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IDB Invest launches inaugural benchmark social bond in euros
11/08/2022 Since 3 weeks

IDB Invest has made its first Euro-denominated issuance with a 5-year fixed-rate social bond with an annual coupon of 3.125% for an amount of 650 million Euros. IDB Invest’s entry into the European market reaffirms its commitment to economic growth, social inclusion and sustainable development in Latin America and the Caribbean.

Nearly 50% of the investors in the bond were Central Banks and official institutions. In terms of geographic distribution, Benelux and Switzerland led with 22% and 21% of allocations, followed by Asia with 14%, reflecting significant diversification.

The proceeds of the social bond will be used to finance green and social projects in accordance with the IDB Invest Sustainable Debt Framework specifications.

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