World Bank launches dollar global

March 25, 2009 12:00 am

The World Bank is issuing a three year dollar global at mid-swaps plus 30bp-35bp via Citi, HSBC, JPMorgan and Royal Bank of Scotland, giving investors the rare opportunity to buy a fixed rate World Bank bond in Libor plus territory. The European Investment Bank had been expected with either a three or five year transaction but is now thought to be eyeing the two year sector.

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