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IDB returns with rupiah notes

IDB returns with rupiah notes

April 14, 2020
DC-based development bank sells three-year sustainable bonds to help fund COVID-19 response

Bonds Debt Capital Markets Fixed Income Coronavirus Latin America United States

The Inter-American Development Bank (IDB) said on Monday that it raised IDR55 billion ($3.51 million) in its second bond deal in Indonesian rupiahs this year. JPMorgan was the sole arranger for the three-year, sustainable development bonds (SDBs), which priced with a coupon of 6.6%, the IDB said in a press release. The Euroclearable notes trade on the London Stock Exchange, it added. "This is IDB's second SDB issuance following the break in US dollars supply after days of turbulence in financial

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