IADB launches A350m Sustainable Development Bond

Region:

Asia-Pacific

The Inter-American Development Bank has priced a new ten-year fixed rate Sustainable Development Bond in Australian dollar, vauled at A$350 million ($226 million equivalent).

Japan Post Insurance Co. is the sole investor of the bond - which is focused on SDG#3 (Good Health and Well Being) - with Wells Fargo Securities being the arranger. The bond, with a coupon of 1.30%, matures on 29 May, 2030.

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