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IDB Invest Launches $1 Billion Debut Global Benchmark Sustainability Bond

The bond proceeds will finance eligible green and social projects to promote private sector development in Latin America and the Caribbean


IDB Invest, the IDB Group’s private sector institution rated Aa1/AA+/AAA, raised $1 billion in funding through a 3-year fixed rate benchmark issue. The sustainability bond is IDB Invest’s inaugural benchmark issued under its new global debt issuance program.

The three-year bond pays an annual coupon of 2.625% and priced at mid-swaps plus 32 basis points, 3 bps less than the initial price thoughts (IPT), equivalent to 20.4 basis points above the 3-year U.S. Treasury bond. Bank of Montreal, Citigroup, Daiwa, Deutsche Bank and Goldman Sachs acted as joint bookrunners on the deal.

The transaction experienced strong demand with 51 investors across the globe participating and orders totaling more than 1.7 billion, the largest orderbook for an IDB Invest bond to date. The high level of demand reflects investors’ interest in IDB Invest’s sustainable development mission, strong credit profile and its Sustainable Debt Framework.

Central banks and official institutions took the lion share of the allocations at 71%, followed by asset managers (15%), banks (7.0%), and insurance/pension funds (7.0%). The investor base was very well diversified geographically, with Americas making up 37% of the demand, followed by Asia with 34% and EMEA 29%.

The proceeds of the Sustainable Bond will be used to finance eligible green and social projects as defined in the issuer's Sustainable Debt Framework.


Investor Distribution

Distribution by Geography


Distribution by Investor Type




Central Banks / Official Institutions




Asset Managers








Insurance / Pension Funds







Transaction Summary


Inter-American Investment Corporation (IDB Invest)

Issuer rating:

Aa1/AA+/AAA (Moody's/S&P/Fitch)


Global SEC exempt


USD 1 billion

Settlement date:

April 22, 2022


2.625% p.a.

Maturity date:

April 22, 2025

Issue price:


Issue yield:

2.733% s.a..


London Stock Exchange

Clearing systems:

DTC, Euroclear and Clearstream

Joint lead managers:

Bank of Montreal, Citigroup, Daiwa, Deutsche Bank and Goldman Sachs


About IDB Invest

IDB Invest 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 $14.8 billion in asset management and 376 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.

Information on IDB Invest bonds is available at our Investors website. 


David Roman

202- 623-1919