ASUNCIÓN – IDB Invest issued its tenth local-currency bond in Paraguay, reinforcing its commitment to expanding access to long-term financing in guaranies (PYG) and the development of the country’s capital markets.

The transaction marks another milestone for IDB Invest in Paraguay. Since becoming the first multilateral development bank to issue local-currency bonds in the country in 2018, IDB Invest has completed 10 issuances totaling PYG 1.2 trillion (approximately $200 million), helping mobilize domestic savings for productive investment and sustainable development.

IDB Invest has become one of the most active and consistent issuers in Paraguay’s capital market. In 2026, it currently ranks among the country’s five largest PYG bond issuers by volume, underscoring the scale of its commitment and sustained investor demand for its securities.

“This milestone goes beyond the issuance of a bond,” said Orlando Ferreira, Chief Financial Officer of IDB Invest. “It reflects years of collaboration with local investors, financial institutions, and market participants to deepen Paraguay’s capital markets and expand financing opportunities in local currency. As we celebrate our tenth issuance, we remain committed to supporting private sector-led growth and helping build a more resilient and sustainable economy.”

IDB Invest’s local bond program has supported financing for MSMEs, microentrepreneurs, financial institutions, agriculture, and businesses that promote growth, financial access, and job creation.  

“The main objective of the IDB Group Country Strategy with Paraguay for the 2025-2029 period is to help the country become a model of sustainable economic growth, driven by the private sector to benefit the entire population and contribute to addressing global challenges,” said Alonso Chaverri, IDB Group Country Representative in Paraguay. “IDB Invest’s strong presence in Paraguay is essential to achieving this objective.”

The latest bond was issued for PYG 180 billion (approximately $30 million), with a 7.40% coupon and six-year tenor. It was placed with a diversified base of local institutional investors, reflecting confidence in IDB Invest’s development mandate. Cadiem and Itaú Invest acted as dealers.

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 $22 billion in assets under management and more than 440 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. Visit our website: www.idbinvest.org/en.

About CADIEM

CADIEM Casa de Bolsa S.A. has been a key participant in Paraguay’s capital market for more than 20 years. Founded in 2003, at an early stage in the development of the Paraguayan stock market, the company was established with the purpose of contributing to its growth through a broad range of financial products and services. Today, CADIEM serves a growing community of investors across the country, offering a diversified portfolio of investment solutions while promoting financial education and responsible personal finance. Through savings and investment, CADIEM seeks to contribute to the long-term financial well-being of individuals and businesses. With a team of more than 100 professionals, CADIEM is committed to expanding access to investment and financing opportunities and bringing financial solutions closer to people and businesses throughout Paraguay.

About Itaú Invest

Itaú Invest is the investment platform of Itaú Unibanco Holding in Paraguay, specializing in providing investment solutions for individuals, companies, and institutional investors. Through a team of specialists, it offers financial advisory services, access to capital markets, wealth management, and a broad range of investment alternatives tailored to clients’ needs. As part of Itaú Unibanco, the largest financial institution in Latin America, Itaú Invest combines global expertise, financial strength, and local market knowledge to support clients in making informed investment decisions that contribute to the growth and preservation of their wealth. Itaú Invest is committed to advancing the development of Paraguay’s capital markets, transforming the investment experience, and connecting people and businesses with opportunities for sustainable growth.