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Commentary & Deal Flow

LAUNCHED: IDB Invest US$1bn 5yr Sr Unsec; SOFR MS+35bp

IGC European Market: Deal Flow - SSAIGC US Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

IPT

Guidance

Spread Set

IDB Invest

5yr

28-May-31

US$1bn

Sr Unsec

Fixed

SOFR MS+37a

SOFR MS+36a

SOFR MS+35


Launched: 5yr: US$1bn @ SOFR MS+35bp - Books in excess of US$2.3bn (exc. JLM interest)
Guidance: 5yr: SOFR MS+36a - IOIs in excess of US$1.9bn (excl. JLM interest)
IPTs: 5yr: SOFR MS+37a (equiv. to CT5+11.075a)


  • Issuer: IDB Invest (Inter-American Investment Corporation)
  • Ticker: IDBINV
  • Issuer LEI: 5493001X4LH60PFRL744
  • Expected Issue Ratings: Aa1/AA+/AAA (Moody's/S&P/Fitch - Stable/Positive/Stable)
  • Format: Global SEC Exempt
  • Size: US$1bn
  • Coupon: Fixed, semi-annual, 30/360
  • Launched: SOFR MS+35bp
  • Maturity: 28-May-31
  • Settlement: 28-May-26 (T+5)
  • ISIN: US45828Q2H98
  • Listing: London Stock Exchange's regulated market
  • Denominations: US$1,000 x US$1,000
  • Documentation: Issuer's Global Debt Program
  • Governing Law: New York
  • Clearing: DTC, Euroclear, Clearstream
  • Target Market: For UK MiFIR and MIFID II purposes, Eligible Counterparties, Professional and Retail Clients (all distribution channels)
  • Bookrunners: GS/JPM/Nomura/Scotia
  • Schedule: Books open. Today's business.
  • Books Close: Global books to close at 8:30am EST / 1:30pm UKT
  • Advertisement: The final prospectus, when published, will be available at https://idbinvest.org/en/investors