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IDB Launches Australian Dollar Sustainable Development Bond for Fukoku Mutual Life

The Inter-American Development Bank (“IDB” or “IADB”), rated Aaa/AAA (Moody’s/S&P), priced a new 15-year fixed-rate Sustainable Development Bond (“SDB”) in Australian Dollars, to support IDB’s strategic priorities to promote sustainable growth, reduce poverty and inequality, and tackle climate change in Latin America and the Caribbean. 

Fukoku Mutual Life Insurance Company is the sole investor of the bond, while Daiwa Capital Markets America Inc. serves as the arranger. With this bond, IDB raises awareness for the Sustainable Development Goals, including projects supporting women’s maternal health. 

Issuer:Inter-American Development Bank (Ticker: IADB)
Issuer rating:Aaa / AAA (Moody’s / S&P)
Amount:AUD 50,000,000
Settlement date:March 7, 2024
Coupon payment dates:March 7 and September 7 (semi-annual)
Maturity date:March 7, 2039
Clearing systems:Euroclear, Clearstream
Lead managers:Daiwa Capital Markets America Inc.
ISIN:XS2774415439 / 277441543


 

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. Take our virtual tour.

Contacts

Mena Duran,Melissa

Mena Duran,Melissa
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