Home / Daily Briefs / 2023 / 16 / IDB Invest backs first social bond in Trinidad

IDB Invest backs first social bond in Trinidad

IDB Invest backs first social bond in Trinidad

January 16, 2023 | Hernán Goicochea
IDB's private sector affiliate underwrites a $44 mln deal by local mortgage lender HMB

Corporate & Sovereign Strategy IDB Invest Bonds Debt Fixed Income Capital Markets Caribbean Trinidad & Tobago Panama Social Bonds

IDB Invest, the private sector affiliate of the Inter-American Development Bank (IDB), said it fully subscribed to the first sale of social bonds in the Caribbean, a TTD300 million ($44.2 million) deal by Trinidad and Tobago's Home Mortgage Bank (HMB). HMB issued the new five-year bonds in the local market with RBC Caribbean as the local currency provider, IDB Invest said in a post on LinkedIn on Friday. Port of Spain-based lender plans to use the proceeds to fund mortgages for low- and middle-i

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