IDB Invest issues first blue bonds for LatAm

IDB Invest issues first blue bonds for LatAm

Corporate & Sovereign Strategy IDB Invest Inter-American Development Bank (IDB) International Financial Institutions Bonds Debt Fixed Income Latin America Caribbean ESG Capital Markets

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Wednesday that it issued the first blue bonds for Latin America and the Caribbean, raising AUD50 million ($37.2 million) to fund ocean and freshwater conservation projects. The 10-year notes carried a coupon of 2.2% and priced at 99.488 to yield 2.2575% with TD Securities as the lead arranger, IDB Invest said in a press release. IDB Invest announced the blue bond sale at the United Nations climate confere

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