IDB Invest lining up Covid-19 MTNs

By Lewis McLellan
29 Jul 2020

Issuers have been flocking to the market with coronavirus response bonds, but only a few have sold MTNs with the same theme. That is changing however, and IDB Invest, the private sector investment arm of the Inter-American Development Bank is likely to be next.

Eusebio Garre, IDB Invest’s head of funding, told GlobalCapital that after its two Covid-19 response benchmarks, IDB Invest is “being approached by ESG investors with requests for private placements with Covid-19 themes”. He said that they were working on the transactions, which could come in a niche ...

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