IDB Invest, the IDB Group’s private sector institution rated Aa1/AA+/AAA, priced a new $500 million 5-year bond under its Global Debt Program.

The bond pays a semi-annual coupon of 4.750% and was priced at SOFR mid-swaps plus 54 basis points, equal to a yield of 4.759%, 33.5 basis points over the 5-year U.S. Treasury bond. BofA Securities, Citi, Nomura and TD Securities acted as joint bookrunners on the deal. The bond matures on September 19, 2028.

The transaction is IDB Invest’s second U.S. dollar-denominated transaction in the 2028 tenor this year, following the $1 billion 5-year Global Sustainability Bond due February 15, 2028.

The transaction garnered a granular order book of high-quality demand, with over 70 investors putting in orders for over $2.2 billion. It was the largest ever order book for an IDB Invest bond and was oversubscribed more than 4-times.

The order book was shared between Central Banks & Official Institutions (47%), followed by Asset Managers (30%), Banks (22%) and insurance / pension funds (1%), with a diverse geographical distribution; Americas led with 44% of the allocation, followed by EMEA with 41% and Asia Pacific with 15%.

The success of the transaction underscores IDB Invest’s credit strength, track record and mandate as the leading development bank committed to increasing development impact in Latin America and the Caribbean through the private sector.

"We are very pleased with investors' response to this issuance. This is our largest orderbook ever and our largest number of orders to date, reflecting our strength as a multilateral issuer. As a leading multilateral development bank, we are committed to connecting international investors with private sector companies in Latin America and the Caribbean to scale up impact,” said Janne Sevanto, Treasurer of IDB Invest.

Investor Distribution 

Transaction Summary

About IDB Invest

IDB Invest, a member of the Inter-American Development Bank 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 $16.3 billion in assets under management and 394 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 page.