June 24, 2021
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
IDB's private sector affiliate raises $303 mln to fund projects through a sustainable debt framework that it introduced this year