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IDB Invest Launches Its First Silver Economy Social Bond to Support Financial Inclusion of Seniors in Latin America and the Caribbean

IDB Invest, rated AAA/Aa1/AA+, priced a new 10-year silver economy social bond under its Sustainable Debt Framework. Meiji Yasuda Life Insurance Company is the sole investor of the bond, that was arranged by Toronto Dominion Bank. This is IDB Invest’s first silver economy bond.

Its proceeds will be directed to fund social projects with a focus on alleviating poverty and reducing inequalities that affect senior citizens and retirees in Latin America and the Caribbean. It will contribute to the UN Sustainable Development Goals 1 and 10.

Through its silver economy projects, IDB Invest supports economic activities, products and services designed to meet the needs of an ageing population. This can improve the inclusion and the quality of life of a growing market segment in our societies, such as small and medium enterprises (SMEs) owned by elderly adults (defined as aged 60 years or older) and financial services to retirees including through digital solutions.

A recent IDB Group report shows that the Latin America and Caribbean region is expected to experience the fastest rate of population aging in the world over the coming decades.  According to UN estimates, by 2050, more than one in four people are expected to be over 60 years of age in the region. By 2090, the region will have the highest percentage of adults aged 60 and over in the world, with more than 36%.


Transaction Summary



Inter-American Investment Corporation (IDB Invest)

Issuer rating:

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


Australian Debt Program  


AUD 103,000,000

Settlement date:

Sept 30, 2022



Maturity date:

Sept 30, 2032

Issue price:



Not Listed

Clearing systems:

Austraclear idbinv

Joint lead managers:

Toronto Dominion Bank


About IDB Invest

IDB Invest, the private sector arm of the IDB Group, is a multilateral development bank focused on improving the lives of those in its emerging markets member countries. We finance projects to advance clean energy, sustainability and create economic growth and social inclusion in Latin America and the Caribbean. With a portfolio of $15.3 billion in assets under 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. Information on IDB Invest’s bonds is available at our Investors page.