IDB Invest wins record book for Covid-19 bond

By Burhan Khadbai, Lewis McLellan
16 Jul 2020

The Inter-American Investment Corporation (IDB Invest) received its biggest ever order book as it came to the market this week for its latest Covid-19 response bond. The strong demand allowed the issuer to comfortably print its joint-biggest deal flat to fair value.

After starting with initial price thoughts of mid-swaps plus 31bp area on Monday for a Reg S July 2023 dollar benchmark Covid-19 response bond, leads BMO Capital MarketsCitiGoldman Sachs and TD Securitiesopened the books on Wednesday morning with guidance of plus 30bp area on the ...

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