2020
Development bank plans to issue more bonds in different currencies this year

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income United States Asia

The Inter-American Development Bank (IDB) said it sold its first notes in Indonesian rupiahs on Friday last week, pricing IDR1.37 trillion ($100 million) in three-year sustainable development bonds with a coupon of 5.5%. Deutsche Bank was the sole arranger on the deal, the IDB said in a press release. The Euroclearable notes trade on the London Stock Exchange, it added. The IDB has now issued sustainable bonds in seven different currencies. It hopes to add to that list this year "due to strong i

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