IADB taps rupiah market for sustainable bond

Rupiah_PAImages_10Feb2020
By Morgan Davis
10 Feb 2020

The Inter-American Development Bank has sold its first Indonesian rupiah sustainable development bond, making it the seventh currency in which it has raised this kind of funding.

The Aaa/AAA rated supranational bank raised the equivalent of $100m from the 5.5% three year bonds. Deutsche Bank was the dealer and structurer.

The proceeds will be used for IADB's projects tied to reducing poverty and inequality in Latin America and the Caribbean through climate-friendly initiatives. ...

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