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Commentary & Deal Flow

by Chris Reich

May 20, 2026 10:12 AM ET

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

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

Issuer	Term	Coupon	Maturity	Size	Ranking	Type	Price	Yield	IPT	Guidance	Spread	IPT-PXD
IDB Invest	5yr	4.375%	28-May-31	US$1bn	Sr Unsec	Fixed	99.911	4.395%	SOFR MS+37a	SOFR MS+36a	SOFR MS+35	-2

Reoffer: 5yr: SOFR MS+35bp / 99.911 / 4.395% S/A
Benchmark: 5yr: CT5 @ 98-03 / 4.307% / B+8.83bp / HR 102%

Final Books: 5yr: Books closed in excess of US$2.45bn (exc. JLM interest)

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
Maturity: 28-May-31
Settlement: 28-May-26 (T+5)
Coupon: 4.375%, Fixed, semi-annual, 30/360
Spread: SOFR MS SA 30/360 +35bp
Reoffer: 99.911 / 4.395% S/A
Benchmark: +8.83bp vs CT5 @ 98-03 / 4.307% / HR 102%
ISIN: US45828Q2H98
Listing: London Stock Exchange's regulated market
Denominations: US$1,000 + 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 (B&D)
Timing: Priced. TOE 14:56. FTT immediately.
Advertisement: The final prospectus, when published, will be available at https://idbinvest.org/en/investors