Inter-American Development Bank IADB
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Well known face in world of SSAs rejoins Washington supra -
Proposed new issue is a securitization of IDB Invest’s purchase of securities from electricity generation companies
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Borrowers push out maturities, printing bigger size across conventional and labelled deals
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Issuer has already been active in the currenty earlier in the year
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Deal grows to $3bn, with minimal new issue premium
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Political crisis could not stop Galapagos bond, with more countries likely to follow
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Deals keep coming in busy week for SSA primary market
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Wider spreads against swaps have allowed issuers to pay skinny concession to print large sizes
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IADB, KfW and the World Bank raised more than $10bn between them
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Deals planned for across the maturity curve
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Asia supra pushes out to 10 years as EIB brings first EARN
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KfW and BNG were out with euro issuance, while EIB opened books on a dollar bond and others added to sterling supply
