IDB Invest sells blue bonds to Japanese insurer

IDB Invest sells blue bonds to Japanese insurer

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IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said Friday that it sold AUD50 million ($33.4 million) worth of 20-year blue bonds to Japanese insurance company T&D Holdings. IDB Invest priced the 2042 notes priced at par to yield 4.9% with Nomura and Citi as bookrunners, it said in a press release. The multilateral lender plans to use the proceeds to fund sustainable ocean development projects in Latin America and the Caribbean, it added. "This bond ex

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