IDB Launches $3 Billion 10-Year Global Benchmark Bond

WASHINGTON - The Inter-American Development Bank (IDB) issued a $3 billion 10-year global benchmark bond, the first U.S. dollar benchmark transaction of its 2026 funding program.

The bond attracted strong global investor demand, with orders exceeding $9 billion, more than three times the amount issued. The bond matures in January 2036 and offers a fixed annual interest rate of 4.125%.

"This transaction surpassed our expectations with over $9 billion of investor demand-a record IDB 10-year orderbook," said Laura Fan, Head of Funding at the IDB. "We are delighted with the success of our $3 billion 10-year benchmark, which reflects the strong global interest in the IDB's credit and continued support of our mission to promote economic and social development across Latin America and the Caribbean."

"Congratulations to the IDB team on delivering a $3 billion 10-year benchmark to the supranational, sovereign, and agency (SSA) market," said Sean Hayes, Managing Director and Global Head of Syndicate, BMO Capital Markets. "As IDB's first U.S. dollar transaction of its 2026 funding program, this new issue achieved a record 10-year orderbook size for IDB at over $9 billion, while traveling an impressive 4 basis points from initial price thoughts. The result underscores the IDB's reach across the global investor base, achieving broad distribution at a single-digit spread over U.S. Treasuries. BMO is thrilled to have been a part of this offering."

"Citi was delighted to be appointed bookrunner on IDB's first dollar benchmark of the year. In a constructive and busy market, the IDB achieved its largest orderbook ever on a 10-year transaction with more than $9 billion of demand," said Ebba Wexler, Head of SSA DCM at Citi. "This reflects the strong investor bid for high-quality U.S. dollar assets and support for the IDB's credit and mission. Citi is delighted to have had the opportunity to work with IDB on this transaction."

"Congratulations to the IDB team on an excellent first U.S. dollar outing in 2026. IDB took advantage of the supportive primary market conditions to achieve very attractive funding in the longer end of the curve and a record orderbook in the 10-year tenor," said Asif Sherani, Head of DCM Syndicate and Head of Public Sector DCM at HSBC. "The high-quality orderbook supported a U.S. dollar $3 billion print and underscores investor support of the IDB's credit. HSBC are delighted to have been involved."

"J.P. Morgan is proud to have supported the launch of IDB's 2026 benchmark funding program," said Sarah Lovedee, Executive Director at J.P. Morgan. "Achieving the joint-tightest reoffer spread to mid- swaps in the 10-year U.S. dollar sector since 2022, alongside IDB's largest orderbook in this tenor, this transaction underscores the strength of IDB's credit and enduring investor appeal. Congratulations!"

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

*This press release is not an offer for sale of the securities of the Inter-American Development Bank. Any offering of IDB securities will be made only by means of a prospectus or other definitive offering document that contains important information about the securities, the offering and IDB. Offerings of securities will be made only in compliance with applicable laws.