Commentary & Deal Flow

The International Development Association (IDAWBG) exp Aaa/AAA (s/s) US$ benchmark 144A/Reg S 7y sr notes, sustainable development bond (SDB) due 9/17/32. Barc/BNP/DB/Scotia joint leads. List Lux. New York Law. UOP: IDA bonds support the financing of a combination of green and social, i.e. “sustainable development”, projects, programs, and activities in IDA member countries. See IDA’s Sustainable Development Bond Framework for examples of such eligible projects, programs, and activities https://worldbank.org/ida-sdb-... Taking IOIs, expect tomorrow's business (9/10). Settle 9/17 (T+5). IPTs: SOFR MS+57 area (equiv to ~CT7+13.2).