Inter-American Development Bank Launches New 10-Year Fixed Rate Australian Dollar Sustainable Development Bond

WASHINGTON, July 17 -- The Inter-American Development Bank issued the following news release:

The Inter-American Development Bank ("IDB" or "IADB"), rated Aaa/AAA, priced a new 10-year fixed rate Sustainable Development Bond ("SDB") focused on SDG#11 (Sustainable Cities and Communities) in Australian Dollar (AUD) valued in 140 million, equivalent to US$97 million. Nippon Life Insurance Company is the sole investor of the bond with Credit Agricole CIB being the arranger.

This transaction represents the IDB's first SDB private placement focused on SDG#11 in Australian Dollars. The proceeds of this transaction will be directed to support sustainable development in IDB's member countries.

This effort is aligned with the Bank's strategic priorities to reduce poverty and inequalities in Latin America and the Caribbean by promoting economic and social development in a sustainable, climate friendly way.

With this bond the IDB raises awareness for the Sustainable Development Goal #11: Sustainable Cities and Communities, which include projects that promote neighborhood improvements, provide access to safe and inclusive public spaces for women, children, and persons with disabilities, and construction of low-carbon housing for low income people.

See table here (https://www.iadb.org/en/news/idb-launches-new-10-year-fixed-rate-australian-dollar-sustainable-development-bond).