July 15, 2021 |
The Inter-American Development Bank (IDB) said Wednesday that it raised $3 billion in its second sale of sustainable development bonds (SDBs) in US dollars this year after receiving orders for more than $4.5 billion.
The new seven-year notes carried a coupon of 1.125% and priced at 99.271 to yield 1.234%, equal to seven basis points over mid-swaps or eight basis points over June 2028 US Treasury bonds, the IDB said in a press release.
The Washington DC-based development bank opened the initial
US-based development bank prices $3 bln in seven-year bonds at the tightest spread in the SSA market since January last year