June 4, 2021
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
US-based development bank prints $600 mln in new 10-year notes in its third SOFR-based issue in 2021