IDB Invest launches USD 1 billion benchmark bond to strengthen support for COVID-19 response
WASHINGTON, July 15, 2020 /PRNewswire/ -- IDB Invest, the IDB Group's private sector institution, rated Aa1/AA/AAA, raised USD1 billion in funding through a fixed rate benchmark issue to support its coronavirus response.
- WASHINGTON, July 15, 2020 /PRNewswire/ -- IDB Invest, the IDB Group's private sector institution, rated Aa1/AA/AAA, raised USD1 billion in funding through a fixed rate benchmark issue to support its coronavirus response.
- This represents its second fixed rate benchmark issue of 2020, following a USD 1 billion 2-year COVID-19 response bond priced in April this year.
- The transaction experienced strong demand with 51 investors across the globe participating and orders totaling more than USD 1.55 billion.
- The high level of demand reflects investors' interest in IDB Invest's sustainable development mission, strong credit profile and support for coronavirus alleviation in the private sector.