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World Bank cracks US but opinions split on dual tranche approach

The World Bank made serious inroads into the US investor base with a $5bn dual tranche transaction priced on Wednesday. But opinions are divided on the wisdom of it making its dollar comeback in two tranches, with some banks saying that the issuance of a sub-$1bn 10 year detracted from the success of the well oversubscribed $4.25bn three year.

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