February 10, 2022 |
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
US-based development bank prints $86 mln in 10-year notes in a private placement with Japan's Sumitomo Life