IDB Invest sells social bonds in Mexico

IDB Invest sells social bonds in Mexico

Corporate & Sovereign Strategy IDB Invest Bonds Debt Fixed Income Capital Markets Social Bonds Latin America Caribbean Mexico

IDB Invest, the private sector affiliate of the Inter-American Development (IDB), said Friday it sold MXN2.5 billion ($124 million) worth of three-year social bonds in the Mexican market, the bank’s largest issue in the country to date. The development bank priced the 2025 bonds at five basis points over the TIIE interbank lending rate after opening the deal between nine and five basis points. Orders reached as much as MXN3.07 billion, with Scotiabank and Santander as placement agents on the bon

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