IDB prints largest debt deal this year

IDB prints largest debt deal this year

Corporate & Sovereign Strategy Inter-American Development Bank (IDB) Bonds Debt Fixed Income Latin America Capital Markets

The Inter-American Development Bank (IDB) completed its largest debt deal so far this year on Tuesday, issuing $4.25 billion in five-year dollar-denominated bonds as orders peaked at $8.35 billion, according to Laura Fan, the head of funding at the Washington DC-based lender. The IDB priced the new 0.875% 2026 notes at 99.542 to yield 0.969%, level with mid-swaps and 10.5 basis points over five-year US Treasury bonds, Fan said in an email. BNP Paribas, Goldman Sachs, JPMorgan and Morgan Stanley

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