IDB Invest issues social bonds in Aussie dollars

IDB Invest issues social bonds in Aussie dollars

International Financial Institutions Inter-American Development Bank (IDB) Bonds Debt Fixed Income ESG Social Bonds Sustainable Development Bonds Sustainability Bonds Capital Markets Latin America Australia United States

IDB Invest, an affiliate of the Inter-American Development Bank (IDB), said Wednesday that it sold its first social bonds in Australian dollars, raising AUD400 million ($303 million) to finance projects through a framework that it introduced this year. The new 2026 bonds carried a coupon of 1.1% and an issue price at 99.673 to yield 1.1675%, or 41.25 basis points over Australian government bonds and 30 basis points over mid-swaps, IDB Invest said in a press release. Deutsche Bank, RBC and TD Sec

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