IADB turns to rupiah for Covid-19 response

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By Frank Jackman
15 Apr 2020

The Inter-American Development Bank (IADB) tapped the Indonesian rupiah market for its latest Covid-19 response bond this week, becoming the first SSA to print a response bond in an emerging market currency.

The supranational sold the Rph55bn ($3.5m) 6.6% April 2023 Sustainable Development Bond (SDB) on Monday off the back of reverse inquiries from investors. JP Morgan ran the deal. The issue price was not disclosed.

The bond was sold as part of the supranational’s response to the Covid-19 ...

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