IDB Invest Expands its Presence in the Euro Market with a 7-year Benchmark Bond
WASHINGTON, June 1, 2023 /PRNewswire/ -- IDB Invest, the IDB Group's private sector institution rated Aa1/AA+/AAA, raised EUR500 million through a 7-year, fixed-rate benchmark bond.
- WASHINGTON, June 1, 2023 /PRNewswire/ -- IDB Invest, the IDB Group's private sector institution rated Aa1/AA+/AAA, raised EUR500 million through a 7-year, fixed-rate benchmark bond.
- This is IDB Invest's second euro-denominated bond and its longest benchmark bond to date.
- The seven-year bond pays an annual coupon of 3.125% and is priced at mid-swaps plus 21 basis points, equivalent to 97.3 basis points over the yield of the February 2030 German government bond.
- IDB Invest is committed to delivering opportunities to invest in sustainable development in Latin America and the Caribbean.