Inter-American Development Bank
The IDB has used its programme to help open new bond markets in Latin America, but maintained its attractive after swap costs of funding
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Hauge and Garcia: Have blazed a trail in Mexico, Brazil and Colombia |
The Inter-American Development Bank (IDB) has never found it hard to borrow money: it’s long had the very best name recognition among Japanese retail investors, and can happily fulfill all of its borrowing needs in the uridashi market. Since 2000, the IDB has sold uridashi bonds in 16 different currencies, including the US dollar, Australian dollar, New Zealand dollar and South African rand in 2004 alone.
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