February 10, 2021
The Inter-American Development Bank (IDB) said Tuesday that it raised $50 million to "reduce poverty and inequalities in Latin America and the Caribbean" through a private placement with Japan's Fukoku Mutual Life Insurance Company.
The IDB priced the 15-year notes with a coupon of 1.5% in its first private placement this year of sustainable development bonds (SDBs), the Washington DC-based development bank said in a press release.
Barclays managed the sale of the new Euroclearable notes, which
US-based development bank issues $50 mln in 15-year SDBs in a private placement with the Japanese insurer