IDB returns to dollar bond market

IDB returns to dollar bond market

Inter-American Development Bank (IDB) Bonds Debt Fixed Income Corporate & Sovereign Strategy Capital Markets Latin America United States

The Inter-American Development Bank (IDB) sold $2 billion worth of two-year bonds on Wednesday after orders reached over $5.5 billion, Laura Fan, head of funding at the Washington DC-based lender, told LatinFinance.  The new 2024 bonds carried a coupon of 3.25% and priced at 99.99 to yield 3.255%, or five basis points over 30-day SOFR mid-swaps, Fan said. The IDB had opened the deal on Tuesday with guidance around eight basis points over SOFR, she added. "As we only wanted to do $2 billion, we f

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