ASUNCIÓN – IDB Invest announced its seventh and largest-ever local bond issuance in Paraguay, cementing its pioneering role in the expansion of the country’s capital markets. After becoming the first multilateral development bank to issue local currency bonds in Paraguay – a landmark moment in 2018 – IDB Invest reinforces its commitment to deepening private sector financing and market innovation with this new milestone. 

This issuance, totaling 240 billion guaraníes (approximately $34 million), is the largest ever by IDB Invest in Paraguay and the longest and highest-value bond issued by any multilateral institution in the country. The bond was allocated to a diversified investor base, including private and public pension funds, public and private entities, insurance companies, and mutual funds. With a six-year tenor, it sets a new benchmark for multilateral engagement in Paraguay’s capital markets, reflecting investor confidence in the country's macroeconomic stability. It also reaffirms IDB Invest’s ability to mobilize long-term financing in frontier markets.

Recently, IDB Invest expanded its local bond program from 1.5 trillion to 2.5 trillion guaraníes, reaffirming its long-term commitment to local currency financing for the private sector and deepening Paraguay’s capital markets. This expansion underscores the importance of mobilizing domestic savings and fostering resilient financial ecosystems that enable sustainable economic growth. 

Operating under Paraguay’s local regulatory framework, the program offers flexibility and scalability, allowing multiple issuances under a single legal structure. This streamlined approach accelerates access to capital for private sector projects while reinforcing the foundations of the local debt market. Through these efforts, IDB Invest is not only facilitating financing in local currency but also driving innovation and confidence in Paraguay’s financial system. 

Local-currency financing helps IDB Invest clients mitigate currency and interest-rate risks, enabling companies to focus on their core operations rather than managing market volatility. This translates into better development outcomes, including business expansion, job creation, and increased productivity.

The issuance will be listed and traded on the Bolsa de Valores de Asunción (BVA), Paraguay’s official securities exchange, which provides a transparent and efficient platform for capital-market transactions. CADIEM was mandated as the dealer for this transaction. 

About IDB Invest

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 finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 440 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. Visit our website: www.idbinvest.org/en. 

About the Bolsa de Valores de Asunción (BVA)

The Bolsa de Valores de Asunción provides the physical and technological infrastructure that enables the trading of securities issued by both public and private companies, duly authorized by the Superintendence of Securities. BVA offers Paraguay’s capital market a transparent and efficient platform where prices are determined by supply and demand. It promotes regular, agile, orderly, competitive, and public transactions, fostering confidence and growth in the local securities market. 

About CADIEM

CADIEM Casa de Bolsa S.A, has been in the Paraguayan Stock Market for 20 years, was founded in 2003 at the very beginning of the stock market in 2003, with the aim of contributing to its development through the offer of various products and financial services. A benchmark in the market, with the largest portfolio of investors in the country and a broad portfolio of products, it seeks to improve people's quality of life through savings, investment, and personal finance education.