June 22, 2021
The Inter-American Development Bank (IDB) issued CAD750 million ($607 million) in five-year sustainable development bonds (SDBs), setting a new benchmark in its first debt deal in Canadian dollars this year, it said in a press release on Monday.
The new 2026 bonds carried a 1% coupon and priced at 99.433 to yield 1.117%, or 28.1 basis points over Canadian government bonds. The bookrunners were CIBC, National Bank, RBC and Scotiabank, IDB said.
Banks and corporate investors acquired 59% of the bo
US-based development bank resets the CAD benchmark with $607 mln in new 2026 bonds