IDB Raises $207m From Mexican Peso Issue

The Inter-American Development Bank (IDB) raised $207m on Monday via the sale of 2.25bn Mexican peso-denominated bonds, reported Dow Jones, quoting the deal manager, TD Securities. The AAA-rated bonds sold at 97.435 to yield 7.78% per annum. The bonds, which carry a coupon of 7.5% per year, mature on December 5, 2024.