July 26, 2022 |
The Inter-American Development Bank (IDB) returned to the sterling bond market on Monday with the sale of £300 million ($361 million) in seven-year sustainable notes, according to a source involved in the deal.
The new 2.375% 2029 bonds priced at 99.801 to yield 2.392%, or 56 basis points over UK government bonds, after the deal opened at roughly the same rate, the source said. Barclays, Deutsche Bank and HSBC were the bookrunners, the source added.
Monday’s bond deal marks the third time IBD ha
US-based development bank prints $361 mln in seven-year notes in British pounds, source says