The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new 10-year fixed-rate Sustainable Development Bond to support IDB’s strategic priorities to reduce poverty and inequality in Latin America and the Caribbean in a climate-friendly manner.
Meiji Yasuda Life Insurance Company is the sole investor of the bond with Citigroup Global Markets Limited being the arranger. With this bond, IDB raises awareness for the Sustainable Development Goals, including projects that support industries which contribute to a sustainable use of natural resources in Latin America and the Caribbean.
Bond Summary Terms:
| Issuer: | Inter-American Development Bank (Ticker IADB) |
| Issuer rating: | Aaa / AAA (Moody’s / S&P) |
| Amount: | AUD 130,000,000 |
| Settlement date: | 5 March 2021 |
| Coupon: | 1.505 % |
| Coupon payment dates: | 5 March and 5 September (semi-annual) |
| Maturity date: | 5 March 2031 |
| Clearing systems: | Euroclear, Clearstream |
| Lead manager: | Citigroup Global Markets Limited |
| ISIN / CUSIP: | XS2306399812 / 230639981 |
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.
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.
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