IADB lands its biggest ever dollar bond

Dollars_spread_Fotolia_230x150
By Burhan Khadbai
17 Apr 2020

The Inter-American Development Bank brought the second jumbo supranational deal this week as the improvement in market conditions brings confidence back to investors .

On Friday, IADB raised an impressive $4.25bn with a May 2023 global sustainable bond at a spread of mid-swaps plus 15bp, 4bp inside of initial price thoughts via Barclays, HSBC, Nomura and RBC Capital Markets. The books were last heard at over $7.8bn.

It ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial