World Bank targets US and European accounts with 30 year museum piece
The World Bank this week issued the first 30 year global bond by a supranational borrower since 1993 and the first in that maturity from the supranational and sovereign sector since Italy's 30 year in 2003.
Joint leads JP Morgan and Morgan Stanley launched the deal as a minimum of $500m but increased it to $750m on the back of a $1.1bn book.
Doris Herrera-Pol, head of the World Bank's capital market operations, described the deal as a once in a
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