The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P) priced a USD 50 million, 15-year fixed-rate Sustainable Development Bond (“SDB”), to support IDB’s strategic priorities to reduce poverty and inequalities in Latin America and the Caribbean.
Fukoku Mutual Life Insurance Company is the sole investor of the bond, and this transaction represents the IDB’s first SDB private placement in 2021. With this bond, IDB raises awareness for the Sustainable Development Goals, including projects promoting climate resilience of forests in areas critical to the water supply.
Bond Summary Terms:
| Issuer: | Inter-American Development Bank (IDB) |
| Issuer Rating: | Aaa/AAA (all stable) |
| National Amount: | USD 50,000,000 |
| Settlement Date: | 8 February 2021 |
| Coupon: | 1.50% |
| Coupon Payment dates: | 15 January (annual) |
| Maturity date: | 15 January 2036 |
| Clearing systems: | Euroclear, Clearstream |
| Lead Manager: | Barclays Bank PLC |
| ISIN / CUSIP: | XS2294328005 / 229432800 |
About the IDB
The Inter-American Development Bank is a multilateral financial institution supporting Latin America and the Caribbean’s efforts to reduce poverty and inequality, and to bring about development in a sustainable, climate-friendly way. Established in 1959, it is the leading source of development financing for Latin America and the Caribbean, with a strong commitment to achieving measurable results. The IDB is owned by 48 countries, including 26 Latin American and Caribbean countries and 22 non-borrowing member countries. Since becoming the first Asian member country of the IDB in 1976, Japan has been involved in IDB projects through a number of funds and programs.
For investor information about IDB’s bonds, please visit http://www.iadb.org/investors.
*This press release is not an offer for sale of the securities of the Inter-American Development Bank. Any offering of IDB securities will be made only by means of a prospectus or other definitive offering document that contains important information about the securities, the offering and IDB. Offerings of securities will be made only in compliance with applicable laws.
Mena Duran,Melissa
Fan,Laura Emily