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 Dollar highlighting the Sustainable Development Goal (SDG) 3 – Good Health and Well-Being. Meiji Yasuda is the sole investor of the bond with Daiwa Capital Markets America Inc. 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 SDG 3 including projects supporting health care networks.
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Issuer: |
Inter-American Development Bank (Ticker IADB) |
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Issuer rating: |
Aaa / AAA (Moody’s / S&P) |
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Amount: |
AUD 160,000,000 |
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Settlement date: |
21 July 2023 |
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Coupon payment dates: |
21 January and July (semi-annual) |
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Maturity date: |
21 July 2038 |
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Clearing systems: |
Euroclear, Clearstream |
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Lead manager: |
Daiwa Capital Markets America Inc. |
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ISIN / CUSIP: |
XS2651620457 / 265162045 |
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.