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IDB Launches Australian Dollar Sustainable Development Bond for Asahi Life

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 (SDB) focused on SDG 3 - Good Health and Well Being. This Australian Dollar bond is valued in AUD$60 million, equivalent to US$43.9 million. Asahi Mutual Life Insurance Company is the sole investor of the bond with J.P. Morgan Securities plc being the arranger.

The proceeds of this transaction are aligned with the IDB’s strategic priorities to reduce poverty and inequalities in the region by promoting economic and social development in a sustainable and climate friendly way. With this bond the IDB raises awareness for the SDG3 to support countries in their response to the COVID-19 pandemic and its consequences.

The IDB continues to concentrate support in four main action areas:

  • Strengthening public health preparation and response capacity;
  • Safety nets for vulnerable populations;
  • Economic productivity and employment;
  • Fiscal policies to ameliorate economic impacts.

Issuer:

Inter-American Development Bank (Ticker IADB)

Issuer rating:

Aaa / AAA (Moody’s / S&P)

Amount:

AUD 60,000,000

Settlement date:

22 March 2022

Coupon:

2.80%

Coupon payment dates:

22 March and 22 September (semi-annual)

Maturity date:

22 March 2032

Clearing systems:

Euroclear, Clearstream

Lead manager:

J.P. Morgan Securities plc

ISIN / CUSIP:

XS2456823017 / 245682301

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

Information on bonds for Investors is available on the IDB website: https://www.iadb.org/investors

 

Additional Contacts

Fan,Laura Emily

Fan,Laura Emily
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