IDB issues SDBs in Aussie dollars

IDB issues SDBs in Aussie dollars

International Financial Institutions Inter-American Development Bank (IDB) Bonds Debt Fixed Income ESG Sustainable Development Bonds Capital Markets Latin America United States Japan

The Inter-American Development Bank (IDB) said Wednesday that it sold AUD120 million ($86.1 million) worth of 10-year sustainable development bonds (SDBs) in a private placement with Japan's Sumitomo Life Insurance Company. The US-based multilateral lender priced the new 2032 bonds at 2.49% with Daiwa as the lead manager, it said in a press release.  "This transaction represents the IDB's first SDB private placement in this currency that highlights the Sustainable Development Goal (SDG) 13," it

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