World Bank responds to demand for quality and duration with $1bn global
The World Bank enlivened the primary market and kicked off its financial year by issuing a $1bn seven year global bond, responding to flight to quality demand from a blue chip investor base. The transaction, priced at 97bp over the five year Treasury and re-offered at Libor minus 25.5bp, was lead managed by Dresdner Kleinwort Wasserstein and HSBC.
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