IDB Invest and JICA market dollar deals at opposite ends of curve

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By Burhan Khadbai
13 Jul 2020

Following investor calls last Friday, two public sector borrowers hit the market for new dollar bonds on Monday, with IDB Invest going for a three year maturity and the Japan International Cooperation Agency making a rare appearance for a 10 year trade.

Leads BMO Capital Markets, Citi, Goldman Sachs and TD Securities are taking indications of interest with initial price thoughts of mid-swaps plus 31bp area for IDB Invest’s new Reg S July 2023 Covid-19 response bond.

The bond will mark a third point on the ...

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