March 18, 2021
IDB Invest, the private sector sector division of the Inter-American Development Bank (IDB), could raise up to MXN2.5 billion ($122 million) through an upcoming bond sale in the Mexican market, according to S&P Global Ratings.
S&P assigned the 2024 bullet bonds an mxAAA rating on the local scale, based on the AA rating on the global scale that it gives IDB Invest, it said in a report on Tuesday.
IDB Invest has become an "important partner in key projects in the region," arranging some $1
IDB's private sector division aims to raise $122 mln in what could be its largest MXN-denominated debt deal to date