Inter-American Development Bank IADB
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◆ Supra concludes $2.4bn task ◆ Next year target could grow 25% ◆ Recent capital increase to double funding size over time -
Development bank now 82% funded for the year
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IADB taps sterling while two other issuers mandate for new issues
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Supra to bring one more dollar benchmark before year-end
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SSA issuers priced before US inflation data is announced
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Dollar-based funders return to the primary market
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Issuer will move to focus on euro and Kangaroo markets for rest of 2024, though another dollar deal is also on the cards
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Primary activity is set to ease into next week as Lunar New Year holidays take place
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IADB, DBJ and CPPIB all grabbed large order books
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The bank will update its SDB framework this year for the first time
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Supra to raise $19.5bn, subject to cash flow changes, versus $18.8bn in 2023
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Supranational takes $1.5bn from latest syndicated sale after peer success in recent weeks
