IDB Invest issues decarbonization bond in Aussie dollars

IDB Invest issues decarbonization bond in Aussie dollars

Bonds Debt Fixed Income Capital Markets ESG Sustainability Bonds Sustainable Development Bonds Green Bonds Latin America United States Japan Energy Solar Wind

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Tuesday that it issued AUD68 million ($49.6 million) in so-called decarbonization bonds to fund a clean energy plan. Japanese life insurance company Sumitomo Life acquired the 10-year notes in a private placement that priced with a coupon of 1.749%, IDB Invest said in a press release. Daiwa was the lead arranger on the deal, it added. IBD Invest said it will use the proceeds for its climate change action

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