IADB launches new October 2030 benchmark Kangaroo bond

Monday, 18 September 2023

Disclosure type: launch
Issuer name: Inter-American Development Bank
Issuer rating: Aaa/AAA
Expected issue rating: as issuer
Announcement date: 18 September 2023
Expected pricing date: 19 September 2023
Expected settlement date: 3 October 2023
Lead managers: J.P. Morgan, Nomura, RBC Capital Markets

Transaction type: senior-unsecured Kangaroo bond
Currency: AUD
Indicative volume: benchmark
Maturity date: 3 October 2030
Coupon type: fixed
Price guidance: 50bp/s-q swap, equivalent to 72.25bp/May 2030 ACGB