The Inter-American Development Bank (IDB) has begun the year by issuing a total US$5.1 billion across three currencies.
The IDB funds the public sectors of 26 Latin American and Caribbean member countries, providing financial and technical support.
Maturing in July 2031 and with a 4.000% interest rate, a £1 billion fixed-rate benchmark bond marks the bank’s largest sterling issuance.
Orders for the bond have exceeded £2.2 billion, the bank stated, which it attributes to its strong credit and longevity in international capital markets.
James Taunton, managing director and head of public sector origination for Europe at joint lead manager RBC Capital Markets, noted, “The fact IDB was able to achieve this outcome at the tightest reoffer spread for a new July-2031 issuance thus far this year underlines its strong investor recognition within the GBP market.”
A US$3 billion 10-year global benchmark bond has also been issued. It matures in January 2036, and has a fixed annual interest rate of 4.125%. Orders for the bond reached US$9 billion.
Sean Hayes, managing director and global head of syndicate at BMO Capital Markets, one of the joint lead managers of the issuance, commented, “As IDB’s first US dollar transaction of its 2026 funding program, this new issue achieved a record 10-year orderbook size while traveling an impressive 4 basis points from initial price thoughts.”
Earlier this month the IDB completed the issuance of its first Amazonia Bond, part of the bank’s programme to finance sustainable development projects in the Amazon region. This is the largest of the bank’s AUD issuances.
The AUD 1 billion bond matures on 21 July 2031 and has a 4.6% coupon, paid semi-annually. Its order book closed at more than AUD 3.5 billion.
Ilan Goldfajn, IDB Group president, stated, “Issuing this bond in Australian dollars underscores that protecting the Amazon is a global priority – and that investors around the world are willing to back it with long-term capital.”
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