The Inter-American Development Bank ('IDB' or 'IADB'), rated Aaa/AAA (Moody's/S&P), priced a new 10-year fixed rate Sustainable Development Bond (SDB) in Australian Dollar highlighting Climate Action.

Sumitomo Life Insurance Company is the sole investor of the bond with Daiwa Capital Markets America Inc. being the arranger.

This transaction represents the IDB's first SDB private placement in this currency that highlights the Sustainable Development Goal (SDG) 13. The proceeds of this transaction are aligned with the IDB's strategic priorities to reduce poverty and inequalities in the region by promoting economic and social development in a sustainable and climate friendly way. With this bond the IDB raises awareness for the SDG 13 - Climate Action, including projects supporting biodiversity.

Issuer:

Inter-American Development Bank (Ticker IADB)

Issuer rating:

Aaa / AAA (Moody's / S&P)

Amount:

AUD 120,000,000

Settlement date:

9 February 2022

Coupon:

2.49%

Coupon payment dates:

9 February and 9 August (semi-annual)

Maturity date:

9 February 2032

Clearing systems:

Euroclear, Clearstream

Lead manager:

Daiwa Capital Markets America Inc.

ISIN / CUSIP:

XS2436898485 / 243689848

About the IDB

The Inter-American Development Bank is devoted to improving lives. Established in 1959, the IDB is a leading source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region.

Information on bonds for Investors is available on the IDB website: https://www.iadb.org/investors

(C) 2022 Electronic News Publishing, source ENP Newswire