IDB completes third bond sale in a week

• The Inter-American Development Bank (IDB) sold AUD50 million ($34.3 million) worth of 10-year sustainable development bonds (SDB) in a private placement on Thursday, marking the bank's third debt sale in a week for a total of $4.34 billion.
• With Daiwa Capital Markets America as lead, the 2030 Australian dollar-denominated bonds sold with a coupon of 1.285%, IDB said. The sole investor was Mitsui Sumitomo Aioi Life Insurance Company.
• This issuance is a part of the bank's $12 billion emergency lending program to support countries in their response to the COVID-19 pandemic and its consequences.

 (Source: Latinfinance)