Inter-American Development Bank

Monday, 19 March 2018
Apr/May 2018

IADB’s Kauri return highlights long-dated investor interest

A rare long-end Kauri print, by Inter-American Development Bank (IADB) on 9 March, hints at potential future market development according to deal sources. With Kauri mid-curve issuance enjoying a renaissance so far in 2018, IADB’s transaction may indicate the possibility of an emerging longer-dated bid.

Tuesday, 23 April 2019

IADB launches minimum A$25 million June 2029 Kangaroo increase

Inter-American Development Bank (IADB) (AAA/Aaa/AAA) launched a minimum A$25 million (US$17.8 million) increase to its June 2029 Kangaroo bond, on 23 April. The forthcoming transaction has indicative price guidance of 42 basis points area over semi-quarterly swap, equivalent to 54.85 basis points area over Australian Commonwealth government bond. Pricing is expected on the day of launch, according to sole lead manager TD Securities.

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.

Tuesday, 09 April 2019

IADB launches new five-year Kangaroo ‘EYE’ bond

On 9 April, Inter-American Development Bank (IADB) (AAA/Aaa) launched a new, five-year, minimum A$250 million (US$178.1 million) Kangaroo ‘EYE’ (education, youth and employment) bond deal. The forthcoming transaction has indicative price guidance of 35 basis points area over semi-quarterly swap, equivalent to 51.5 basis points area over Australian Commonwealth government bond.

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