Inter-American Development Bank

Tuesday, 16 April 2019

IADB’s debut Kangaroo EYE bond adds welcome supply to Australia’s social-bond sector

The specificity of Inter-American Development Bank (IADB)’s inaugural Australian dollar EYE – education, youth and employment – bond was key to its robust execution outcome, deal sources say, as local demand increases for high-quality and clearly defined use of proceeds for social-bond issuance. IADB has only previously issued public benchmark EYE bonds in US dollars.

Thursday, 25 June 2020

Technicals supporting Kauri rebound

Kauri issuance rebounded in May-June as more than NZ$2.6 billion (US$1.7 billion) priced, including a rare 10-year transaction of record volume for the tenor. Technical demand drivers are at play but intermediaries suggest positive conditions could remain even as a supply gap closes in the second half of 2020.

Thursday, 18 June 2020

IADB launches new five-year Kauri bond

On 18 June, Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched a new, minimum NZ$150 million (US$96.5 million), five-year Kauri bond transaction. The forthcoming deal is being marketed at 43 basis points area over mid-swap, equivalent to 38.36 basis points area over New Zealand government bond. Pricing is expected on the day after launch, according to Commonwealth Bank.

Wednesday, 06 November 2019

IADB launches October 2025 Kangaroo tap

Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched a minimum A$100 million (US$68.8 million) increase to its October 2025 Kangaroo bond on 7 November. Indicative price guidance for the forthcoming deal is 38 basis points area over semi-quarterly swap, equivalent to 49.9 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to Nomura.

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