IDB Invest sells transition bonds in private placement

IDB Invest sells transition bonds in private placement

International Financial Institutions IDB Invest Inter-American Development Bank (IDB) Bonds Debt ESG Green Bonds Green Finance Sustainable Development Bonds Sustainability Bonds

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said it issued $100 million in 10-year transition bonds in a private placement with Japanese life insurance company Meiji Yasuda Life. Citi arranged the sale of new 2031 notes, which priced with a coupon of 1.69%, IDB Invest said in a press release on Thursday. The private placement was the third deal and the first green bond sale under the sustainable debt framework that IDB Invest introduced earlier this yea

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