September 30, 2020 |
The Inter-American Development Bank (IDB) is in the bond market with a tap of its 0.75% 2025 sustainable development bonds (SDBs) in Canadian dollars, Laura Fan, head of funding at the IDB, said in an email on Tuesday.
With Bank of Montreal, Bank of America and Scotiabank as bookrunners, the development bank set the initial price talk on another CAD400 million ($299 million) in 2025 notes at six basis points under mid-swaps, Fan said. It expects to price the deal on Wednesday, she added.
US-based development bank plans to add $300 mln to its 2025 sustainable notes in Canadian dollars