EBRD and World Bank fulfil Asian currency cravings
The World Bank and the European Bank for Reconstruction and Development took advantage of investor interest in Asian currencies this week, selling Malaysian ringgit and Indian rupee debt, respectively.
The World Bank sold its largest Malaysian ringgit bond in nearly three years on Monday, with the deal appealing to asset managers with a positive outlook on the currency.
TD Securities priced the MR150m ($50.1m) 1.875% May 2016 paper to yield 1.9% in line with guidance at the 1.9%
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