March 23, 2022 |
The Inter-American Development Bank (IDB) said Tuesday that it sold AUD60 million ($44.7 million) worth of 10-year sustainable development bonds (SDBs) in a private placement with Japan's Asahi Mutual Life Insurance.
The US-based multilateral lender priced the new 2032 notes at 2.8% with JPMorgan as the lead manager, it said in a press release.
"The proceeds of this transaction are aligned with the IDB's strategic priorities to reduce poverty and inequalities in the region by promoting economic
US-based development bank sells $45 mln worth 10-year notes in its third private placement with a Japanese life insurer this year