Inter-American Development Bank IADB
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Pent-up demand for five year dollar bonds helped attract $2.2bn of orders -
The issuer has wrapped up its fixed rate dollar benchmark funding for 2023 but will continue to fund in other formats
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NIB lands tight pricing as IADB goes long
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Well known face in world of SSAs rejoins Washington supra
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Proposed new issue is a securitization of IDB Invest’s purchase of securities from electricity generation companies
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Borrowers push out maturities, printing bigger size across conventional and labelled deals
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Issuer has already been active in the currenty earlier in the year
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Deal grows to $3bn, with minimal new issue premium
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Political crisis could not stop Galapagos bond, with more countries likely to follow
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Deals keep coming in busy week for SSA primary market
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Wider spreads against swaps have allowed issuers to pay skinny concession to print large sizes
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IADB, KfW and the World Bank raised more than $10bn between them
