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.
Japan Post Insurance is the sole investor of the bond with Daiwa Capital Markets America Inc. being the arranger. With this bond, IDB raises awareness for the Sustainable Development Goals, including projects against animal-derived infectious diseases as part of the concept of “One Health.” One Health is a multidisciplinary approach which seeks to understand how the interactions of animals, humans, and the environment affect infectious diseases.
Summary Terms:
| Issuer: | Inter-American Development Bank (Ticker IADB) |
| Issuer rating: | Aaa / AAA (Moody’s / S&P) |
| Amount: | AUD 60,000,000 |
| Settlement date: | 19 March 2021 |
| Coupon: | 2.067 % |
| Coupon payment dates: | 19 March and 19 September (semi-annual) |
| Maturity date: | 19 March 2031 |
| Clearing systems: | Euroclear, Clearstream |
| Lead manager: | Daiwa Capital Markets America Inc. |
| ISIN / CUSIP: | XS2312268001 / 231226800 |
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