IADB prints $2bn with Covid-19 crisis bond

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By Burhan Khadbai, Lewis McLellan
27 Mar 2020

The Inter-American Development Bank had the primary dollar public sector bond market to itself on Friday as it raised funding as part of its response to the coronavirus pandemic.

The five year global sustainable development bond was priced at mid-swaps plus 37bp, 6bp inside of initial price thoughts, with a final book of $4.9bn. Crédit Agricole, Deutsche Bank, Goldman Sachs and JP Morgan were the leads.

The bond has been sold as part ...

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