- It is the first issuance of IDB Invest bonds denominated in DOP
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, has issued its first bond in the Dominican capital markets in the amount of 500 million Dominican pesos (DOP).
The bond, which has a fixed rate of 8.80 percent and matures on October 19, 2022, has received interest from local investors, especially pension and other fund managers.
The bond funds will allow IDB Invest to finance its loan portfolio in the Dominican Republic and is part of the institutional strategy to provide more flexible and innovative products in local currency and to promote local capital markets. Since 2016, IDB Invest has approved 6 transactions for more than $358 million in businesses in the Dominican Republic.
About IDB Invest
IDB Invest, a member of the Inter-American Development Bank (IDB) Group, is a multilateral development bank committed to the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects so they can achieve financial results and maximize the region’s economic, social, and environmental development. With a portfolio of $12.4 billion in assets under its administration and 342 clients in 24 countries, IDB Invest provides innovative financial solutions and advisory services in response to its clients’ needs in a variety of sectors.