Caribbean Development Bank (CDB) has successfully concluded its inaugural borrowing in the German capital market, with the issuance of a €250 million 20-year registered bond.
Launched on November 14, the offering was arranged by Deutsche Bank AG, acting as sole book runner.
In a statement, CDB said favourable market conditions, and strong appetite for the credit from German investors, enabled it to raise these funds at an annual interest rate of 0.875%.
Prior to this transaction CDB raised Fr.145 million (francs) through the placement of a 12-year bond in the Swiss market in 2016.
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