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IDB Invest Expands its Sustainable Bond Offering in Latin America and the Caribbean with Two Local Currency Issuances


IDB Invest, the private arm of the Inter-American Development Bank Group, issued two sustainable bonds in local currency: a bond worth 2,500 million Mexican pesos (equivalent to approximately US$150 million) with a tenor of three years in Mexico, and a bond worth 40,000 million Colombian pesos (equivalent to approximately US$10 million) in the international market.


The funds raised by both issuances will support access to inclusive financing and provide technical and financial support for critical transportation, renewable energy and telecommunications infrastructure projects, as well as innovative and environmentally sustainable corporate projects.


In recent years, IDB Invest has issued bonds in Mexican pesos, Colombian pesos, Dominican pesos and guaraníes, and expanding its credit offering in local currency will be a strategic priority in the coming years.


The issue in Mexico, listed on the Institutional Stock Exchange (BIVA), is IDB Invest's fourth sustainable issue in that market after having issued three other social bonds in the last three years. Likewise, it is the tenth issue of IDB Invest in the local market.


The issue received local ratings of by Moody's and AAA(mex) by Fitch Ratings, respectively. Banco Santander and Scotiabank acted as placement agents in the operation. The transaction was 1.2 times oversubscribed, with $3 billion of orders in Mexican pesos. The strong demand allowed the placement agents to set the size of the bond at 2,500 million pesos, the maximum amount of the range between 2,200 and 2,500 million pesos announced during the marketing, with a rate of 10 basis points over TIIE 28. The funds investment accumulated 70% of the bonds issued, 21% pension funds, and the remaining 9% banks.


IDB Invest also issued a second bond with a volume of 40,000 million Colombian pesos (approximately US$10 million) in the international market maturing in March 2030. Listed on the London Stock Exchange, this bond is IDB's second sustainable bond Invest denominated in Colombian pesos.


Offering project financing in local currency protects borrowers in the region from foreign currency fluctuations, making debt payments less volatile and more sustainable.


Sustainable bonds in local currency issued by IDB Invest in recent years have already reported important results, including financing 570,000 micro, small and medium-sized enterprises (MSMEs), improving access to water and sanitation services for more than 657,000 families and the provision of health services to more than 14,000 beneficiaries.


Distribution by type of investor


Investment Funds


Pension Funds





Summary of the Issuance in Mexico



Inter-American Investment Corporation (IDB Invest)

Ratings of the issuance: (Moody’s), AAA(mex) (Fitch)

Key and Value Type:

JI, Stock Certificates of Multilateral Organizations

Issue amount:

MXN $2,500,000,000

Book closing date:

15 de marzo, 2024

Settlement date:

19 de marzo, 2024

Due date:

19 de marzo, 2027

Interest rate:

TIIE 28 días + 0,10%

Interest rate for the first interest period:


Placement price:



Bolsa Institucional de Valores (BIVA)

Ticker key in BIVA:


Common representative:

Monex Casa de Bolsa, S.A. de C.V., Monex Grupo Financiero

Placement agents:

Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México 


Scotia Inverlat Casa de Bolsa S.A. de CV, Grupo Financiero Scotiabank Inverlat 


Summary of the issue in Colombian pesos:



Inter-American Investment Corporation (IDB Invest)

Ratings of the issuance:

AA+ (S&P), Aa1 (Moody’s), AAA (Fitch)


Global Debt Program

Issue amount:

COP $40,000,000,000

Book closing date:

12 de marzo, 2024

Settlement date:

19 de marzo, 2024

Due date:

19 de marzo, 2030

Interest rate:


Placement price:



London Stock Exchange

Settlement systems


Placement agent:

HSBC Bank Plc


About IDB Invest

IDB Invest, a member of the Inter-American Development Bank 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 finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $21 billion in assets under management and 394 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.