NEW YORK - IDB Invest, the IDB Group’s private sector institution rated Aa1/AA+/AAA, priced a new $1 billion 3-year bond under its Global Debt Program. 

The 3-year bond maturing on November 20th, 2028, pays a semi-annual coupon of 3.625% and was priced at SOFR mid-swaps plus 35 basis points, equal to a yield of 3.718% and a spread of 12.4 basis points the 3-year U.S. Treasury bond, representing a new tight record for IDB Invest in a US$ syndicated transaction. 

The joint bookrunners on the deal were BNP Paribas, BMO, Daiwa and HSBC. 
IDB Invest announced the transaction at the New York open on Wednesday morning. The demand was very strong from the outset, with indications of Interest (“IOIs”) in excess of US$2.3 billion by the time formal book-building began the next day at 8:06 a. m. UKT. The orderbook continued to see great momentum throughout the day, with order books closing above $3.0 billion, the largest ever for IDB Invest. The large support from investors allowed IDB Invest to tighten final pricing by 4 basis points with limited price sensitivity and successfully launch a new US$1 billion 3-year Bond. 

Central Banks & official institutions were the largest component of the final allocations, reflecting the high-quality investor base of IDB Invest. In total, circa 65 investors participated in the order book with an oversubscription of above 3 times. 

The new issue is IDB Invest’s second public US$ bond issuance of 2025, following a $1 billion 5-year Benchmark in March. The total amount raised this year by IDB Invest is circa $ 2.9 billion across multiple currencies, and this transaction effectively completes the issuer’s funding program for this year. 
The success of the syndication reflected in the strong oversubscription of over three times and the tightening of the spread over swaps by 4 basis points underscores IDB Invest’s credit strength, strong track record and mandate as the leading development bank committed to increasing development impact in Latin America and the Caribbean through the private sector.  

Investor Distribution

Transaction Summary

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social and environmental development in the region. With a portfolio of $15.3 billion in asset management and 375 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.