To partner with the IDB to broaden the distribution of its debt securities.
The Inter-American Development Bank (“IADB” or “IDB”) selected CastleOak Securities, L.P., a leading New York-based boutique investment banking firm, to join its Discount Note dealer group of six investment banks. Discount Notes are short-term debt instruments denominated in U.S. dollars with maturities ranging from overnight to 360 days.This new partnership allows the IDB to leverage CastleOak’s expertise and strong distribution network in the U.S. CastleOak has been recognized as the number one ranked minority-owned underwriter of supranational debt, and has maintained that rank since 2011, when it first started assisting multilateral development banks with outreach to U.S. institutional investors.
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. The IDB is the leading source of multilateral financing for Latin America and the Caribbean.