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

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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