IDB Invest issues first social bonds in euros

IDB Invest issues first social bonds in euros

Bonds Debt Fixed Income International Financial Institutions Inter-American Development Bank (IDB) IDB Invest ESG Social Bonds Sustainability Bonds Sustainable Development Bonds Europe United States

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), issued €650 million ($654 million) in five-year social bonds in its first public debt sale in the euro market on Tuesday, a source involved in the deal told LatinFinance. IDB Invest priced the 3.125% 2027 bonds at 99.768 to yield 3.176%, or 12 basis points over mid-swaps. It had set guidance at 15 basis points over mid-swaps but lowered the spread by three basis points after receiving more than €1 billion in o

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