IDB issues largest SOFR bond deal this year

IDB issues largest SOFR bond deal this year

Bonds Debt International Financial Institutions Inter-American Development Bank (IDB) Capital Markets ESG Latin America United States Coronavirus Asset Management United Kingdom

The Inter-American Development Bank (IDB) issued $600 million in new 10-year bonds on Thursday in its largest deal based on the Secured Overnight Financing Rate (SOFR), said Laura Fan, the head of funding at the multilateral lender based in Washington DC. "We were looking to extend our SOFR curve out to 10 years," Fan said in an email to LatinFinance. "We issued a seven-year SOFR bond in March and since then we have been looking for an opportunity to issue in the 10-year part of the curve. We ta

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