April 1, 2022 |
The Inter-American Development Bank (IDB) said Thursday that it issued AUD300 million ($225 million) worth of three-year bonds in the Australian market to fund projects through its Education, Youth and Employment (EYE) program.
The new 2026 notes carried a coupon of 2.7% and priced at 99.875% to yield 2.734% with ANZ, Commonwealth Bank of Australia and JPMorgan as lead managers, the IDB said in a press release. The spread equalled 47.9 basis points over government bonds due in November 2025, it
US-based development bank sells $225 mln worth of three-year notes to fund youth education and employment projects