IDB Invest goes tight for three years as Alberta lines up at 10s

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By Lewis McLellan
14 Jul 2020

The Inter-American Investment Corporation (IDB Invest) raised $1bn with a three year bond on Tuesday, while the Japan International Cooperation Agency tested the water with a 10 year dollar transaction, opening up an opportunity for the Province of Alberta to follow suit.

IDB Invest printed a $1bn no-grow three year at mid-swaps plus 29bp. The leads BMO Capital Markets, Citi, Goldman Sachs and TD Securities set initial price thoughts at 31bp. Indications of interest were over $1bn, so the leads set guidance at 30bp and, with ...

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