September 5, 2022 |
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
IDB affiliate to use the $124 mln in proceeds to fund loans for small businesses in Latin America and the Caribbean