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.