IDB issues third sustainable bonds in sterling

IDB issues third sustainable bonds in sterling

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

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

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