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IDB Invest Issues Blue Bond to Finance Water Projects in Latin America and the Caribbean

IDB Invest, rated AAA/Aa1/AA+, priced a 15-year AUD 38 million blue bond due September 2037. Taiju Life Insurance Company is the sole investor of the bond, that was led by Citibank. This is IDB Invest’s second blue bond under its Sustainable Debt Framework.

The proceeds will finance private sector projects that contribute to the UN Sustainable Development Goal 6, Clean Water and Sanitation, and will promote the sustainable use of water resources for economic growth, improved livelihoods, and jobs, as well as ocean conservancy. Blue bonds can provide financing to a range of companies that have a positive impact, including companies located near bodies of water, land-based companies that support ocean ecosystem health, and water and sanitation projects.

Blue bonds are uniquely relevant to Latin America, with 25% of its population living in coastal areas. The Caribbean is home to 23 small and island countries surrounded by coastlines and is especially vulnerable to the effects of climate change. With this second blue bond, IDB Invest continues to promote a groundbreaking approach to financing climate action and attracting new investors to Latin America and the Caribbean.  

This bond extends the series of IDB Invest’s green and blue bonds issued for Japanese life insurance companies, highlighting their support for IDB Invest’s commitment to climate action.


Transaction Summary



Inter-American Investment Corporation (IDB Invest)

Issuer rating:

Aa1 / AA+ / AAA (Moody’s / S&P / Fitch)


Global Program   


AUD 38,000,000

Settlement date:

Sept 29, 2022



Maturity date:

Sept 30, 2037

Issue price:



Not Listed

Clearing systems:

Clearstream / DTC

Joint lead managers:



About IDB Invest

IDB Invest, the private sector arm of the IDB Group, is a multilateral development bank focused on improving the lives of those in its emerging markets member countries. We finance projects to advance clean energy, sustainability and create economic growth and social inclusion in Latin America and the Caribbean. With a portfolio of $15.3 billion in assets under management and 375 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. Information on IDB Invest bonds is available at our Investors page.