Smart Water Magazine
Connecting Waterpeople

You are here

IDB Invest issues blue bond to finance water projects in Latin America and the Caribbean

  • IDB Invest issues blue bond to finance water projects in Latin America and the Caribbean

About the entity

Inter-American Development Bank (IDB)
At the Inter-American Development Bank we work to improve lives in Latin America and the Caribbean.

IDB Invest, rated AAA/Aa1/AA+, priced a 20-year AUD 50 million blue bond due November 2042. T&D Financial Life Insurance Company is the sole investor of the bond, that was led by Nomura. This is IDB Invest’s third 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 the Latin America and the Caribbean region, with much 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 the region.  

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.

As the COP27 conference is held in Egypt, blue bonds are emerging as an innovative way to fund ocean and water-related solutions, create sustainable business opportunities, and signal responsible ocean stewardship to the market.

Subscribe to our newsletter

Topics of interest

The data provided will be treated by iAgua Conocimiento, SL for the purpose of sending emails with updated information and occasionally on products and / or services of interest. For this we need you to check the following box to grant your consent. Remember that at any time you can exercise your rights of access, rectification and elimination of this data. You can consult all the additional and detailed information about Data Protection.

Featured news