No results found for "".

Commentary & Deal Flow

NEW ISSUE: IDB Invest €500m (no grow) 7yr Green Sr Unsec; MS+23a

IGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

IDB Invest

7yr

13-Jul-33

€500m (no grow)

Sr Unsec

Green

MS+23a


Guidance: 7yr: MS+23a


  • Issuer: Inter-American Investment Corporation (IDB Invest)
  • Ticker: IDBINV
  • Issue Rating: Aa1/AAA/AAA (Moody's/S&P/Fitch)
  • Format: Registered - New Safekeeping Structure (NSS), Green
  • Size: €500m (no grow)
  • Settlement: 13-Jul-26 (T+6)
  • Maturity: 13-Jul-33
  • Coupon: Fixed, Annual, Act/Act ICMA
  • Guidance: MS + 23 bps area
  • Governing Law: English
  • Denominations: €1,000 and multiples thereof
  • Listing: London Stock Exchange
  • Documentation: Under the Issuer’s Global Debt Program dated 13-Dec-21
  • Joint Leads: BNPP, HSBC, Natixis, TD Securities
  • Target Market: Retail / Professional / Eligible Counterparties (MIFID II/UK MiFIR, all distribution channels)
  • Timing: Books open, today's business
  • Use of Proceeds: The Issuer intends to apply the net proceeds from this offer of Notes specifically for “Eligible Projects” under the “Green Project Categories”, in accordance with and as defined in the Issuer’s Sustainable Debt Framework (the “SDF”). The SDF, along with the relevant second party opinion, are available on the website of the Issuer at https://idbinvest.org/en/investors. However, such information is not incorporated in and does not form part of the Information Memorandum. Such information relating to the SDF will be updated from time to time.