London Stock Exchange welcomes IDB Invest on its inaugural GBP Bond
IDB Invest Debuts Its First GBP Social Benchmark Bond**
IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector.
IDB Invest has successfully debuted its inaugural GBP Bond, listed at the London Stock Exchange. The new £300 million short 5‑year Social Benchmark Bond, issued under IDB Invest's Global Debt Program, provides UK and global investors with a unique opportunity to support private sector development across Latin America and the Caribbean.
This achievement is more than just a successful trade; it represents the evolution of IDB Invests's new business model. By accessing new markets and diversifying our investors base, IDB Invest is scaling its capacity to drive sustainable, private sector growth across Latin America and Caribbean.
“This inaugural sterling transaction marks an important milestone for IDB Invest as we continue diversifying our funding base to better serve Latin America and the Caribbean. The strong demand from high‑quality investors reflects confidence in our credit strength and our mandate to deliver meaningful development impact through the private sector. We are pleased to open a new channel for UK investors to participate in the region’s growth story.”
Orlando Ferreira
CFO of IDB Invest
The Social Benchmark Bond matures on 22 October 2030 and pays an annual coupon of 4.125%, priced at SONIA mid-swaps +45 basis points, representing a 4.198% yield and a 25.3 bps spread versus the 0.375% October 2030 Gilt.
Market participants also welcomed IDB Invest's debut in the sterling market, with strong demand of more than £525 million in orders from over 20 global investors. Banks represented the largest share of allocations at 40%, followed by central banks and official institutions (28%), fund managers (22%), pension funds (5%), and insurance companies (5%). The United Kingdom accounted for 58% of total distribution, with the remainder diversified across EMEA (22%), Asia (11%), and the Americas (8%).
The transaction was led by BMO Capital Markets, Citi, NatWest, and TD Securities as joint bookrunners.
For more than a decade, IDB Invest has maintained a deep history with the London Stock Exchange, by connecting global and local capital markets to drive social impact. To date IDB Invest has listed 27 bonds totaling $14 billion, including $5.1 sustainable bonds. IDB Invest's debut GBP Social Benchmark Bond builds onto this history, further strengthening the institution's presence across global capital markets to support its mission to catalyze sustainable, private‑sector-led development across Latin America and the Caribbean.
